Systems, Strategies and Resources for Trading Futures Message Board

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

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To: CatLady who wrote (15782)	2/17/1999 10:40:00 PM
From: SE	Read Replies (1) of 44573

Wow...difficult questions that require some hard thought answers. I think I will start (oopss...Tom beat me to it!) and let the others on the thread with more experience offer what they can as well. 1. How much $ is required to trade the e-mini? A practical minimum so the first drawdown doesn't wipe me out? I think this depends somewhat on your trading style and the drawdowns your system undergoes. The minimum margin is $4,125. I believe you can cut that in half for day trades. I think if you look at your methodology and determine the maximum consecutive drawdown, add that to the $4,125, kick in a couple thousand for extra and you should be OK. That is not to say your mental state would be OK however. This is a tough business to do if you are undercapitalized. Trust me on this, I know. :) 2. What should I read to learn about futures? This could take a book to suggest readings. There is the Linda Rashke website that has some good stuff on futures and SPOOS. mrci.com The market wizard books are good. There are really a host of good books. I think most of what you would want to know could be offered by many on this thread as well. There is the link from Pat's profile that has all sorts of web sites as well. smotass.net 3. Are there online brokers with cheap commissions? I use Zap Futures and like them very much, but they are a bit more expensive than some others. Some others are linked from this site. sonic.net farrfutures.com pmbinc.com zapfutures.com Good Luck and ask away...... -Scott

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