Systems, Strategies and Resources for Trading Futures Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Atin who wrote (42324)	12/16/2000 10:48:55 AM
From: Patrick Slevin	Read Replies (1) of 44573

How the heck did you lose $5K on 4 trades in mini contracts? Let's see, the machine would keep your margin at 6, say, ES contracts with a $50K bank most likely. So on each trade if you had 5 contracts for sake of argument you lost $1250 on average so each contract lost you $250. 5 points. My guess is that you were beating a dead horse. What were you trying to do, go Long? One thing, you probably should not try to trade both markets simultaneously. If you win you may just be lucky and that's not good practice I would think. Besides, losing $5,000 real quick is pretty bad when you consider it's 10% of your capital. You may want to scrounge around Amazon, Barnes & Noble, Trader's Press for a slim book on Risk Management.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next