I was never told about a NASD rule about pattern day trading. I had an account under 25,000 and was trading under the radar for a while. Once I got good I applied more trades and violated a rule I did not know existed (more than 4 trades in 3 days I believe), so my account was frozen for trading stocks. The most hypocritical thing is that I did not use leverage or margin for stock trading yet they froze it because it was under 25k. Funny how I can literally open 5 lots of ES or CL tomorrow on a 5k account leveraged to the gills and they allow that. What a joke. :'(
UHHHHHH another one of these!<O></O> <O></O> How dare you waste my time, I am a disabled troglodyte cpu jockey that has read every thread on here, how dare you make an inquiry that is superficially similar yet totally different fundamentally and principally to another thread. <O></O> <O></O> Probably just some gambler. Trading is not gambling ha ha<O></O> <O></O> I never said futures was easy or a path to quick riches. I said I have a good trading track record with equities, a good strategy, plan, discipline, and risk management.<O></O> <O></O> I realistically asked if it was even possible to trade futures with a small account and pull out 3 to 5 hundred dollars a week. If these types of returns were possible and what possible returns for day trading in the futures market are. <O></O> Some of you people are just way to weird with your attitudes. Imagine if you people had real power instead of cpu anonymity, now that would be scary.
How far in life has the âborn to loseâ tattoo on your forehead brought you?<?xml:namespace prefix = o ns = "urn:schemas-microsoft-comfficeffice" /><o></o>
I am sure a few extremely lucky traders could make 20K or 30K a day during a few days (2 or 3 at most), with a 20-50K account. But believing that it is possible to get that kind of return on a consistent basis is insane.
I don't understand. You are the OP of this thread asking if $500/wk is possible trading futures with a 2K account. And now you discredit, mock, and criticize the aspect that allows such possibility. :'( Of course it's possible to generate $500/wk trading futures with a 2K account. It's 5% a day ON AVERAGE of the original account value with no consideration for outsized, below average, or losing days nor consideration for fluctuations in the account balance before or after gains, loses, or withdraws. âBecause a thing seems difficult for you, do not think it impossible for anyone else to accomplish.â ~Marcus Aurelius
You don't need advice. Just do it, screen capture, and report back with your results. In fact, please, you should trade futures for 10 years in order to compound your wealth with futures like the way Michael Marcus or Bruce Kovner did in their early years according to Market Wizards, every trader's semi-Bible. If you put forth great effort, maybe, just maybe, you'll be among the 1% to 2% of successful futures traders. Incidentally, yes, I was a losing futures trader speaking from many years experience. By the way, Marcus was a futures trading legend from making 100% per annum, which averages 2% per week, non-compounded. And you want to make 25% per week? Delusional.
How old are you? <O></O> Why do so many of you have learning disabilities? <O></O> I could literally scream right now! <O></O> You really donât understand the point I was making!??! You really DO NOT UNDERSTAND!??! <O></O> That I was showing the utter hypocrisy of NASD rules where my account was frozen for trading stocks because I was considered undercapitalized and thus it was too risky for me to trade even though all my positions were fully capitalized and I did not use margin or leverage. <O></O> Yet I can day trade futures which are the epitome of maximum leverage and risk with a fraction of the capitalization. <O></O> Do you see the hypocrisy of not being allowed to day trade stocks even though I didnât use leverage because it was considered too risky for me? Yet I can day trade futures with a fraction of the capital and maximize leverage and maximize risk. I hope you see the hypocrisy. <O></O> Oh fyi, you are quoting a stoic Roman emperor on meritocracy whose book Meditations was about cyclical fatalism and fulfilling the roles that we were born into stoically. Quite the inverse of a philosophical disposition of an internal locus control where skills and achievement are earned. More of an external locus of control where position and aptitude are born into. <O></O> But hey I donât want to spoil your fun as you pretend to be a pseudo intellectual well versed in the classics of antiquity.