[subterfuge]

+86

tough day again for me. Still, green is green i guess.

[brownsfan019]

1-7-10: +$510.00

Missed a few nice ones on oil. I was a little preoccupied with stuff breaking around here (when it rain it pours) and lost concentration.

[method]

Intraday short turned out to be an overnight one. The market looks surprisingly dull. It's either going to make a huge downward move or shoot straight up. It's just calm before the storm methinks

returned about 45 euros on the dax.



btw for some reason I have two accounts on this forum- eric341 & this one. I'll be using this one from now onwards

[brownsfan019]

Originally Posted by eric341 »

So BF are you still working from a capital base of 10k? I thought you would size up about by 5 times since you returned about 500% last year :P

I'm just leaving it at 1-2 contracts being traded for purposes here. I thought about doing some adjustments but I just don't have the time right now to do it the right way.

Whatever you see me post, you can just multiple good or bad on how many contracts you might be trading if you were mimicking my results. For example, a 10 lot account would have made $5k today.

[Dinerotrader]

Originally Posted by brownsfan019 »

I'm just leaving it at 1-2 contracts being traded for purposes here. I thought about doing some adjustments but I just don't have the time right now to do it the right way.

Whatever you see me post, you can just multiple good or bad on how many contracts you might be trading if you were mimicking my results. For example, a 10 lot account would have made $5k today.

If you wouldn't mind sharing your experience with the various futures you trade, what is the largest lot amount you think you could trade on the following futures without having to conceal your trading size from others or without moving the price. In other words, how large can my lot size be on these futures and still trade them like I trade a 1 lot size?

Oil
Soybeans
Russel
ES
6E

I was considering this today and thought I was a bit out of my league in trying to make a good educated guess. Is there some sort of rule of thumb you can use related to daily volume?

[edabreu]

Caught some good moves today.

[gooni]

Originally Posted by method »

Intraday short turned out to be an overnight one. The market looks surprisingly dull. It's either going to make a huge downward move or shoot straight up. It's just calm before the storm methinks

returned about 45 euros on the dax.



btw for some reason I have two accounts on this forum- eric341 & this one. I'll be using this one from now onwards

What's that you're trading there that moves 1 EUR for every point in the DAX? Looks good!

[brownsfan019]

Originally Posted by Dinerotrader »

If you wouldn't mind sharing your experience with the various futures you trade, what is the largest lot amount you think you could trade on the following futures without having to conceal your trading size from others or without moving the price. In other words, how large can my lot size be on these futures and still trade them like I trade a 1 lot size?

Oil
Soybeans
Russel
ES
6E

I was considering this today and thought I was a bit out of my league in trying to make a good educated guess. Is there some sort of rule of thumb you can use related to daily volume?

IMO the daily volume is only a part of the equation as that volume includes overnight trading. It also is a function of WHEN you are trading - if you trade during high volume times, then you can trade size accordingly. If you trade when it's slow and dead, you can't push too much.

During the high volume times, I think you could do the following:

Oil: 100
Soybeans: 50
Russel: 100-200
ES: 250-1000
6E: 100

And those are ballparks - so while I think you could trade a 100 in the CL, during high volume moves you could probably push that more.

Also this is a function of HOW you enter. If you are all-in at one price and one price only, then you might have to come down a bit on those numbers. But if you can stagger in, then I think you could do that. For example, if the goal is to get long 100 CL, you could buy 25 ct's @ 4 levels or send a mkt order for 25, wait, send a 15 lot order, then a 30, etc.

The good news is that you can literally make a good living trading 1-2 ct's if you wanted. I know it's nice to think about 50 or 100 lot orders but it is nice to know that you do not have to do that.