I just want to comment that some reputable traders posted in your thread. They might not have offered what you were looking for but I recommend looking at their prior posts. It's a rabbit hole worth diving into. You just have to find the correct ones.
I don't think you are set for this venture. No bashing, just honest advice. Trading is not like mastering some craft that you learn once and then you're set for life. It's THE toughest competition you can get into. Once you stop learning and adapting, you're pretty much dead. Be prepared to look for new strategies every 3-6 months because things move so quickly in this arena that if you don't the guys who do take all your money. Ask the floor traders who were smacked by screen traders, then ask the screen traders who were smacked by algo traders, ask them how it felt to get run over by colocated algo traders, ask the colo guys what they did when big firms hired guys from optics companies to move their execution algo on to an FPGA chip...and then came the lobbyists who achieved sub penny execution rights, internalisation and payment for orderflow for their firms. 6 generations of traders outclassed within just 10 years. Yeah, charts, trendlines, orderflow and stuff. Go ahead and make 300% on your money with that
And now we deal with Bots. I have been on ES for decades. Each time there is a new development, one has to "put on their shoes" and design "their system" in skeleton form, just so you understand what is going on. If you can't do that you are lost somewhere between wishful thinking and traction less strategies. Muppet is correct. Don't forget to try DOM and play with the spoofing on your learning path... Then you will just be 10 years behind... And as far as sports analogy: Many people try to do the equivalent of football offense without using ANY "play action". Like that is not needed because their set plays are "soooo good". I would not go live and loose more than 20% of that 50K before calling Time Out. You should be able to do that in a couple of weeks to a month. Not a big deal, and you would still be in the game and could play another round. BTW: Averaging 100+ a day (2.25 point on one contract) over 30 days would be a great start.
1K per day? I ready a post by somebody on ET that to be successful in trading, you have to make it in a windfall like Roaring Kitty or Michael Burry and then make sure you don't lose it afterwards. There is no such thing as making a certain amount of profit every day. Trading might be a full-time job but it doesn't pay like a full-time job; it pays more like a lottery. That's why there is also a saying that in trading, it's not how much you make that counts; it's how much you keep at the end of the day that does. Jesse Livermore is the best example. He made $100 million in 1929 in one shot at the height of his trading career, equivalent of $1.6 billion today but he committed suicide not only penniless but in debt.
Lot of negative shit in this thread. Props to @MACD and a couple others that actually told you it was doable instead of making it out to be impossible. It is in fact possible. I know guys that trade 20+ contracts on the ES reading charts alone. Yes - they are only one example and have been at it for the better part of 25 years. Difficult - but doable. Learn to manage risk. Log your faults / mistakes and fix them over time. Finding edge(s) is a personal journey if you don't have access to someone that is already consistently profitable (not vendors). There are many ways to skin a cat - but this cat is always changing to some extent. Best wishes and good luck. Dont ever let anyone tell you cant do something.
Being able to trade successfully has nothing to do with writing ability in English. There are people who only have elementary school level education and are killing it in trading and yet there are college professors who don't dare touch trading at all. I personally know a university economics professor who doesn't even dare to park his money in mutual funds because he thinks it's too risky. Instead he invests all his money in term deposits. In fact, if you put Yellen in a trading contest, I seriously doubt if she will come out on top and yet she has a PhD in economics and was the Fed Chairman and now the Secretary of Treasury.
On the surface you may be right but I beg to differ here. You only read the stories of the big shots who put on a fat trade and came out ahead. But you never hear the stories of the grinders, who are there day in day out and make a decent living by collecting profits each and every day. I know people who are green 25 out of 30 days in a month and that's what you have to go after. The very first thing you need to learn is consistency, because consistency scales, homeruns do not. Trade one lot, then two, then five then 10, 20, 50, 100 and so on. You cannot do that if you lose 3 days out of five, break even on day 4 and make your profits on day 5. It is very doable to make 5k on a 100k account, but you have to be very good and in the correct market. In fact I know a lot of traders who made it from 10k to millions trading crypto day in day out. I definitely don't know anyone trading more than a 20 lot scalping the ES
1000K per day gross: 20 points / 1 contract 10 points / 2 contracts 6.75 points / 3 contracts 5 points / 4 contracts 4 points / 5 contracts 3.5 points / 6 contracts 3 points / 7 contracts 2.5 points / 8 contracts 2.25 points / 9 contracts 2.0 points / 10 contracts 20 points per day is obviously un-realistic considering the fact that you have to ask. But could you make 2 points per day trading 10 contracts? Try it in simulator first and see how it goes. You can take 2 points in one go or 1 point x 2 trades. It's more difficult than it may seem.
Retail day traders? Skill or did they luck out? Plenty of rags-to-riches stories in crypto, but I can't help think a lot of it comes down to luck.