Registered: May 2012
08-09-12 11:59 PM
yeah, simple solution, day trade the ES until you are over $25k. sounds more like,"out of the frying pan, into the fire." not saying you can't make $50 in 50 seconds, (or loose it just as fast) trading the ES, but, why be 'forced' into something new and high leveraged because of a mistake already made.
perhaps you could look at the lock out as a guaranteed, risk-free, 0% loss (including commissions!) for 90 days. hell, you will probably out perform 80% of the hedge funds over the next 3 months, with such non-negative returns as that.
at least look into the smaller contracts for day trading the daily index moves, like the NQ, or maybe try mini currency contracts M6A, M6E, trying to catch larger moves over a couple days, rather than a crash course in learning to scalp ES point by point. if you feel good after getting your feet wet with futures, you can always scale up after success, rather than having to scale down, because of failure.
make it a mission to survive the 90 days, and still come out ahead, "one day at a time." ha! good luck. bummer about the PTD ding, but quite the trader's tale (and lesson), for $39.