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Louis,
Yes, you should have more. I was very lucky when I
started with $5000. Since I trade gold futures, I need $2400 deposit per
contract. Therefore, one large loss of $3000 and I wouldn't have enough to buy
another contract. With my trading program, I had a backtest downdraw of over
$9000. I was using EOD stats and trading. I would never let that happen. I like
to have at least $10000 per contract traded. Now, I am trading 2 contracts with
$36000 in my account.
I have only traded Gold and Silver contracts so I
don't know about others. I only traded a Silver a few times. Gold is very
volatile with swings of $20 in an hour occuring too often.
Tom
----- Original Message -----
Sent: Friday, August 01, 2008 5:24
PM
Subject: Re: [amibroker] Futures or
stocks?
Hi, You are right; I forgot Forex in my
choices. Ton: You said you started with 5000$; that was enough for
trading future.. I read somewhere that one needed more money for futures than
for stocks. Is it right? Thanks, Louis 2008/8/1 <professor@xxxxxxxxx1.biz>
Louis,
I would say that futures are the most
profitable, but they are also very volatile. With futures, that anything
under 15 minutes gets you too many trades in and out of the market. I like
to use longer time frames. I am not very experienced in futures, but I have
made and lost a lot of money. However, in all my futures trading over
the last 2 years, I have more than quadrupled my investment. See my post
under your last post "Anyone actually making
money? ".
I am looking at forex, but I don't know
anything about it. I would just stick with gold futures, but I think that if
I start trading more than 5 contracts, it may cause a problem because I only
have a trading window of one minute on each of my 3 trading
periods.
Tom
----- Original Message -----
Sent:
Friday, August 01, 2008 2:51 PM
Subject:
[amibroker] Futures or stocks?
Hi group,
The last thread which I started really
helped me to realize a lot of things, one of them is that Brian is right
when he says I am sipping the soup on a lot of tables but never stay for
the meal.
I'd like change that.
I would like to concentrate
on a particular kind of market (actions or futures) and a particular
timeframe (1-minute, 5-minute, 15-minute, 1-hour, daily,etc).
I
know I may get zillions of different responses, but what do you consider
to be the more promising?
I've read that more and more people
consider futures are the future (haha!) because of the high volatility and
trading opportunities. Is this true? If yes, how much money do
I need to trade them? I've heard you need a lot! And do I need
to be there watching for 24 hours a day? And what about stocks and
ETF? I'd like to read some people opinion about what they
consider to be the most promising way...
Of course, I won't start
threads like this every two days! ;-) I'm just really
thinking about this all and am tired to switch markets, timeframe,
strategies, plans, all the time. I'd like to choose something and
stay with it. But I want to choose what's most
promising!
Thanks!
Louis
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