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I would stick to 1 contract of each max. with $300,000 of starting
capital. Use a dollar stop loss. You don't need to code the dollar
stop loss. It is really simple. When you broker statement arrives
and says $295,000 then you are stopped out for five years. This works
really well for me.
Jimmy
typo king
Tuesday, December 14, 2004, 12:44:54 PM, you wrote:
sec> Hello all...
sec> In the new year I'm planning to daytrade a basket of around 6 or 7
sec> different e-mini contracts (e-mini S&P, e-mini Nasdaq, etc.). My
sec> starting capital will be around US$30,000 and I'm just wondering
sec> what sort of money management/position sizing strategy would be
sec> optimal (and keep me out of "ruination").
sec> Should I allocate a similar dollar amount evenly to each of my 7
sec> instruments and treat each individually, or should I treat them all as
sec> one singular 'basket?. It's a toughie. Any input would be most
sec> appreciated!
sec> Cheers
sec> Shawn
--
Best regards,
Jimmy mailto:jhsnowden@xxxxxxxxxxxxx
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