Quote from chipmunk:
It's dead easy. Like taking candy from a bay. LOL Everyone is making $2,000+ per day working from home....so the vendors would have you believe. Try it with 1 contract and see how you do.
Quote from Mecro:
You claim to make more than $1k a day and you're concerned about margins on S&P futures, which are pretty damn good comparing to most other products you can trade?
If you supposedely make so much in real estate (big lol right there already), you should have good capital and should trade with the least leverage possible, not the most. Hence, margins should not matter to you.
In other words, you are full of shit or a clever troll.
Quote from psychonin:
If you don't want to lose money, this is probably not the business for you.
Quote from jackangel:
For the record, I'm very rich and successful as a trader, but I can't prove it because it's against my religion. When you doubt me, I'll be back to point out how much I don't care.
Quote from MandelbrotSet:
To Osorico's point and to try to keep the thread on track, I tend to use a 1:1 R:R and makeup for the losses by pressing my advantage when I see extreme conditions in the market place (like what we have now).
austinp is also a good trader and you would do well to search out both of their posts on this website as you begin you immersion into futures trading EminitraderDM.
I know you want the money, but you can't get it by chasing it, like Osorico says, it's all about discipline and money management.
Speaking of 1k per contract, while I could have gotten $1k today, I didn't, but I did do well ($900+ on one contract). But the average take historically for a good trader is more like $100 to $200 per contract, averaged out on a monthly basis, per market traded.
It's a long road and has been previously mentioned, more often than not is a journey which takes years to reach some level of accomplishment.
Good Luck,
JJ