Is this feasiable? - Beginners and Introductions | futures io social day trading
futures io futures trading

Is this feasiable?
Updated: Views / Replies:2,437 / 15
Created: by kmdcompelect Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Is this feasiable?

  #11 (permalink)
Melbourne, Australia
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG Markets
Favorite Futures: EUR?USD,AU/USD
sinisa's Avatar
Posts: 38 since Apr 2011
Thanks: 10 given, 42 received


I guess, there is a lot of dis-approval of 2K start-up account, but everyone learns in a different way....
The fact is that it is possible if you trade FX, you can trade mini-spot (1$ a pip) and that would cover you and if you a good at it you need only 20-30 pips for your beer money.....

Most likelly if you are new to trading you will blow those couple of grand very quickly even playing mini spot. Strong recomendation, try to invest that money into education if you are serious about trading and get better understanding as to what you getting your self into before you play and real dollars....

I am not sure which courses are available in US that are good for those $$$, but i am sure there are many guys on the forum that can help you out with that....

And just to see for your self, open a demo account with any broker and see how would you fare... All of us might be wrong...

Good luck

Markets are logical and
Reply With Quote
  #12 (permalink)
Modesto, CA
Posts: 8 since Mar 2011
Thanks: 29 given, 27 received

I feel like some of the others here are being a bit too cynical. I laughed, but I don't think its very helpful for someone looking into trading. I will preface advice with this; trading, imo, is fundamentally a game. It's an extremely competitive, fair game, where you are playing with the best players in the world, all the time. It's like playing against the best poker players in the world every day. If you're going to beat them and take their money you must have skills.

To answer you're initial question: "Is it feasible to make $10-20 on average per day with a $2000 account trading part time?"

In online poker, before the crackdown, I'd heard of a few people doing something similar. Though in trading, the fixed and variable costs; data feeds, platforms, and commissions respectively, would require a high leverage to achieve your goals and necessitate poor money management, creating a scenario for failure. I believe that's the case in futures and stocks, forex I don't know much about.

If you are still interested, get on a simulator and play around to see if trading is really for you or not, before you ever risk any money. Watch market action, note patterns, make trades. If you don't like trading for free you will never like it when your money is on the line. I've heard some forex broker's offer them for free, and many futures brokers will give you a free data feed to use ninjatrader in sim for a surprisingly long time. Although this assumes you are visually oriented. If you are more analytical, search for more quantifiable methods.

Reply With Quote
  #13 (permalink)
Site Administrator
Manta, Ecuador
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
Big Mike's Avatar
Posts: 47,611 since Jun 2009
Thanks: 30,347 given, 89,757 received

Short answer, no.

Returning 1% daily on a tiny account is not feasible, primarily due to external costs of trading being too expensive proportional to account size. But also because of stop placement which then dictates risk to reward ratio - it just won't work out.

Sent via tapatalk on my DROID X

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
  #14 (permalink)
Trading Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,576 received

kmdcompelect View Post
I figure I have about 2 months of study and practice before I try it live. It won't hurt me to lose it, but I'd rather not just throw it away .

You sound like you are bracing yourself to lose it , the money that is . You wont throw it away but instead it will be taken from you by the traders that brace themselves to win it . Sorry to sound synical but its the truth .

Heres the good news though . $2000 is precisely what I started with to trade live and I still have the money in my account , and then some . Ill offer you what I did and do in regards to trading a small account . First I practiced for about 3 years everyday 8 hours until I discovered what works for me and I tried everything possible - twice at least . Then I settled down and found a way to trade in proportion to such a small account . Swing trades are what offered the best bang for my buck so I started looking at setups on timeframes like >4 hours . This also fits my intolerance for sitting more than 30 min. at a time . The elusive and often misunderstood unwanted stepchild "forex" market is where I do my dirty work . I can risk a proportional amount in relation to the reward and slowly build my account .

Thats it . Btw , 2 months study and practice before going live will put you in an elite league of gifted traders if you succeed . You CAN do it but caution and patience will be your greatest friend here .

Visit my futures io Trade Journal Reply With Quote
  #15 (permalink)
Trading Experience: Intermediate
Platform: FxTrade/Ninjatrader
Broker/Data: Oanda/MBT
Favorite Futures: Eur/Usd
Trankuility's Avatar
Posts: 269 since Jan 2011
Thanks: 54 given, 151 received

I don't know about futures, I trade spot Forex. It would be very unlikely for you to do what you're asking after only 2 months of study. I'm doing exactly what you're asking, though everyday I compound because I don't want just beer money, hah. Anyway, if it's anything to go by, I lost money in Forex for 9 months before I started finally getting consistent profit each day. Things have been swell since around January.

Also, and this is a big "also", I spent two years as a semi professional online poker player playing headsup games before coming to Forex. So I already had solid money management, risk tolerance, an understanding of expectancy, etc etc..

Even if you're a genius you will likely have a lot of work do on controlling your emotions and developing the proper psychology.

Realistically, I'd say it will take 1-2 years at minimum.

Visit my futures io Trade Journal Reply With Quote
  #16 (permalink)
Posts: 1,081 since May 2010

Yes, If I look to my monthly statement I can do it now, on a $2000 account. I hope I will be able to keep doing it :-) Please note that my account is a lot bigger but that isn't needed at all. I have days that I look at the market and I say to myself: that's not a day to trade my system, and I stop trading. I succeeded in detecting bad trading days for my system, I think that's an important point to learn. You don't have to trade every day, better no trade than a losing trade.

I could not do it some time ago, I had to blow up several times and try like a trillion systems. The pain of losing extremely big money keeps me currently from over trading or revenge trading. I hope I can keep it that way, I'm scared that once in a while I have to go back to have a big losing day because I didn't followed my rules to be reminded that it's BAD.

The 1, 2 or 4% rules on money management is bullshit. You need to stop trading when you're on a day your not following your system or you see that's one of those days that your trading system will not work. For the rest you need to continue trading, if you still keep failing and you follow your system then your system stinks. That 1,2 or 4% rule will only let you blow up your account more slowly. You are NOT going to become profitable because you only risk 1% of your total trading account, I don't know why people think otherwise. That's just stupid. There's too much one liner crap in this trading world and day after day I find out that most people are just full of it. Following these one liners in the past have made me lose even more.

I know a trader who earns more than $25.000 a month and his account is only $10.000 big, he takes every week the money above that out.

Just try a lot of systems, try one that suits one and know it inside out, trade a market that you know how it behaves. I would strongly advise for people who are not profitable to sim trade the PERRY TRADING SYSTEM found here on bigmike, follow the rules and you will be profitable. It's there for free.

Reply With Quote


futures io > > > > Is this feasiable?

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Right now

Show us your trading desks and win over $5,000 in prizes w/Jigsaw Trading


The Spirituality of Trading w/Dr Brett Steenbarger

Elite only

All times are GMT -4. The time now is 06:09 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts