Ten-thousand in Education and still not profitable! | Trading Reviews and Vendors

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Ten-thousand in Education and still not profitable!

  #272 (permalink)

Chicago, IL. USA
Trading Experience: Advanced
Platform: IRT
Broker/Data: Stage5/IQ Feed
Favorite Futures: ES
Posts: 32 since Oct 2011
Thanks: 22 given, 67 received

Cloudy: What ever amount of risk capital you have might work if you can adjust the product you trade plus costs so the % that is in line with your equity size...

Early on in the StoneAge I traded Bean Oil, Corn, Soybean Meal... they are low margin products and the tick value is not outrageous... Bean products for example track Soybeans which are like greased lightening... so you could get less volatility with the products but allow yourself to trade a live market tied to a volatile product so you can toughen up your psyche... and learn to read market/proce behavior...

I'm sure there are better markets today where you can scale down the point size and still employ some good money management... potential scales to better manage risk...

I believe a 2 lot is a minimum configuration... IMHO the first scale is specifically to reduce risk at a high probability target based on volatility... then you can manage the other postion (s) according to your plan - another topic all together..

If you do not have this process then do SIM until you can achieve CP..

If 1% or less is what you need then scale down what you trade to fit. The trading process is pretty much generic across the spectrum with the exception of specific individual market idiosyncicies...

Maybe some others here can give you some suggestions...



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