[enochbenjamin]

My daughter had a snow day today (again), and she had a blast clicking chart trader buttons as I was shouting "Buy Market" "Sell Market" "close" "reverse" (It was all I could do to get my own orders off - between CL's fluctuations above and below 78.83 and the two of us laughing so hard I had tears in my eyes and I could neither stand nor sit in my chair.

Classic!

I always make money when my boys are home during the day because they see the painfully obvious. Dad - why are you selling when the chart is going up? Shouldn't you be buying?

But I am way to nervous to actually let them hit the buttons...

[Dinerotrader]

Originally Posted by enochbenjamin »

I for one subscribe to the philosophy of the late George Lane (father of Stochastic) that you should never give 1 broker more than $5000 at a time. If you are trading 1 or 2 lots 5k is plenty and when you make profits withdraw regularly. If your starting with 15k open 3 separate accounts and only trade 1 at a time.

Just my 2¢

Margin for oil and natural gas is about $3,000 a piece on OEC.

I only trade 1 lot at a time but I want to make sure I am okay with margin if I end up needing a trade on natural gas and oil at the same time with other possible order sitting on the DOM. I am not sure if OEC requires you to have double the margin if you have 2 orders on the DOM, like a buy stop and sell stop on either side of a channel. I'll have to find this out.

[thalestrader]

Originally Posted by enochbenjamin »

I for one subscribe to the philosophy of the late George Lane (father of Stochastic) that you should never give 1 broker more than $5000 at a time. If you are trading 1 or 2 lots 5k is plenty and when you make profits withdraw regularly. If your starting with 15k open 3 separate accounts and only trade 1 at a time.

Just my 2¢

I think one 5K account is plenty to start. I have a freind who for years has started each month with 8K in his account, He withdraws everything above 8K on the last day of the month. His monthly loss limit is 6K. If he is ever down 6K, he has his broker set up to shut him down until the first of the following month and only after he refunds his account up to 8K.

He routinely makes 8-24K each month. And he starts the month trading 3 lots, not a fully levered 16.

Best Wishes,

Thales

[JEHs]

I managed to put together a profitable week...

[Dinerotrader]

SIM
+$750





Good day especially considering the tight ranges of all the swings on oil. I was taking a quick look at GNG and noticed it was setting up to be a great breakdown but by the time I was getting my trade entry setup, it already started breaking so I only got a small piece.
Missed the first 45 minutes of trading today because something was wrong with my platform's futures feed. I'm okay with 15 trades especially on such a choppy day.

[sappjason]

I posted this on the wrong thread earlier in the day. Sorry. +$271, but a very choppy, churn day for me.


Jason

[enochbenjamin]

Originally Posted by sappjason »

I posted this on the wrong thread earlier in the day. Sorry. +$271, but a very choppy, churn day for me.


Jason

I did as well. How'd that happen? Anyway - +162.50

[Dinerotrader]

SIM
+$534





Too many trades today. Got a nice breakdown on my first trade and a nice breakup on my last trade of tha day and many breakeven trades in between. Had to take quite a few breakeven trades on setups that looked reasonable.
So far so good this week.