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Gits (Hooglede) Belgium
Legendary Market Wizard
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
Posts: 3,003 since Sep 2013
Thanks Given: 2,442
Thanks Received: 5,863
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An account with minimum money = undercaptalization = receipy for account blow-up.
As a general rule of thumb, one trade should not be able to create a loss of more than 2%.
If you make a 1 lot trade and you have a 10 tick stop, depending on the instrument you trade
that will be 50$ to 125$, which brings you to 2500$ or 6250$
a 10 tick stop is a very tight stop, if you take a 20 tick stop, that would already bring you to
5000$ or 12500$
I know this answer is not the silver bullet to your question, but it allows you to 'think' around
your question and make sure, you don't start trading with the bare minimum requirements of
the brokers.
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