Number of contracts

Quote from fandyur:

I am a position trader.
Trading with the trend.
A safe # of contracts to trade would be 4.
I have been putting on one contract at a time and adding
to that as the trade becomes more profitable.
Would this be the best way.
Or should I start with 4, or 2 and 2.
Would appreciate any feedback and the reasons
Thanks
More...

Without knowing your financial status, risk level and amount of knowledge you have when it comes to trading, you should always step in to a trade instead of going all in as a rule. Also it seems like you do not have a trading plan, before doing any type of trading, I would suggest for you to stop trading, and create a trading plan. The most important part of the trading plan is money management. Here is a link with a short description of money management: http://financialsaint.com/cms/cms/viewer/page/422
 
Not enough information to base a decision. Some systems do better pyramiding, many fare batter with an all-in / all-out approach.

You need to either backtest both with simulated trades, or if you have enough of a sample size, analyze your real results and come up with the answer yourself.

Adrian
 
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