[tradeemini500]

Originally Posted by WorldTrader »

Do you consider The CL, GC or NG an emini? I trade with limited risk and make about 2K a day. You can easily make a living as a trader. Now, I don't make 2K every day, some Break Even, some 1K, but when I get my trades early I am done and move on with my life.

This is one of the biggest pieces to remaining a successful trader and making it as a full-time trader. I've seen too many traders make 5k+ in the morning and give it all back by the end of the day because they believe they are in sync with the market or know what the market is going to do next.

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[TimRacette]

Limiting yourself to two full stop outs on the day allows you to keep the gains you have accumulated and limits your risk if you start off the day with a losing trade. Trade small when you are losing, trade big when you are winning.

[Cagineer]

Yes you CAN most definiteloy make a good living off the e minis s&p.
If you are trading 1 lot, hoeer, there is no way. But if you trade consistently profitablly for 3 month, say increase your lots to 3, then try 5 til you get a decent size of trading power.

Trades with 15-20 lots are not uncommon! Mind you, the standard commissions apply on a "per lot per trade" basis in most cases. Check with your broker.

[pgain]

so I see everyone talked about trading and said silly things
But no answered the question you asked

[Ants88]

Originally Posted by pgain »

so I see everyone talked about trading and said silly things
But no answered the question you asked

I'll answer it. I trade the eMini but do not make a living from the trading.

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[steve46]

Originally Posted by pgain »

so I see everyone talked about trading and said silly things
But no answered the question you asked

I am retired and don't need the money, I am trading only the ES contract and yes I do make enough to live on if I had to...

Good luck

[mnctigah]

Yes. I have been making my living solely trading the ES for the past 3+ years.

But I must say that before then I was a horrible trader (primarily due to poor risk management principles). Giving back weeks of profits being on the wrong side of trend days.

It was only due to the efforts of some prop traders (and this is not a plug - won't even mention their firm) that turned my trading around. I can't even count the number of accounts that I blew out.

I'm new to posting on this board and because those prop traders took the time to help me, I feel that I have a debt to repay by helping others. True professional trading has nothing to do with setups, technical analysis, or any of the commonly accepted garbage that is out there.

I have nothing to gain. nothing to sell, and my only motivation is to help traders who are in search of valid trading information to fill the void...

Ronnie

[forrestang]

Originally Posted by mnctigah »

Yes. I have been making my living solely trading the ES for the past 3+ years.

But I must say that before then I was a horrible trader (primarily due to poor risk management principles). Giving back weeks of profits being on the wrong side of trend days.

It was only due to the efforts of some prop traders (and this is not a plug - won't even mention their firm) that turned my trading around. I can't even count the number of accounts that I blew out.

I'm new to posting on this board and because those prop traders took the time to help me, I feel that I have a debt to repay by helping others. True professional trading has nothing to do with setups, technical analysis, or any of the commonly accepted garbage that is out there.

I have nothing to gain. nothing to sell, and my only motivation is to help traders who are in search of valid trading information to fill the void...

Ronnie

I would be more interested in what you mean about risk/management principles.

FP