Is it possible to consistently make $5000 a month trading 2 index futures contracts per trade ?

[dozu888]

if you have to ask, the answer is no.

 

[MarkBrown]

if i threw away 2/3 rds of my daily trading profits i could make only 5k a month lol

 

[Scataphagos]

Hi guys,

Is it possible to consistently make $5000 a month trading 2 index futures contracts per trade ?

Or

How many index futures contracts do we need trade in each trade in order to consistently make $5000 A month

Thank you

If you could count on making 2 points per day on average, you could do it trading 2-lots. First, however, you should trade 1-lots and sharpen your skills.

 

[nickynoes]

read carefully what he asked, you answer is irrelevant:
Is it possible to consistently make $5000 a month trading 2 index futures contracts per trade ?

If your profit is net 2.5 points every day you make 5K in 20 trading days.
Looks easy but is not for most of the people.

No it was not irrelevant you just didn’t realize I was answering both his questions.

However what you answered is irrelevant since he didn’t specify that he earned 2.5 points a day and traded 20 days per month.

 

[SunTrader]

His title is different from what he is posting in his first posting.

His "OR" part in his first posting has even incomplete information:
"How many index futures contracts do we need trade in each trade in order to consistently make $5000 A month"

If he wants to know how many contracts he needs to trade in each trade, he should tell the number of trades. Without the number of trades you cannot answer how many contracts he should trade.

No fooling.

Yet you answered and then jumped on someone else for, in your mind, misunderstanding the original OP.

 

[speedo]

Average sure, consistently is another issue.

 

[southall]

You would have to do a lot of trades. And they would all have to be good quality trades.

Easier to average $5000 a month trading 10 lots at time, but the downside is you have to take bigger losses and drawdowns..

 

[speedo]

You would have to do a lot of trades. And they would all have to be good quality trades.

Easier to average $5000 a month trading 10 lots at time, but the downside is you have to take bigger losses and drawdowns..

I wouldn't want your trade plan

 

[SimpleMeLike]

Yes, it is definetly possible mathematical and sitting here typing. For me, I have not reached that level yet.

However, give it a shot. Open a paper account and trade 2 months.

 

[SimpleMeLike]

Hi guys,

Is it possible to consistently make $5000 a month trading 2 index futures contracts per trade ?

Or

How many index futures contracts do we need trade in each trade in order to consistently make $5000 A month

Thank you

element,

You can definitely do it with two contracts or one contracts.

All that is needed is entry, stop loss, and profit target per trade.