Hi SethArb,
To answer ur questions :
I have been trading 5+ yrs and only trade the futures market. I take money on the first of every month from my a/c. I have set a fixed base ( trading capital ) and withdraw the rest. This is not to prevent myself from taking a large position ( i can take large positions with my capital when the situvation warrents ) but for my expenses.
Avg position size depends on the set-up and most important my risk tolerance. My max risk per trade does not exceed in the worst case 2% of my capital. Position Size depends on where the fill and my stop. I trade upto 20 contracts.
I tend to be aggresive with size at the beginning of the month. Simple reason being I have enough time to recover from any large losses. Like wise i reduce my lot size as the month gets nearer to its end to protect any profits I may have.
Back to todays trading :
Trading results - June 05 2006
Main trade was a loser - Long at support max size ( 20 contracts ) with 3 pt stop.
To answer ur questions :
I have been trading 5+ yrs and only trade the futures market. I take money on the first of every month from my a/c. I have set a fixed base ( trading capital ) and withdraw the rest. This is not to prevent myself from taking a large position ( i can take large positions with my capital when the situvation warrents ) but for my expenses.
Avg position size depends on the set-up and most important my risk tolerance. My max risk per trade does not exceed in the worst case 2% of my capital. Position Size depends on where the fill and my stop. I trade upto 20 contracts.
I tend to be aggresive with size at the beginning of the month. Simple reason being I have enough time to recover from any large losses. Like wise i reduce my lot size as the month gets nearer to its end to protect any profits I may have.
Back to todays trading :
Trading results - June 05 2006
Main trade was a loser - Long at support max size ( 20 contracts ) with 3 pt stop.
