In short, it's possible, but not very plausible for 99.999% of us, but if you don't try, then you've got 0.0000000% chance, so got to try, the trick is living long enough to make it work for you. It really should be easy, but alas, nothing worth doing is ever easy!!
I agree that it looks easier then it is. All your other arguments are just excuses. Starting would cost you NOTHING, just the time spent on it. If you would like to become a trade but find your excuses a problem it already indicates that you will never be successful as a trader. Starting ANY business will give you the same "problems" as becoming a trader. This is how I would proceed: Buy a cheap computer (probably you already have one). Download Ninjatrader for free. https://ninjatrader.com/FreeLiveData Use the free data from Ninja. Start developping your trading strategy after work when you come home from work. If the strategy is ready, start to backtest it on other free EOD data. If the probability of profits is high enough you can switch to real trading with a very small account. From this moment on you need to make expenses, but also generate income. You can continue to work and trade markets that are open after/before you go to work. You can still pay all the bills. If you are one of the lucy ones you can later switch to fulltime trading. I was not rich when I started the trading adventure. And today expenses are far lower(90% lower) then when I started.
You cannot know that as he never mentioned the size of his account. In fact the size of his account is irrelevant as long as it is minimal the margin required to trade 2 contracts. If his account is $5,000 he will have to make 100%, if his account is $50,000 he should only make 10% according to you. That clearly shows that your 50% is nonsense. Putting more money in the account will not make it easier to achieve. The only thing that matters is how many points can he make? As each points has a value and these values will have to add up to $5,000. In the ES he has to make 100 points, no matter how big the size of his account is.
I agree with you, but my post was reffering to the one I quoted mentioning having to make 50% on his account a month to make $5000 if his entire account is only $10000. He would only have to make 50% the first month. If he did he would have $15000 to trade with the next month and only have to make a 33% return, etc.
If they don't withdrawal any $ than the next month they will need to make less next month (33%) and so on. The OP appeared like they were interested in trying to live off a $10k acct by making $5k per month to cover their living expenses, at least that's usually the case with these type of questions. If the OP reinvests all of their profits the goal is much more obtainable than trying to make $5k on a $10k acct, while taking out $5k each month to live on - which is a sustainable ROR of 600% (with quarterly taxes it would be much higher) - I don't think so.
Coincidentally, 4k account currently, plan to run it upto 10k soon and i aim to make 50% per month part time trading, keep the account at 10k start of every month, withdrawing all profits. Need to change to a quicker better exit at loss, which I'm testing this week, drawdowns are too high.