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I hope that is a hypothetical question. The reason you are asking this question is probably that you don't have enough experience under your belt and you are already trading 50 contracts ? Do you know that 50 contracts controls about $3 million. A 1% move, which can easily happen in less than a couple hours given today's volatility, means a $30,000 swing in your account. And you are doing this from your car with a wireless card and a laptop ?
Well, you must be a very wealthy man. |
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I have a few bucks.
I'm very careful about my entries, and I look for small profits so my exposure is limited. I don't randomly scalp, I watch for very specific setups which will usually give me a minimum of 2 points... but I tend to get out early, a few ticks with 50 contracts is a nice profit. I had five good entry points today with my strategy, traded four of them for 2 ticks each... so a total of 2 points on the day.
And I should have clarified in my intro post about the laptop in the car - I'm home for the morning session, usually until about noon. I try not to trade the lunch hour, so I'm only doing the car thing during the last couple hours. And the trades that occur during this time tend to happen when I'm parked somewhere (but I'll admit, I
have done some at stoplights).