6 matching records.
Yes, the speaker acknowledges that they have experienced this situation with their large accounts.
The speaker suggests staying with micros for accounts under $15,000, as they provide a good balance between risk and reward. They recommend moving to minis and options on minis once the trader has proven their concept and is ready to scale.
The speaker prefers BIL over ESG due to lower fees and suggests using about 85-95% of the $100,000 account.
You shouldn't have your entire account wrapped in futures because you could get liquidated. If you have a $30,000 account, you're not trading ES, you're looking to trade me, which is a tenth of the size.
The speaker suggests starting with lower-priced stocks and using a small percentage of account capital to test the waters. They emphasize the importance of careful management to avoid overexposure and loss of diversification. They also mention that undefined risk trades offer a higher probability of profit but require careful execution.
The speaker suggests that splitting an account into multiple accounts is not necessary unless it helps with organization and clarity for the trader. They argue that managing multiple accounts can be more complex and that the performance of the account is not significantly improved by splitting it. The speaker also mentions that it's not advisable to expect higher returns by splitting the account into multiple parts.