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Looking for TF traders: what max # of contracts do you feel comfortable trading?
I was trading TF regularly a few months ago and whenever my stop orders were hit, about 50% of the time there were some slippage, and the worst slippage was 4 ticks. And I was only trading one contract.
Can you help answer these questions from other members on NexusFi?
It's a starting point in terms of thought and a way to measure leverage.
You need a reference point to start from, not one to go exactly by...that's all.
Once can increase based on experience, volatility and method.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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Trading: Emini ES, Emini RTY (TF), Crude CL, Eurex DAX, Euronext CAC40, EuroFX 6E, and Hang Seng HSI
Posts: 47 since Mar 2011
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For me...no more than 6 contracts in normal or high volatility price action. In contrast, I'm on the low end (1 - 2 contracts) in low volatility price actions. I've been using this position size management for many years now while trading the Russell 2000 Emini TF futures.
Also, the word I keyed in on was "comfortable" (psychological element). This just because money management or account size dictates someone can trade more doesn't implied a trader should do such. Also, I've seen too often traders lose their discipline when increasing their position size even though they have not violated any money management or position size management rules.
Did you experience 4 ticks of slippage one time, or was this a reoccurring issue? Did it happen outside of RTH? I haven't heard of 4 ticks slippage in the TF with only one contract.