[brownsfan019]

Gene,
You find yourself in a common dilemma of a new futures trader with a small account. In my opinion, there's not much you can do here. You either need to set a daily loss and profit target or not. Days when you are cooking, you'll want to trade all day. Days when you are not, you'll be happy for the loss in place.

It's hard to say when to stop on a $10k account trading the YM. I would suggest you need to gear yourself up for some large account swings b/c with a goal of a 1.5% return per day, you have some work cut out for you trading 1 contract.

Now, the other side of the coin is that if you want to make $150/day on the YM, you can trade 1 contract going for 30 pts or 2 contracts going for 15 or 3 going for 10, etc. etc. The point being that I think it's MUCH easier to get 10 points on 3 contracts vs. 30 pts on one. Just some food for thought. I realize you are 'risking' more in theory, but one could argue that you are actually risking more by trying to get 30 pts from 1 contract.