Honestly, Can You Be Successful Without a HUGE Account?

I have 2 strategies in play.. Trend Following AND Sideways Market.

Generally when the "trend" changes from Sideways to bull/bear run you experience a series of small losses till YOU recognize a bigger move. (For me that means switching between the 2 major chart strategies I follow and see if what the indicators suggest might be going on.)

generally I lose perhaps 2 or 3 trades (meaning I get stopped out because with sideways, I am pursuing profit targets verses letting it ride)

I primarily ascribe to a trend-following methodology (helped me grab 90pts of corn move just recently)

I dont like the scalping. Not my style (though me grabbing 3-5 points (12-20 ticks) of a sideways ZC move, or 8 ticks of a ZB move, etc... might be considered scalping. In a sidways market, I set up bracket orders to protect me and let me build incrementally till the sidways is over.

So again I say that one can be quite successful starting with a small account trading Futures (seeing that this is what Spectra promotes)

Just have smart stops, and a strategy that will give you some small wins while you build up your capital. (Unless you slip on a big trending move)
 
Quote from Pa(b)st Prime:

Nice links BTW.

RD's "risks" involved his ability to neglect the short term euphoria of cashing in winning positions at the expense of missing large moves.

Dennis would explain that losing one's winning position in a trending market is a greater risk than losing the short term profit generated by that position.
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Pa-Prime;
Those are prime illustration:cool:

Dont know if the following Rich Dennis experience is true or not;
but I am speculating that it is true. And on topic, like yours.

William Eng said he went into Rich Dennis apartment in his early years, and said Rich Dennis was using stacks of Wall Street Journal for furniture.

He probably would have used Investors Business Daily;
except it wasn't published then .

:cool:
 
Quote from Spectra:

123Magic,

Yep. Didn't see that one sorry. Ahh yes Alex makes no secret of his past mentorships and learning experiences. It's how he got where he is today.

Alex has spent decades and over $100,000 learning to trade. , Mark Fisher

[/I]
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alex was personally mentored by mark fisher, are you certain of this?

:eek: :confused:
 
I've heard him talk about a course you go to in person. All the proceeds get donated to some sort of charity. Feel free to shoot him an email from our contact page if you want to know more about his dealings with Mark. Our MaxSpan setup is partially based on rules that mark came up with.

CajunSniper / Puretick.com Administrator-Trader
 
I believe you can trade with any size as long as you have already worked out your strategy and method etc. After that you decide whether you will trade 1 or 2 contracts or 5 or 10 depending on your account :). Personally I prefer options on ETFs and I don't trade a huge size either, just what I am comfortable with. This volatility increase is exactly what traders need. Big moves and lots of fear and greed is where traders operate. Quiet markets are for investors. To each their own!! market caters to everyone, big and small, one and all :)

http://lauristonletter.blogspot.com/
 
Quote from Spectra:

I've heard him talk about a course you go to in person. All the proceeds get donated to some sort of charity. Feel free to shoot him an email from our contact page if you want to know more about his dealings with Mark. Our MaxSpan setup is partially based on rules that mark came up with.

CajunSniper / Puretick.com Administrator-Trader
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thats cool. thanks, i was just wondering about the relationship.

mark fisher is one of the true greats.

regards, surf
 
Quote from lauriston:

I believe you can trade with any size as long as you have already worked out your strategy and method etc. After that you decide whether you will trade 1 or 2 contracts or 5 or 10 depending on your account :). Personally I prefer options on ETFs and I don't trade a huge size either, just what I am comfortable with. This volatility increase is exactly what traders need. Big moves and lots of fear and greed is where traders operate. Quiet markets are for investors. To each their own!! market caters to everyone, big and small, one and all :)
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sorry bro, dont agree.

any method that requires scaling into/ out of --obviously cant be traded with 1/2 contracts. regards, surf
 
The thread title says: Can you be succesful without a huge account?

Well, we have to define succesful.
winning $124 on a day with an small account its a great stuff (according to %) and depending on how much was at risk on the trades taken. Anyway one day doesn't show the all picture.

If you say "succesful trader" then not, a trader can't be succesful with a little account (lets say below $30k or $50k) because if they call himself a trader we should think "he" is trying to make a living out of this. So, with low equity the pressure to make good trades will eat him alive.
I'm saying this because there is a lot of people who think they have a good system and that with low equity (less than 10k) they can make tons due to the "good system they have".
Well, that's happens only in the movies (or 1 in a 10millions shot, but the odds are against you).
 
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