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Intro and Questions
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Intro and Questions

  #1 (permalink)
Trading Apprentice
Chicago, Illinois USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: TF, ES
 
Posts: 1 since Feb 2013
Thanks: 0 given, 0 received

Intro and Questions

Hello Everyone,

This is my first post on futures.io (formerly BMT). I have been a member here for a while now, 519 days to be exact, but have been looking, listening and watching what people are posting. From what I see the people posting on futures.io (formerly BMT) see extremely knowledgable/experienced and since I new to trading donít feel like I can add much value to the conversations.

I have a question or two but I want to frame it with a little history about my lack of trading. About two and a half years ago I found out that a friend of mine did trading and since then I have been working on my own trading plan/style. Figuring out what type of trading I want to get into, understanding my emotions when I trade, understanding the risk involved.

I have not one trade in the live markets. I promised myself I would not put one dollar in until I consistently make a profit in simulation with the contract size I would be using in real life. In the last six months I have be able to make profits consistently and keep my loses low.

With in the next several months, maybe as late as January, I plan on moving into the live markets, ES mini. However, after listening and reading on the board, my sense is that people are down on starting with a small account, $5k, and talking about taking large risk with low intraday margins.

So here are my questions:
I would like some clarity on something: If I have a broker that offers me $500 intraday margins on the ES and I set my stop for 2% loss, after entering the trade I get stopped out do I lose $50 or $550 dollars?

When you enter into a trade with your capital, with $50k or $5k, theoretically is all of your capital in that account at risk regardless of your stop loss setting?

In reality when you move your stops to break even or have other methods of breaking even, your have effectively removed your risk of from the table, not including slippage, is that correct.

If these questions seem academic, I apologize, I donít want assume something only to find out the hard way that I misunderstood what the risks really were.

Also, if there are risk that I might not be seeing please point them out.

Thanks,

Dave

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,501 since Sep 2013
Thanks: 1,706 given, 3,706 received
Forum Reputation: Legendary

The risk


Hello,

The risk you are taking is the number of contracts multiplied with the value per tick mutliplied with (your stoploss in ticks + slippage in ticks)

Example CL (crude)
you enter at 100, stop at 99 (= 10 ticks)
price goes against you, hits 99, but the next buyer is at 98.8 (= slippage 2 ticks)
you loose (10+2) X 10 (=$ value per contract) X number of contracts


As a good practice rule the outcome of that arrhythmic (the total $ value, on a per trade basis, should not exceed 2% of the capital, of your account).

If you have a high-probability algo, you might be a bit more aggressive.

Don't go for maximum gearing...
Unless you have found a miraculous method ;-)


regards,
Ron

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  #4 (permalink)
Elite Member
atlanta, GA, USA
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: currency
 
Posts: 6 since Nov 2014
Thanks: 0 given, 1 received

RE Ninja Trader

Hi guys im new to the forum, im an elite member here and i was intrested in one of the ninja trader downloads, things is im kinda new to the platform, im currently using the demo account which i dnt think can be used for live trading.... do u guys know if i have to have the full version to use or add indicators?

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  #5 (permalink)
Elite Member
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,501 since Sep 2013
Thanks: 1,706 given, 3,706 received
Forum Reputation: Legendary

demo


itachi1991 View Post
Hi guys im new to the forum, im an elite member here and i was intrested in one of the ninja trader downloads, things is im kinda new to the platform, im currently using the demo account which i dnt think can be used for live trading.... do u guys know if i have to have the full version to use or add indicators?

The demo offers full functionality, you can use and add indicators
just like a full version

You can do everything, except sent live orders to a broker
under the new model, i think you can even sent orders to ninjabroker,
the commission is just a bit higher

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  #6 (permalink)
Elite Member
atlanta, GA, USA
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: currency
 
Posts: 6 since Nov 2014
Thanks: 0 given, 1 received

i see

i see thanks but, i ask b/c when i go into forex and choose any currency the chart wont appear , but it will appear for other assets.. please help

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