AW: Ideas on a money mgmt strategy

["VK" <volker@xxxxxxxxxxxxxx>]

Personally I would not trade at all with this amount of starting capital. If
you still insist I would use MaxRiskPercent, which defines the contract size
by the relation between your overall cash and the stop loss. Don’t forget to
test it first. 

Regards,
 
Volker Knapp
(www.wealth-lab.com)
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Von: smh1@xxxxxxxxxxx [mailto:smh1@xxxxxxxxxxx] 
Gesendet: Tuesday, December 14, 2004 7:45 PM
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Betreff: Ideas on a money mgmt strategy

Hello all...
   In the new year I'm planning to daytrade a basket of around 6 or 7 
different e-mini contracts (e-mini S&P, e-mini Nasdaq, etc.). My 
starting capital will be around US$30,000 and I'm just wondering 
what sort of money management/position sizing strategy would be 
optimal (and keep me out of "ruination").
   Should I allocate a similar dollar amount evenly to each of my 7 
instruments and treat each individually, or should I treat them all as 
one singular 'basket?. It's a toughie. Any input would be most 
appreciated!

Cheers
   Shawn