Day Trading $30,000

MACD said:
I take it that this is not a question, but a comment that you have experienced trading this way and it did not work well for you, of course it would be unfair to question the difficulty, ease, or viability of trading options on futures -- guess you are doubting the ability of anyone familiar with options/futures basics and learning how to do this with a 30K account?
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You were correct, it didn't work for me.
 
bradberkobien said:
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Making 327% on $1,143 is nice, but its not even in the same world as growing a trading acct enough to live on. I mean it's like thinking, hey I won a few grand playing blackjack, I think I will quit my job and become a pro BJ player.

Making an avg of $22.6 per hour on your incredible 327% month, I would hold on to that se job until you can do better than that.

I left my tech job after I had made more than 10 years of living expenses from trading & some investing. Trading for a living takes a lot longer & costs a lot more in costly lessons than most can handle. It requires a close to insane like persistence - very few are cut out for it.
 
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comagnum said:
Trading for a living takes a lot longer & costs a lot more in costly lessons than most can handle. It requires a close to insane like persistence - very few are cut out for it.
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It took me a few years trading part time at the CBOT whilst working full time as an Engineer to make the switch. I am so fortunate that I had that time to learn the craft - first scalping, then spreading. Your point is spot on. To take a chunk of money, say to yourself "I'm trading full time" - and then to survive that pressure... it is madness IMO for most mere mortals. You really need to know exactly what you're doing before you make a full time commitment. It is so easy to start out with a large account and turn it into a very small account in short order. It's a tough business... :wtf:
 
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