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I am seeing that WTI crude oil (CL) has a reportable contracts limit at 25 contracts. Is this something to be concerned about? Should I keep my trading to 24 contracts? What happens at 25 contracts and beyond? Is there anything I have to do, or is it just something the broker does? I eventually would like to trade hundreds of contracts possibly, but I don't know how the reporting limit works. Can someone explain this. What happens when you are reported?
Can you help answer these questions from other members on NexusFi?
I've heard rumors that slippage is a factor as you increase contracts on the S&P 500 Eminis, is there a level where that starts to affect my trades? 50 contracts? 75 contracts? And is there a level where I should start to look into other …
It's not for CL but it deals with the situation of people anticipating to trade a significantly high number of contracts which are likely not yet ready for.
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518
I mean no disrespect .... but I feel you are getting way, Way, WAY ahead of yourself with this question.
If in fact you are just starting out in trading, meaning... you've been at it a year or two.... IMHO direct your energies ...at best: to the development of your probability mind set... and at worst: copying trades in one of the many trade rooms the internet abounds with.
Seek to understand yourself better.
Your beliefs about:
work
money
RISK
greed
fear
generosity
patience
boredom
distractions
wealth
rich people
This is a short list to get you started.
You might be thinking...."wow trading is so cool but this guys belief crap is not for me... I want to focus on the awesome part of trading.......Huge Size and Huge Profits!!!!".
Well trading is cool to be sure. I can absolutely guarantee the above is a great start to the quickest route to consistent trading profits.
I only wish I had someone telling me this when I started out....heck maybe I did....who knows.... I only read the cool stuff.
Ron
...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
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)
