I signed up for an account with one of these brokerages, Zaner and funded it with $5000.
My plan:
- Test for a week using just 1 contract ($12.50 per tick), with a goal of making a quick $100 every day.
- If that works, try it with 9 contracts, making a quick $900 or $1000 every day.
- Get out if the trade goes $50 or $60 (this week) or $500 or $600 (next week and beyond) the wrong way and try again later in the day.
- Continue work on a trading algorithm in the meantime
So far:
I just started this today, making $90.12 ($100 minus $9.88 round trip commissions & fees). P&L was just over $100 but it ticked down just as I was clicking the 'close' button.
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