2 contracts is too conservative? it's very little? I have started to be profitable and I don't want to do any nonsense. I want to progress quickly but I also don't want to do any nonsense. Can someone advise me?
How many contracts?
- Thread starter trader1974
- Start date
If you don't know your own level of tolerable risk, then the answer to your question as to how many contracts to trade is 0.
...so ES 5 pts, so 20 contracts $200 per pt, problem is it it slips 50pts ( too much for ES ?? ) then your suddenly down $10000 in 1 hit. likely 1/2 that so 5K, can ofcourse spike your way, but weirdly never has for me
10, $100 per pt, more than enough for anyone to live off imho!!
Yer off on your math?
ES $50 per point. So 20 contracts is $1000 per point. If it slips 50 points you are down $50,000
OP, 2 contracts is plenty with $100,000.
How much a loss per trade will it take for you to not get any sleep?
What worries me is not a normal loss, a stop jump of 1 or 2 points. I am more worried about an unexpected event where the index drops many points and the stop does not work.
This is more suited to my personality, I prefer to work 8 hours concentrated making small profits, than making a big profit with just one operation. This also has an obvious advantage. Learning accelerates. The disadvantage: I will not get rich in a short time, but I will not be so at risk.
How often have you seen this happen, where the stop does not work?
If you use caution, you will get rich in a long time. The tortoise always wins the race. Always.
Well, the problem was that I couldn't stop, the platform wouldn't let me. In 11 years it has only happened to me 2 times, but when it happens your legs shake.
I will operate 50 contracts, I need a Ferrari soon
