Trading123 Money Management

Trade 1 contract per $3000 in your account.

Look for $150 a day in profits per contract

This will generate $3000 a month in profits for 1 contract

Focus on being consistent in your profits, build your account slowly

After 90 days you have increased your account and profits

Then trade 2 contracts with daily goals of $300

This will generate $6000 a month in profits for 2 contracts

After 90 days you have once again increased your account and profits

So after 6 months trade 2 contracts with daily goals of $500

Do that for 3 months, this will increase your account and generate $10,000 a month in profits

After 9 months you can increase you contract size if you wish. You have to be comfortable with what your trading and be able to handle the risk. Go for daily profit of $1000 a day, which is $20,000 a month

Maintain these daily and monthly goals for long term returns