Trading Account Sizing - Traders Hideout | futures io social day trading
futures io futures trading


Trading Account Sizing
Updated: Views / Replies:973 / 15
Created: by Big Mike Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Trading Account Sizing

  #1 (permalink)
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 47,574 since Jun 2009
Thanks: 30,315 given, 89,489 received

Trading Account Sizing

Hi guys,

How large are your combined speculative trading accounts in comparison to your combined retirement accounts?

The topic of trading account sizing is always a popular one. I wanted to approach it from a different perspective, thinking than comparing it to retirement accounts would help make it more meaningful.

Please vote and discuss.

How large are your combined speculative trading accounts in comparison to your combined retirement accounts?

Total votes: 326
 


I tried to include enough options to cover most everyone (hopefully). Please let me know...

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 47,574 since Jun 2009
Thanks: 30,315 given, 89,489 received


I see the majority of responses so far indicate retirement is >10x greater than speculative. I am glad to see this, I was fearing it would not be the case.

Now some people have said they have no retirement account, which isn't the best of news. But everyone has their own financial situation of course.

What is also interesting is that so far very few people have indicated they are trading from their actual retirement account. I figured quite a few would be doing this.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 7 users say Thank You to Big Mike for this post:
 
  #4 (permalink)
Suffield, CT
 
Trading Experience: Advanced
Platform: MC, NT, Python, R
Broker/Data: IB, Oanda, IQFeed
Favorite Futures: ES, NQ, YM, CL, RB, 6E
 
Fu510n's Avatar
 
Posts: 104 since Oct 2009
Thanks: 774 given, 97 received


Big Mike View Post
I see the majority of responses so far indicate retirement is >10x greater than speculative. I am glad to see this, I was fearing it would not be the case.

Now some people have said they have no retirement account, which isn't the best of news. But everyone has their own financial situation of course.

What is also interesting is that so far very few people have indicated they are trading from their actual retirement account. I figured quite a few would be doing this.

Mike

I trade futures exclusively within an IB-based IRA that seems to work relatively well. I've had other "investments" at Fidelity & Vanguard that did well pre-2000 (and 2016-2017) but with 2018 having gone sideways, I'm back to trying to make .5%-1%/day the "hard way" .

-Guy

Follow me on Twitter Visit my Facebook Reply With Quote
The following 4 users say Thank You to Fu510n for this post:
 
  #5 (permalink)
Legendary Market Chamois
Chicago, IL
 
Trading Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,955 since Nov 2011
Thanks: 6,080 given, 3,518 received

Our retirement acct is a little more than 5 times the size of my three trading accts. The trend of this discrepancy is diminishing.

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Blash for this post:
 
  #6 (permalink)
Legendary Market Wizard
Houston, TX
 
Trading Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,968 since Dec 2013
Thanks: 2,410 given, 5,310 received


Big Mike View Post
I see the majority of responses so far indicate retirement is >10x greater than speculative. I am glad to see this, I was fearing it would not be the case.

That was my initial reaction, but then I was shocked to see that the second post popular answer is that 25% of people have no retirement account!!! Who is speculatively trading futures when they don't have a retirement account?

Reply With Quote
 
  #7 (permalink)
Frankfurt Germany
 
Trading Experience: Intermediate
Platform: MetaTrader, MultiCharts
Favorite Futures: Forex, ES, GC, strange synthetic creatures
 
Posts: 39 since Nov 2014
Thanks: 31 given, 31 received


SMCJB View Post
...Who is speculatively trading futures when they don't have a retirement account?

In many parts of the world this is the normal case. People speculate exactly for that reason. Because they have no retirement account. They are trying to improve their financial situation, and speculation in their part of the world is the only possible way to achieve it.

Reply With Quote
The following user says Thank You to MT4Survivor for this post:
 
  #8 (permalink)
Legendary Market Wizard
Houston, TX
 
Trading Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,968 since Dec 2013
Thanks: 2,410 given, 5,310 received

Admittedly retirement account rules are different across the world, but if we consider the case where retirement accounts are tax advantaged, then the expectancy of money put into a retirement account will nearly always be greater than the expectancy of speculatively trading futures. I'm not trying to preach from an ivory tower, but one reason many people have a bad financial situation, is because they make bad financial decisions.

Reply With Quote
The following user says Thank You to SMCJB for this post:
 
  #9 (permalink)
Frankfurt Germany
 
Trading Experience: Intermediate
Platform: MetaTrader, MultiCharts
Favorite Futures: Forex, ES, GC, strange synthetic creatures
 
Posts: 39 since Nov 2014
Thanks: 31 given, 31 received


SMCJB View Post
...but one reason many people have a bad financial situation, is because they make bad financial decisions.

Agreed. For example at the moment I live in Bulgaria. That's EU and not a 3rd world country. Here a retirement account is an exception. People earn an average of 300-500 Euro/month and financial speculation and gaming is scaringly popular.


Last edited by MT4Survivor; July 20th, 2018 at 10:52 AM. Reason: spelling
Reply With Quote
The following user says Thank You to MT4Survivor for this post:
 
  #10 (permalink)
Legendary Market Wizard
Houston, TX
 
Trading Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,968 since Dec 2013
Thanks: 2,410 given, 5,310 received



MT4Survivor View Post
Agreed. For example at the moment I live in Bulgaria. That's EU and not a 3rd world country. Here a retirement account is an exception and people earn an average of 300-500 Euro/month. Financial speculation and gaming is scaringly popular.

Do you mind me asking what the Bulgarian State Pension looks like?

Reply With Quote
The following user says Thank You to SMCJB for this post:

Reply



futures io > > > Trading Account Sizing

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

$1,000 in Amazon Gift Cards being given away right now from GFF Brokers

Right now
 

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Right now
 

Show us your trading desks and win over $5,000 in prizes w/Jigsaw Trading

August
 

Webinar: AutoTrading World Cup Advisor w/GFF Brokers

Aug 22
 

Webinar: Suri Duddella (TBA)

Elite only
 

Webinar: Richard Bailey (TBA)

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Position Sizing - Equity Curve Trading CharlieTrader EasyLanguage Programming 3 April 24th, 2016 11:25 AM
Position sizing and successful trading. johnedoe Psychology and Money Management 20 January 9th, 2015 04:53 AM
Position Sizing when trading Forex FX sburtt NinjaTrader Programming 17 August 2nd, 2013 01:39 AM
Drawdown & Position Sizing Account Allocation dgresens Psychology and Money Management 7 February 10th, 2012 11:07 AM
paper account real account interactive brokers Mehdi IB Trader Workstation 15 January 6th, 2012 11:16 AM


All times are GMT -4. The time now is 05:57 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts