Starter Account Size for Emini S&P?

E

EminitraderDM

What size of an account should I start out with on the Emini S&P?

Is $5000 a good number and start with 1 contract to build your account from there?

Or is starting with $10,000, $15,000, or $20,000 a better approach?

**EDIT** Also, after my last post about scalping I did a little more research and decided that short term position trading was a better approach to be more efficient and manage capital. I attached a chart for yesterday that I marked up a bit with some Entries and Exits that I noticed, along with the reasons why...

Am I on the right track here?
 
Quote from EminitraderDM:

What size of an account should I start out with on the Emini S&P?

Is $5000 a good number and start with 1 contract to build your account from there?

Or is starting with $10,000, $15,000, or $20,000 a better approach?

**EDIT** Also, after my last post about scalping I did a little more research and decided that short term position trading was a better approach to be more efficient and manage capital. I attached a chart for yesterday that I marked up a bit with some Entries and Exits that I noticed, along with the reasons why...

Am I on the right track here?
More...

Do the math: $50/point. 1000 points basically in ES. What's $50*1000? There's your answer.
 
Quote from bwolinsky:

Do the math: $50/point. 1000 points basically in ES. What's $50*1000? There's your answer.
More...

Okay, and 50 x 1,000,000 is 50,000,000!! :D

I don't really understand your response...
 
Quote from EminitraderDM:

What size of an account should I start out with on the Emini S&P?

Is $5000 a good number and start with 1 contract to build your account from there?

Or is starting with $10,000, $15,000, or $20,000 a better approach?

**EDIT** Also, after my last post about scalping I did a little more research and decided that short term position trading was a better approach to be more efficient and manage capital. I attached a chart for yesterday that I marked up a bit with some Entries and Exits that I noticed, along with the reasons why...

Am I on the right track here?
More...


I am using a 1 contract per 5K equity position size on ES. I think that is ok, if you are using tight stops.
 
Quote from IndexSwing:

I am using a 1 contract per 5K equity position size on ES. I think that is ok, if you are using tight stops.
More...

That actually sounds pretty reasonable.
 
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