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$100,000 account?

  • #1
  • First Post: Nov 15, 2007 6:53pm Nov 15, 2007 6:53pm
A simple question...

Would you trade a $100,000 account the same as a $10,000 account?
History is written by the victors.
  • #2
  • Nov 15, 2007 7:09pm Nov 15, 2007 7:09pm
I think a lot would depend on how big a chunk 100k is of your net worth.
  • #3
  • Nov 15, 2007 8:06pm Nov 15, 2007 8:06pm
Quoting Money-RX
A simple question...

Would you trade a $100,000 account the same as a $10,000 account?
% are % and your MM rules shouldn't chage, well I know mine wouldn't
  • #4
  • Nov 15, 2007 8:13pm Nov 15, 2007 8:13pm
I'm w/Turbo...if you are an experienced trader w/a profitable edge that has been proven over time, the 100K account would be traded exactly like the 10K (same MM rules -- 1-2% per trade w/ max X% (between 8-10 depending on individual) spread between all open positions.

If we are talking about my first live account, I wouldn't trade either of these amounts.
  • #5
  • Nov 15, 2007 8:15pm Nov 15, 2007 8:15pm
Quoting peterM
I think a lot would depend on how big a chunk 100k is of your net worth.
Ahhh...Interesting reply! Wouldn't this apply to the psychological aspect of trading? If it is a significant part of my net worth, would I be more fearful and thus trade differently? Nice thinking post PeterM!
  • #6
  • Nov 15, 2007 10:13pm Nov 15, 2007 10:13pm
if you only ever traded a 10k account and suddenly you won the lottery perhaps and added another 90k then i would be more conservative with more money.

If you built up your account then that's no problem. same mm. same strategy.
  • #7
  • Nov 15, 2007 10:14pm Nov 15, 2007 10:14pm
Quoting Money-RX
A simple question...

Would you trade a $100,000 account the same as a $10,000 account?
The only difference I see in trading biger accounts is T/F. With biger account you don't have to sweat small stuff. Also, somehow bigger time frames are easier to read and more profitable for a technical trader.
  • #8
  • Nov 15, 2007 10:16pm Nov 15, 2007 10:16pm
Quoting lietuve
The only difference I see in trading biger accounts is T/F. With biger account you don't have to sweat small stuff. Also, somehow bigger time frames are easier to read and more profitable for a technical trader.
I don't see how the size of the account has to do w/ any thing you just mentioned like I said % are %.
  • #9
  • Nov 15, 2007 10:44pm Nov 15, 2007 10:44pm
Quoting Money-RX
A simple question...

Would you trade a $100,000 account the same as a $10,000 account?
If I were a multi-millionaire and don't really care if I blew that up, I would trade aggresively

But if it was the money that I have saved for 10 or 20 years, I would trade very cafefully and trade small amount at a time
When I buy it, it moves down. When I sell it, it moves up.
  • #10
  • Nov 15, 2007 10:59pm Nov 15, 2007 10:59pm
I posed the question because my trading vastly improved as the account increased and i was able to trade larger lots. I definitely take a closer look at the setups and manage the trades better.

I was wondering if anyone has had that experience going from trading 1 lot to maybe 10 lots.

For example i shorted GBY/JPY early this morning and am still in the trade .
So right now I'm looking at over couple hundred pips profit.
So instead of $7-8 a pip would i still be in the trade if it was $70 -80 a pip?

As easy as that trade was, i think i would have cashed out at 50 - 100 pips.
History is written by the victors.
  • #11
  • Nov 16, 2007 5:54am Nov 16, 2007 5:54am
Quoting pips4uandme
Ahhh...Interesting reply! Wouldn't this apply to the psychological aspect of trading? If it is a significant part of my net worth, would I be more fearful and thus trade differently? Nice thinking post PeterM!
If my life savings was $100k, I might want to risk less per trade if I was trading 100k rather than 10k. Same MM rules and everything, just less risk per trade so it is more conservative. I always look at the worst case scenario when trading, so I never risk more than I am comfortable with.
  • #12
  • Nov 16, 2007 7:02am Nov 16, 2007 7:02am
Quoting Money-RX
I posed the question because my trading vastly improved as the account increased and i was able to trade larger lots. I definitely take a closer look at the setups and manage the trades better.

I was wondering if anyone has had that experience going from trading 1 lot to maybe 10 lots.

For example i shorted GBY/JPY early this morning and am still in the trade .
So right now I'm looking at over couple hundred pips profit.
So instead of $7-8 a pip would i still be in the trade if it was $70 -80 a pip?

As easy as that trade was, i think i would have cashed out at 50 - 100 pips.
I agree with you. Many traders start under capitalized and the odds are against them greatly. When your account increases in amount, things change. You can always think of a $1000 stop loss as a normal thing, you can always think of bigger time frames, you can always think of scaling in and out of positions and so on.

However, in my opinion, it's not the $100,000 account, it's more or less a $500,000 account.


Thanks,

Nader
  • #13
  • Nov 16, 2007 10:16am Nov 16, 2007 10:16am
Quoting pujolshomerun
If I were a multi-millionaire and don't really care if I blew that up, I would trade aggresively
This is called gambling not trading
  • #14
  • Last Post: Nov 18, 2007 4:06pm Nov 18, 2007 4:06pm
Quoting turbokaos
I don't see how the size of the account has to do w/ any thing you just mentioned like I said % are %.
The way I see it is different. It is more about probabilities than percentages. I don't remember who said this here in FF that "Basically your risk of being stopped out of a trade decreasses, and potential gain increase as you trade longer T/F".
My personal experience proved that to be true. Also trading small t/f is more time consuming 'cause you have to monitor your trades or look for trading opportunities approx 11 hrs/day, so even if gains would be the same, the work that I do for the same profit is much bigger.
Quality of life is also a gain, isn't it?

Good luck.
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