Disliked{quote} Sorry...noob here again :-) With 25K starting capital, you are trading 8 contracts per trade usibg only $4000 in used margin. Assuming you are a day trader with no overnight positions, why do you have so much capital with your broker? How much is your per trade % risk? Also, have you looked into these guys for cost comparison... https://www.tradovate.com/pricing/ Unlimited Commission free trades for $199/month is far less than what you would pay in a yearIgnored
I dont know about everybody else, but i do have losing trades
look into my streams, sometimes i can have 3-4 consecutive losses. with 20k, i have a max tick buffer of 500 ticks ($40/tick at 8 contracts). I've only traded NQ for few months, and i've seen +500 tick days. I'm just allowing myself enough room for fuck ups before i reach the blow up level. the more buffer the better. it's not wasteful, it's SURVIVAL!
and yes i've looked into tradovate, and my apprehension about switching. simple keyword search in this thread
here (https://www.forexfactory.com/showthread.php?p=11432559#post11432559)
here (https://www.forexfactory.com/showthread.php?p=11476686#post11476686)
and here (https://www.forexfactory.com/showthread.php?p=11505727#post11505727) (come on man, you missed this?...i thought you were detail oriented?...j/k)
Disliked{quote} you're correct, 8 contracts is only $4000 in margin. That gives me about $20k in unused margin. I dont know about everybody else, but i do have losing trades look into my streams, sometimes i can have 3-4 consecutive losses. with 20k, i have a max tick buffer of 500 ticks ($40/tick at 8 contracts). I've only traded NQ for few months, and i've seen +500 tick days. I'm just allowing myself enough room for fuck ups before i reach the blow up level. the more buffer the better. it's not wasteful, it's SURVIVAL! and yes i've looked...Ignored
Think about it, FREE TRADES after $200? Like i'm already hitting +$500 in just a week, and i'm not even a big trader. my gut tells me to stay away
even with amp's yearly fee (https://portal.ampclearing.com/account/commissionquote.aspx), gives you REDUCTION in fees, so they're still getting a cut if you keep trading. that signals they want pro traders..
the more i look into tradovate..the more suspicious i get. no such thing as free in this business people. you pay it in other ways..
Working towards CME membership
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