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LOL!
>>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<<
Jimbo, thought that would work for me as well.
Unfortunately, I made a profound realization that
DENIAL is stronger than either fear or greed!
Merry Christmas.
mike
--- Jimmy <jhsnowden@xxxxxxxxxxxxx> wrote:
> 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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