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Re: Need advice on risk/reward!
Very true in regards to the multiple contracts. I spent one month paper trading 3 contracts, letting one contract run and taking profits with two. I had much better results with a lot less stress. If I am understanding the initial leverage requirements of the YM correctly, I could technically trade 3 contracts with a $10K account?? The risk of a margin call would be higher but I am not too concerned since I always have a hard stop in place when I make trades. As well each bad trade would be 1.5% loss to the account but like you say the difficulty difference between 30 points with 1 contract and 10 with 3 would be worth allowing that risk imo.
Thanks for your help brownsfan.
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