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Having spent a year 'fiddling about', trying to learn about the futures
markets from nothing and doing some testing work with Tradestation, I'd like
to focus my work better right now.
Recognising that most people lose their risk capital in the futures market,
I want to start with a very small stake (maybe $3,000). Yes, I know it gives
me almost no chance to survive, but I figure better to make my early
mistakes trading very small.
My question is, which market(s) should I focus on with such a small stake. I
think I will need to set very low hard dollar stops (say, no more than
$500), so I can't trade markets that are likely to stop me out on the day of
trade simply because the tick value is too great. Similarly, margins will
need to be low.
Should I focus on the Midam markets (can't find continuous contract data for
these though) or lower value CBOT etc markets (Oats maybe?).
Your thoughts and recommendations would be greatly appreciated.
Thanks
Jerry
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