Sid trade

upload_2022-9-30_18-48-1.png
 
Make sure you don't get caught on the wrong side of the market for too long since you like to add on a lot to a losing trade, that can eat away your profits in no time if the market rallies 3% in a day.

But nice work, keep it going!
 
I think the question might have been asked before, not sure.

Is there a reason why you are trading CFD's instead of (micro) futures?
 
DevBru said:
I think the question might have been asked before, not sure.

Is there a reason why you are trading CFD's instead of (micro) futures?
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I think at my very small stakes it might work out better since i'm not paying commissions but paying a slightly bigger spread. Either way, there's not much in it. And it's just easy. Spreadbetting is popular in here. Even people with big accounts sometimes choose to use them over futures.

If I grow the account to 15 k or something maybe i'll switch it up

I try to stay on the right side of the market and to build up a nice buffer so that when/if we eventually get an up move, i'll be able to ride the wave. That's the plan
 
sidbunch said:
I think at my very small stakes it might work out better since i'm not paying commissions but paying a slightly bigger spread. Either way, there's not much in it. And it's just easy. Spreadbetting is popular in here. Even people with big accounts sometimes choose to use them over futures.

If I grow the account to 15 k or something maybe i'll switch it up

I try to stay on the right side of the market and to build up a nice buffer so that when/if we eventually get an up move, i'll be able to ride the wave. That's the plan
More...

It would be easy to calculate actually.

If you currently would open a position in ES representing $5 per point, how much would that cost you?

Trading micro's with AMP for example, that would cost you $0.94 in commission and a 1 tick spread which is $1.25.
 
DevBru said:
It would be easy to calculate actually.

If you currently would open a position in ES representing $5 per point, how much would that cost you?

Trading micro's with AMP for example, that would cost you $0.94 in commission and a 1 tick spread which is $1.25.
More...
i'm too dumb to work it all out, but it's probably pretty close, plus i do'nt need to worry about data feeds and stuff.
Here's the spread on my 'ES' equivilent. So i'd pay no commission, but that's a slightly bigger spread i guess?
upload_2022-9-30_19-45-52.png
 
sidbunch said:
i'm too dumb to work it all out, but it's probably pretty close, plus i do'nt need to worry about data feeds and stuff.
Here's the spread on my 'ES' equivilent. So i'd pay no commission, but that's a slightly bigger spread i guess?
View attachment 296447
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The spread is double.

If you open 1 contract how much PnL does that give you over 1 point?

Data feeds are cheap, top of book for CME just costs $1 per month.
 
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