How much money can you make day trading futures? What is a realistic goal? I asked the same question at the other forum but got no answer. Thanks.
Yes, it is real. Depending on the size of the account/contracts traded, that is very small or big on a small account. You can make the wildest amounts you have ever imagined trading futures. However you need to realize you can also lose just the same. A Swiss banker once said, the futures market is a place where it rewards the accute highly disciplined trader, and how quickly it punishes the inept trader.
This guy made just under $2,5K. I am assuming this is intraday profit. Some will never have that much profit in a day and for others $2,5K is peanuts. Depending on which futures or stock you are talking about, $100K in a day definitely is possible. Will anyone here ever reach that level? Probably not.
FWIW, my goal is to have at least one $100K day per year. I know I'll get it if I am patient and pounce. In the meantime, I am aiming for $10K days but falling short much of the time. So to the OP, it's not only possible but doable.
percent yield might be a more valid measure. Carlos Slim could pull down 100K in a day and be wasting time when considered in light of his net worth. His time would be spent better elsewhere.