Make $ w/ $2,000?

jasrlew · Jul 23, 2003

Baggerlord:

Where do you ski? I did the ski bum route in Telluride for a couple of years.

DT-waw · Jul 23, 2003

Quote from Scientist:

So, I guess with $2k you could sort of make it to about $150-$300 per day with one contract if you're already good at scalping.

Just my 2cents...
~Scientist

"I guess" are the key words here. On a 1-minute or tick charts all I can see is - randomness! How can you people make money by scalping? Plus there is an execution issue. With market orders spread is your cost. With limit orders you may avoid the spread, but your order may not be executed - price can go against you.

$150 per day with $2k acct is BS, I guess.

Nooo, I'm sure it is.

Just my 2 cents
(or -1 cent after slippage & commissions)

CalTrader · Jul 23, 2003

Quote from baggerlord:

I disagree. I opened an acct with 2k a few weeks ago and am trading the hell out of it, 20-30 trades a day. I am averaging about $80 a day, and improving all the time. You might not consider this much money, but for someone that can only put up 2k, it is. I also work full time, and earn about $10 an hour, so to me the trading is very worthwhile.

You can make more than 10 per hour working for a trading firm or exchange on their lowest level jobs: plus you may have the opportunity to learn more about trading from experienced and successful traders.

Bottom line: if this is the profession that you want to work in then seek out these opportunities: they do exist.

baggerlord · Jul 23, 2003

I live on Mammoth Mountain. This is the reason I live here, working crap jobs, instead of getting a real trading job: http://www.mammothmountain.com/winter/adventures/ski_ride/trail_map/

baggerlord · Jul 23, 2003

I have gotten like 20 PMs tonight from people wanting to know how I trade the pullbacks. I trade a modified version of the method posted by Breakout under the avoiding false breakouts thread from a while ago. (Do a search for "false breakouts"
It is good stuff, especially with a rule I added! Finished today up $65 after $128 in commissions. I sure wish I didn't have to pay them. What are IB's comms, and do they only let you trade once in a day if under $25k?

jasrlew · Jul 23, 2003

Yep, the PTD rule applies to stocks, not futures.
Can anyone suggest charting software for index futures?

Scientist · Jul 23, 2003

Quote from baggerlord:

I live on Mammoth Mountain. This is the reason I live here, working crap jobs, instead of getting a real trading job: http://www.mammothmountain.com/winter/adventures/ski_ride/trail_map/

COOOOL!!!

~Scientist

EMini-Player · Jul 23, 2003

baggerlord, who's your current broker? IB charges $4.80 round-trip per contract.

-FastTrader

Scientist · Jul 23, 2003

Quote from baggerlord:

I have gotten like 20 PMs tonight from people wanting to know how I trade the pullbacks. I trade a modified version of the method posted by Breakout under the avoiding false breakouts thread from a while ago. (Do a search for "false breakouts"
It is good stuff, especially with a rule I added! Finished today up $65 after $128 in commissions. I sure wish I didn't have to pay them. What are IB's comms, and do they only let you trade once in a day if under $25k?

That's a lot in commissions man!

-IB charges $2.40/side.

-I think FFastTrade offers pretty low commissions, like 1/2 that if you're doing high volume - Might be worth considering now...?

-PDT rules do not apply to futures traders. Besides, you get about 40% tax benefit trading futures compared to trading stocks, which is the main reason for trading them.

~Scientist

baggerlord · Jul 23, 2003

I use daytrade4less. I had IB and was trading options and they would only let me trade them once in a day. Someone told me they are strict with the daytrading. I figured they would do the same for futures.

Make $ w/ $2,000?

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