Good morning, I am not a trader and I was wondering if someone can give me a "dose of reality" in regards to this concept. The concept is very simple: Trading a 10-20k account, trading only in large cap/low volatility stocks for a daily gain of $200-300. The monthly profit target is 2-3k. Does this sound reasonable/doable, or am I completely missing something?
The question you ask is akin to: can one run a business that generates a 10% return on capital per month like clockwork, for an annual return of 215%? With minimum risk and little work? There's your answer.
1) Make it 20K, not 10K. 2) It is "doable" as long as you have a really, really, really good method AND you completely avoid big-losses. 3) It would also help if your method generates trade signals based on specific times-of-the-day and not on random criteria that may not occur each day.
No, but that doesn't stop 100,000s or more of newbies from thinking they are different, and spending many years and a lot of money chasing this... The brokers, vendors, serious traders and a lot of others make quite a bit of money from your hope...