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Re: Realistic daytrading
Hi syamster,
Are you trading stocks or futures? If you have $10,000 capital and decide to trade the emini's, $150/day is a realistic goal. This is 30 points of the Dow or 3 points of the S&P 500.
If you plan to make $600-$800 a day, I would recommend starting off with at least $40k for the emini's. This is because I recommend 1 contract per $10k. $40,000 would get you 4 contracts. 30 points a day with 4 contracts will get you $600. Trying to make $12,000 - $16,000 a month with $10k is not impossible but highly unrealistic.
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James Lee
TradersLaboratory.com
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