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I’m 38 yo and I’m trading for the last 15 years. I’m only new to futures in the US. I traded stocks and futures in Brazil and options in the US. I don’t trade for a living (don’t need it anymore). It’s just a profitable hobby for me.
Margins are significanty higher with TD, around 7k for 1 contract of /ES. Seriously doubt he is trading 20 contracts with 75k account unless he has a special foreign deal
Go figure it is $3,720 for /CL , that would be right around 75k with no heat
Volatility is good for the market and trading.
Preservation of capital is the most important concept for those who want to stay in the trading game for the long haul. - Van Tharp
$3600 per contract up to 20 contracts, and I renegotiated my commissions this month ($1.25 per contract). Now I maintain a 100k margin account (cash). Every month I withdraw the excess. But I’m surprised with all this discussion. 20 contracts is not institutional volume. And I know the risk I’m taking (the losses are big too, but in average I’m profitable).
This is the first time I maintain a trading journal. And I’m enjoying doing it. Writing in English is a challenge for me and interacting with people around the world is fascinating.
But I know I made a mistake. From now on I will not show my PnL and volume traded (I did at first because it seems everybody does), just entry/exit point and trade logic.
Dude... do you even know the meaning of trolling? Who in this thread is really trolling? The guy said nothing to you. Why use vulgar language. You say you have 30 years trading experience. But you lack the basic common decency. If you don’t like the content or don’t have anything nice to say then stay away!
Brother, don't let some scum influence you. Do what you think is right. We are all here to learn from each other and encourage one another to do the best.
I quite enjoy your journal, please keep posting. If it works for you, it works.
Could you elaborate on point 3 below? If the market is random, how can you make profits?
Cheers,
Alex
PS: Visited Sao Paolo a couple of years ago. Love the city, the people, the smells, the sounds, the vibrant atmosphere. Hope I can go back one day.