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I don't think $2,000 is anywhere close to what is needed to fund a new
business trading any futures contract for a living, no matter how small and
how good the system! I would suggest $25,000 as an absolute minimum and I
wouldn't recommend trying it with less than $100,000. The numbers of wanna
be traders who turn $2,000 into a living trading the futures market can be
counted on the fingernail of your right pinky ... about the same odds as in
any other grossly under-funded business!
Earl
----- Original Message -----
From: "Sean Cassidy" <scassidy@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, October 12, 2003 11:59 AM
Subject: [RT] OK....which market???
Since there appears to be a consensus out there that the S&P is a very
difficult market to trade, and we all know what not to do, could I get an
idea what is exactly the best market to trade?
I am working for a company that has just been bought and may be losing my
job in a few days. I have very limited cash to do this, probably about $2000
What has been frustrateing me is that I have a trading mentor who is using
the best most accurate method I have ever seen.It has an 80% win rate or so
and uses a 1 point stop on the S&P (yes, 1 point). It is a very subtle
method that uses boliinger bands and multiple time frame analysis.
Again with such limited capital, I am looking for opinions as to which is
the most "tradeable", consistent market to trade.
SMC
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