I am ready!

E

ES Shooter

I paid my dues, watched the markets for years, and have developed an excellent system. This month I have had amazing success and I am now ready to go full time. I’ve turned a 400 account into 4,000 this month trading ES! I always heard about day traders making 10-30k a day, and I am sure it is possible now.
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p> </o:p>
I expect to ratchet up to 40-50 contracts soon, but I don’t want to go over that which might be detrimental to trading strategy. Anyone have any experience in the position size in ES where you can trade w/out too much slippage and still have good liquidity.
 
ES Shooter said:
I paid my dues, watched the markets for years, and have developed an excellent system. This month I have had amazing success and I am now ready to go full time. I’ve turned a 400 account into 4,000 this month trading ES! I always heard about day traders making 10-30k a day, and I am sure it is possible now.
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p> </o:p>
I expect to ratchet up to 40-50 contracts soon, but I don’t want to go over that which might be detrimental to trading strategy. Anyone have any experience in the position size in ES where you can trade w/out too much slippage and still have good liquidity.
More...
For a beginner 1 ES contract max per 10k equity. If you can make money consistently every week you can drop to 5k or even lower.
 
ES Shooter said:
I paid my dues, watched the markets for years, and have developed an excellent system. This month I have had amazing success and I am now ready to go full time. I’ve turned a 400 account into 4,000 this month trading ES! I always heard about day traders making 10-30k a day, and I am sure it is possible now.
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p> </o:p>
I expect to ratchet up to 40-50 contracts soon, but I don’t want to go over that which might be detrimental to trading strategy. Anyone have any experience in the position size in ES where you can trade w/out too much slippage and still have good liquidity.
More...

If you have to ask that kind of question, you not ready to even trade a one lot. Just cause you can trade and have the funds doesn't mean you should trade, much will change about nerves going from a one lot to a two lot to a ten, to fifty and hundred, watching what the total of one tick in the beginning is unnerving let alone "try" to remember your trading rules. Take it slow. I have often told all rookie day traders to take a ten thousand account and triple it by doing a one lot, you gain much experience.
 
johnny_utah said:
No broker will allow funding a new acct with less than 3k, even with $400 ID margin. Most brokers require at least 5k min. initial balance.
More...

AMP Futures...$500 to open, 400 margin, can get 300 if you ask.
 
Handle123 said:
If you have to ask that kind of question, you not ready to even trade a one lot. Just cause you can trade and have the funds doesn't mean you should trade, much will change about nerves going from a one lot to a two lot to a ten, to fifty and hundred, watching what the total of one tick in the beginning is unnerving let alone "try" to remember your trading rules. Take it slow. I have often told all rookie day traders to take a ten thousand account and triple it by doing a one lot, you gain much experience.
More...

My 1600% gain says differently, but thanks for your concern old timer. The nerds that program algos should be nervous as they put their lives and fortunes in the process of a deterministic machine where I am in total control and on top of a dynamic ever evolving and changing market.
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p> </o:p>
Discretionary traders who understand psychology can crush machine traders who are drivng into the future by staring into the rear view mirror.
 
You must log in or register to reply here.
Back
Top