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this is for cme -reguarding leverage -test this on a sim that does not shut down over night-
why leverage kills all traders using multiple contracts-time posted 8:43est
using the june contracts -
go short 1 contract at 1356.50-
now allow the trade to run against you on purpose for at least
you saw in yesturdays action -
we had our 1 contract short from 1356.50 go against us as planned
we then added 8 at 1364.50 -
we now have 9 contracts short from our 1363.61 ave
we took approx 5 points of heat or 2250 dollars of mental pressure
you saw in yesturdays action a p/b to the 1363 support line ,
which at that time we could have reduced our position by 8 contracts -
leaving 1 contract short from 1364.50 -
i decided not to reduce-so will maintain all 9 from the 1363.61 ave -
at the weeks close we are in the red approx 1350.00 dollars