How Realistic? $50k account, $500 / day

Quote from icarus618:

Sorry guys, I'm not buying what you're selling. If LV 4 bd 3 ba houses are going for $200K, then that's what they're worth right now. It doesn't matter what a 4 bd 3 ba house is going for in NY or CA. Location, location, location.

In any case, I'm looking for something I can leave unoccupied for 2- to 3-month stretches. It looks to me that prices for condos along the strip are flattening out. I'm not familiar with the market though so I thought I'd ask ET's most famous LV resident. Thanks anyway.
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I have no horse in the RE market, was just making comments about "comps" to other areas...meaning that it's cheaper to live here, that's all.

You can buy 3bd condos for $50k

Don
 
at anyrate, getting back to the topic, if you have just 50k, and you can make $500 a day trading the markets, you can live like a king in Las Vegas.
 
Quote from austinp:

how many times must it be said that the instruments we all trade as individual traders will not scale up to even a fraction of that ass nine ridiculous ass u mption?

+$500 a day on $50,000 is f'n cake if you half know how to trade.

+$50,000 per day on 5,000,000 is impossible because the same symbols we're talking about cannot handle a fraction of that trade size
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$50,000 on $5m should be easy on e usd , the U S indexes are tiny in size compared to currencies.

Let us say I am making 80 to 100 pips a day , if you know how to trade like a champion you can achieve it consistently, trade $5m lots which are easily filled without liquidity issues , so $50k is easy. maybe $250k is easy , if put in as several batches at intervals.
I have traded $2m without problems.
 
Quote from oilfxpro:

$50,000 on $5m should be easy on e usd , the U S indexes are tiny in size compared to currencies.

Let us say I am making 80 to 100 pips a day , if you know how to trade like a champion you can achieve it consistently, trade $5m lots which are easily filled without liquidity issues , so $50k is easy. maybe $250k is easy , if put in as several batches at intervals.
I have traded $2m without problems.
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you're da man. Not only are you an oil pro, you're also an fx pro. If everybody did it your way we would all be rich.

By the way, are you still accepting applications for traders who want to make $8/hr and are willing to relocate to a third world country?

If my position doesn't turn pretty soon, I may be interested.
 
that's what cracks me up about these prop traders. They have no idea what their perfomance return is. I can just imagine one of them applying for a job at GS.

what's your perfomance return?

I make $500 a day!

The interviewer scratches his head and says, "My mother makes $500 a day in her savings account at her local bank, but I'd hardly hire her as a trader."
 
There are EXPERIENCED traders that do make $ 2500.00 per week with a 50 k account . leveraged account

It is done but not everyone can do it . easier said then done

A guy can have 500 k in capital in his account & not make a dime

it does not matter what you trade or how
all that matters if you have the skills & discipline to turn a profit consistently

it seems most get into trading dreaming its a quick way to get rich , wishful thinking
 
Quote from hitnrun:



it seems most get into trading thinking its a quick way to get rich , their doomed before they start
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Before you get into trading , learn about yourself and learn about the set ups that fail and their probabilities , and the other things that work but so often fail so dramatically .
 
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