by Gavin M.
I won't explain this very much since it's pretty self-explanatory. I set aside $15k of my money to test this BTFD theory. Each dip I see, I will buy and see how it goes. So far, I'm green for the last 6 trading days. I have no plans of replenishing this $15k if it will be consumed by losses. I wire out profits I gain each time they are settled.
I always only trade with $15k and this affords me a max of 3 contracts. I DO NOT USE margin to buy more contracts. I trade only with the cash I have even when I am on a margin account.
Benefits of Trading FUTURES:
1. Open 24 hours, 5 days a week
2. No research, no stock reports, no bullsh*t rumors to worry about
3. No Pattern Day Trader Rules
4. Did you read the part about no PDT?
5. Tight spreads - 0.25 spreads ALWAYS - no fluctuations
6. Did you read the part about no PDT?
If you want to learn about how to trade ES, we have a quick 10-hour class for $1000. Ask us for more info!
Traders from Equity Sense will be writing on this blog on positions and other market-related things.