Honestly, Can You Be Successful Without a HUGE Account?

Quote from giles117:

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)
More...

yours is very similar to my style. what is your return in %?
i have 200% in 2006 and 60% now in 2007. i am using 1:1 margin.
 
Quote from giles117:

Not off topic, The topic is can you make money with a tiny account (Sorry, be successful)

I say yes. I started small. $300 to be exact.

I agree JJ, I dont talk to anybody about what I do (except 2 people. This kid I am mentoring and my wife.)

I thought you were using QT. Nice program. I use InvestorRT.
More...

$300?

which broker allow to trade with $300? :confused:
 
Can anybody remember the name of the poster that spoke about trading the S&P futures market a while back, his view was how 1 and 2 lot traders will eventually chip away their account till nothing was left and suggested that the only way to succeed was to increase size...

I think his signature was something like

.... 'you gotta do size'
 
Quote from deviltrader:

You can't daytrade or even open a margin account with 300, so your prospects of making money is very slim, in a world where most people don't make money even with >25k
More...

I Like people like you.. Slim does not = impossible. And you can daytrade.. Just have to stay close to the daytrade rules...

But then when one thinks he cant... he cant......

God Bless. :D
 
Quote from giles117:

I Like people like you.. Slim does not = impossible. And you can daytrade.. Just have to stay close to the daytrade rules...

But then when one thinks he cant... he cant......
More...

I'm normally very optimistic about trading. But $300! I think that money would be better spent going to Vegas, and betting it all on black.
 
Remember this...

Necessity is the Mother of invention...

Or in My Case, Necessity was the Mother of Success.

I wasnt burdened with what I couldnt do. I was burdened with what I had to do... No other choice, so I made it happen....

I wasnt smart enough to realize i couldnt trade..and become successful... Starting with a miniscule amount....

I hadnt heard of Elite Trader.... ROFLMAO!!!!

I failed in the market once. I couldnt fail again... And I havnt.. Oh, I have had losses. But that is the tuition of growth....

If you dont fail, will you ever truly succeed????

Always see the glass as half full....
 
Quote from bsparkyman:

There are more ways too make money trading than there are traders. Sorry Jack Hershey.
More...

Speaking of Hershey. I have some delicious chocolate here.
 
You must log in or register to reply here.
Back
Top