How long does it take you to double your futures account balance as a day trader / scalper?

Discussion in 'Trading' started by _eug_, May 23, 2020 at 10:56 PM.

  1. _eug_

    _eug_

    Question to those that have been successfully day trading / scalping index futures consistently for a long time.

    How long does it typically take you to double your account balance and how much do you risk per trade in % of account balance ( not liquid net worth).
     
  2. I've seen someone who brought a 35K account to 200K in 4 weeks. He sent me his trade blotter and account balance everyday, sometimes in the middle of the day while chatting. He was a scalper in stocks for 10 years at first but switched to NQ futures this year trading 1 or 2 contracts average and up to 4 contracts max. There's obviously liquidity and slippage issues to scaling up in these markets for this type of scalping.

    I tried learning from him but it requires a lot of research and internalizing volume rhythms at micro time frames(sub 1 min and tick charts), while keeping up with general levels and patterns on a higher time frame such as 15mins. Caused an information overload for me and was hard to keep up. Was impossible to have win rates he had (90%ish).
     
    Onra likes this.
  3. _eug_

    _eug_

    How much did he risk per trade?
     
  4. 7out

    7out


    Damn, you just described my trading techniques also, but have not started with $35K and haven't 6x in 4 weeks either (but maybe it will happen in the next 4 weeks).
     
  5. There was no set risk per trade. It was more about reading the DOM and volume pace before determining he was wrong. For example, if he was expecting volume to push prices and nothing happens for longer than he thought, that means something changed or he read wrong so he would exit at market.
     
  6. 7out

    7out


    Holy shit!!!!
    I think there is a twin (of me) out there in this world.
     
  7. I like to double my 100k accounts in about 3 weeks

    If they double sooner, I take the cash out and start fresh with another 100k account
     
  8. virtusa

    virtusa

    I made last year $12.32.

    I was very successful as I beated that year 85% of all daytraders, as they all lost money.

    This thread should be in Chitchat, not in Trading.

    For most daytraders on ET it will take forever and many will still not reach that point.

    How long does it typically take you to wipe out your account balance and how much do you risk per trade in % of account balance ( not liquid net worth)?
    I think there are more people on ET who can answer that question from live experience.LOL
     
    Last edited: May 24, 2020 at 3:24 AM
    Nobert, Turveyd, orbit23 and 2 others like this.
  9. _eug_

    _eug_

    Maybe I should have put this under risk management instead but this a serious question. It's obviously faster to double your trading account if you are risking more per trade as a % of the account but that increases your risk of ruin if you have a series of losing trades. It also messes with your psychology too.

    Since we are dealing with leveraged instruments its prudent to withdraw money all the time and maintain a certain account balance that is enough to cover your margin and some max draw down parameters.

    Its really not that hard to double your account balance in futures day trading, I am more trying to see what are sustainable runs that people have had over the long term. Obviously this is very individual and depends your skill level and your personal win rate / risk reward parameters.
     
    Laissez Faire likes this.
  10. FTDK

    FTDK

    Really? LOL! Ask anyone here and if they are honest 99% will disagree. Considering you aren't going for +20% return per trade and just get crazy lucky.

    Anyway, if your objective is doubling your account as fast as possible you are never going to succeed since that is the wrong way to go at it in the first place.