you should be starting at the other end.... how much will i lose on any given day? (AVG Loss, MAX Loss) How many consecutive days, weeks, months would I lose if I have a 50% win rate? You'll likely find you need a lot more than a 50k account to live off your trading. What about taxes, how will you withdraw money from the account, biweekly, end of each month, QTR, etc? How will tax laws, new trading laws, etc effect your ability to be a full-time self-funded trader?
highly highly unlikely. Every trader has a specific Risk of Ruin, based on their capitalization, experience, trade/portfolio/money management, edges, diversification, etc. Then there is commissions, taxes, bid/ask spread, fees and other costs of trading which eat away at any perceived profit. The real answer is, perhaps, as long as you are willing to lose everything in the not so distant future.
Last two comments echo my thoughts. The minute you start setting daily goals is when you start forcing trades in a bad environment. Some days, or weeks, you're better off going to the beach.
$15.00 to $25.00 dollars a day if you are very fortunate. Thats around a 10% return---- most daytraders don't make 10% per year, year after year.
lol oh please.. Very fortunate? Do you actually trade? Not invest, trade. I agree most don't succeed at it, but those who know the game and use leverage to their advantage can easily push bigger numbers than 300-400 a day. With a 50k account trading ES I can push 800 a day, and that's being conservative.
From my estimate: $800 a day, $200,000 a year. That's about 400% a year. Put tax aside, at 400% a year... year 2 you will get $800k. Year 3: $3.2 mil. Year 4: $13 million. Congratulations! Please don't forget us little people on ET.
If you can push $800 a day on 50K, I can't imagine what your bad days look like. You must be manic depressive by now.
Sigh.. You can see my reason for lack of posts. The account size is irrelevant to yearly %'s. If im trading 5 cars on ES, which I think is pretty comfortable for 50k, I'm using 277k to trade with (current price of ES 1109 X $50 a point = 55450 X 5 contracts = 277250). Gaining .005% on 277250 a day on that works out to 1386.5 a day. If you can't understand that or get results like that, you need to find another career.