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I do not trade options so I can not provide you an exact answer. But when trading emini futures contracts I recommend $10,000 per contract. One thing you want to avoid is taking more risk than your trading capital. Most traders lose because they are undercapitalized.
Also, the amount of starting capital depends on your trading skill. A professional trader can make money of a $10,000 account. However, a new trader will need enough capital to survive the steep learning curve. I usually tell new traders to have approx $30,000 - $40,000 risk capital available. First I will recommend new traders to study the market they are trying to trade. If it is the emini, I believe it is alot easier to trade in quarter lots than single-lots. Why? Trading 4 contracts allows you to scale out to minimize risk while you can not trading 1-lot.
Let me explain: In the index futures, there are many times where the contract moves 10 dow points in your favor just to reverse and stop you out for a -10 point trade. When trading 4-lots, by scaling out half at +10 points you have eliminated risk for the other half position. Your only loss is a commission loss.
I hope this helps and good luck with your journey.
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James Lee
TradersLaboratory.com
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