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RT's,
Iam a very short term scalping type Index trader currently trading
with an online brokerage only been with them two weeks. My account size
is 8K. I want to be able to trade Dow contracts but they require a 5
lot order. No one lots. They charge $15 a turn on mini's. So if you
want to do 2or3 contracts at a time and go in and out 3-5 times per
session commissions become the killer running between $100 - $225 per
day. Thats too much daily overhead. Then of coarse you can trade the
regular SPX for $20 a turn but you have too risk around $500 to use a
2pt. stop and thats 6-7% of your account equity. Its hard to trade in
an emotionally grounded clear fashion risking this much on each trade.
I know there's Timber Hill but no Dow or SPX capability e-mini's only.
Any of you veteran traders out there got any ideas???
Greatly Appreciated..........Ron
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