I think they can make 1% on a 4K account. But not every day. Maybe only 2 days a week. And yes they are taking huge risks. It's more like Gambling instead of trading.
I think you can have $50 / day as your objective (rather than a requirement or expecatation) but realize that some days the market isn't going to give you low risk opportunities. Other days, you may make much more than $50. Also, you should define what the maximum amount is that you're willing to lose in a day, week or month and then what the consequences of doing so are.
You neglected to mention on the days they don't making 1%, they lose 2% (or more)... Its not a question of make 1% per day once in a while, you need to make 1% per day AVERAGE, one bad losing day can wipe out many days of winners
Yes this is a very realistic expectation and more newbie's need to have this attitude. I would ADD one more condition before I would consider this possible. NEVER EVER lose more then $60 on any given day. If your methods can incorporate this successfully your goals are achievable. Good luck
To the OP, yes it is possible to avg $60 but only if you focus on making good trades and not on a monetary amount. It will not happen everyday. Some days will be more, some wll be less, some will be losses. From your original post, it seems you are wanting to do this because of boredom which can lead to forcing trades because you are anxious to always be in the market. While trading on the sim, what size stop are you using ? What is the max intraday drawdown you are willing to take before quitting for the day?
Yes, it's possible but also you have to consider possibility of losing. In trading everything is possible but being so undercapitalized is a big disadvantage. I would suggest at least six months profitable sim trading and starting with at least $ 20k trading only one contract.