Here’s a recap of July 2012’s Atlas Line trades. These stats were compiled using data from the Recent Trades page. The results do not account for slippage, brokerage fees, trading platform fees, etc.
Atlas Line Trades for July 2012
Total # of trades = 65
Total # of days traded = 20
Total net profit or loss (using 10 contracts excl. fees) = +$15,625.00
Remember, past performance is not indicative of future results. There is substantial risk of loss in day trading.
Here’s a half hour presentation John conducted for the TradingPub community. Over 160 attendees witnessed John calling out the setups on his live charts. This presentation discusses the ATR (Average True Range) in great detail. Using this tool, you can base your stops on market activity instead of arbitrary values. John also discusses the entry and stop out rules for the Atlas Line trading software. Audience questions are answered. A review of recent trades are also shown.
I have a small account less than 5000. What do you recommend I should risk to trade
Hello Juan, I would be cautious and refer to your licensed broker for the correct margins on the markets you trade. Risk is very important as well as being well capitalized. Never trade with money you can’t afford to lose. Always try to trade with 2 or 3 times the amount of margin requirement. If you currently don’t have enough to trade its always best to stay on the side lines until you do. Having extra time to practice the methods taught is a good thing instead of rushing into trading. Again, your broker is always your best reference and guide when analyzing risk.
or Juan maybe scalping would be better for you than day trading. I scalped to build up my account. Check out John Pauls Tradescalper I really recommend it…
daytradetowin has a few recommended brokers you can call brokers and ask them what they suggest for you
day trading futures though should be done if you have money to trade dont risk something you dont have!