Seems impossible to daytrade full-time for a living trading only 1 ES, YM or NQ contract. You agree? You must trade more than 1 contract...agree?
surely it depends how good you are? A good trader would be able to make about $350 per day trading one ES contract, no? That amount of money would certainly do me!!
That depends greatly on the amount of money you need to cover your monthly expenses and your own personal definition of trading for a living. For example, a trader that still lives home with his parents and is debt free probably will have an easier time in trading for a living in comparison to another trader that has a mortgage and family to support. Mark
Why do you care about being able to trade full time....you are the President and CEO of a Non-Profit Organization. http://www.elitetrader.com/vb/showthread.php?s=&threadid=213502&perpage=6&pagenumber=112 http://www.elitetrader.com/vb/showthread.php?s=&threadid=213502&perpage=6&pagenumber=113
7 points a day on one contract would be very good. Especially with the ranges for the past few weeks. One contract should be a starting level, and not counted on for making much day in and day out, but rather for learning and slowly conservatively building to another contract.