I was trading TF regularly a few months ago and whenever my stop orders were hit, about 50% of the time there were some slippage, and the worst slippage was 4 ticks. And I was only trading one contract.
It's a starting point in terms of thought and a way to measure leverage.
You need a reference point to start from, not one to go exactly by...that's all.
Once can increase based on experience, volatility and method.
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Favorite Futures: Emini ES, Emini TF, Crude CL, Eurex DAX, EuroFX 6E, Forex EurUsd and Hang Seng HSI
Posts: 30 since Mar 2011
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For me...no more than 6 contracts in normal or high volatility price action. In contrast, I'm on the low end (1 - 2 contracts) in low volatility price actions. I've been using this position size management for many years now while trading the Russell 2000 Emini TF futures.
Also, the word I keyed in on was "comfortable" (psychological element). This just because money management or account size dictates someone can trade more doesn't implied a trader should do such. Also, I've seen too often traders lose their discipline when increasing their position size even though they have not violated any money management or position size management rules.