if thats what makes you a "solid" trader, then I've been one sense the day I started . Im my opinion, if you cant figure out or are just too lazy to care what your risk is for any given trade......just go to a casino - nathan
The answer to your question is no. You will not be able to make 300-500 a day with only $2500 in capital because of the pattern day trading rule.
well, except for the fact that futures and forex aren't subject to the pattern day trader rule, since that is SEC and thus does not apply not that it would be exactly "easy" to average that amount with a 3k futures account
r0r, funny that many on this board can prove u they make much more than 500bucks daytradin' stocks, while very few [no1 so far, but am willin' to speculate] has consistently made any money by tradin' only futs.
You have a better shot at doing that in futures like it was already mentioned. By the way, your profit targets are crazy and totally unrealistic, basically your asking for about 10% day! Impossible by anyone. With your account size you should trade no more then one contract ym or es and you should have a profit objective of $50/day. Hit that with some consistency then move on.
Can you share how you prepared? I have a new FOMC strategy. Take a random position before 14:15 and just wait until it gets in the money by 20 points, then take profits quickly. It works...
one thing i have to agree to ( whistle ) is that if he has 10K and what ever he make he remove it right away That is a very good idea cause sometime as the account grow the person become more aggressive and might play bigger then usually and blow his account up while if u have 10 K u know u have to keep that 10 K no matter what and have to trade safetly