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Maximum risk percentage

  #13 (permalink)

Potomac, MD
 
Trading Experience: Intermediate
Platform: ToS, NT
Broker/Data: TD Ameritrade, IB
Favorite Futures: QM/CL
 
reno57540's Avatar
 
Posts: 161 since Oct 2012
Thanks: 120 given, 213 received


Leon of Pizza View Post
Agreed. So, perhaps look at the QM product? Its in between a mini and a micro. Its liquid, but he will give up a tick or two from time to time. He's trading for 100t targets, so its a light headwind. The math will be unfriendly with its 2.5 cent tick increment. But a 2 lot QM will be a half step transition, compared to the 2 lot CL.

Or, go with the 4% and set a floor at some comfortable number. If the floor is reached, he can reassess.

Yes I am definitely considering QM as well. QM is exactly 1/2 CL, so 3QM would be a good step between 1 CL and 2 CL.

But as you mentioned below it doesn't move as smoothly, which arguably isn't a big deal when you trade with a $1 Stop/Target.

I am still brainstorming on the options, and hope to come up with a decision early this week.

Thanks everyone for sharing your thoughts and opinions.

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