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$500 a day was a number a trader friend of mine came up with...i did think it was too good to be true

i can't tell if you're being facetious...

i understand, i learned never to risk more than 2% of your capital on any one trade and never risk more than 6% per month (courtesy of dr. alexander elder) 2% of 50,000 is $1000 risk per trade 6% is $3000 risk per month

I understand. But is it unreasonable to expect to make on average $500 a day using $500,000 trading capital? The prop firm I met with offers 10:1 leverage, I figure I would put in $50,000 once I'm comfortable. $500 a day on average ~ $100,000 a year, 20% return

I've already been investing in stock index etf's, bonds, and funds I'm looking for something full time that is more fulfilling than what I'm doing now. Trading is the one thing that interests me and something that I can see myself putting in 12-14 hour days working on.

you guys are really discouraging :(

I actually know a few. One started out as an engineer and now trades on the Mercantile Exchange specializing in cotton. He's doing really well. Another is a friend who trades for a prop firm but gets paid salary. She's been doing okay I think. Is it unreasonable to average $500 a day...

1. I have yet to develop a trading strategy, but that is the next step. I was hoping joining a prop firm would help me develop a working strategy faster and help me minimize my mistakes earlier. 2. My plan was to use $5000 to start at the aforementioned prop firm for the first 3 months...

I've been reading up alot about trading and am interested in taking the plunge as a day trader. Currently the options I see are: 1. Join a prop firm that pays you salary - best and most difficult way of getting in. 2. Join a prop firm where you put up your own capital. This is what I'm...

i'd love to go and learn more about trading. i'm a complete noobie here, looking to start practicing and gaining some experience.