Trading futures with $5000 - Commodities Futures Trading | futures io social day trading
futures io futures trading


Trading futures with $5000
Updated: Views / Replies:16,911 / 72
Created: by trading654 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 – 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 don’t 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
 

Trading futures with $5000

 
Elite Member
Portland, OR
 
Futures Experience: None
Platform: tos
Favorite Futures: S&P e-mini, Lumber Futures
 
Massive l's Avatar
 
Posts: 1,496 since Mar 2011
Thanks: 959 given, 1,942 received
Forum Reputation: Legendary

You would already need to be a highly skilled trader. With 5k starting out...say goodbye to most if not all of it within 6 months or less and that's being generous.

The following user says Thank You to Massive l for this post:
 
 
Elite Member
London/UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus/Rithmic
Favorite Futures: ES, 6E, FESX
 
Posts: 104 since Jun 2012
Thanks: 77 given, 154 received


Serif View Post
Instead of being here and talking about trading a 5k account just trade the 5k account and later come back and start a new thread: HOW I LOST 5K.

Hey man, why so moody? No need to extrapolate from your own experience. It can be done very realistically, and considering someone mentioned Topsteptrader program, there is plenty of evidence of it available to everyone.

The following 2 users say Thank You to isla for this post:
 
 
Elite Member
Washington DC
 
Futures Experience: Advanced
Platform: TT
Broker/Data: Dorman
Favorite Futures: US Treasuries
 
fminus's Avatar
 
Posts: 129 since Sep 2009
Thanks: 156 given, 287 received



isla View Post
Hey man, why so moody? No need to extrapolate from your own experience. It can be done very realistically, and considering someone mentioned Topsteptrader program, there is plenty of evidence of it available to everyone.

Could you please expand on your definition of "very realistically" because for myself I would have substituted those words with "almost never" or "close to impossible" (in terms of beginners). The risk of ruin in so high, that I'm sure there are those that somehow manage to survive, but I would consider them the exception rather than the rule. Therefore, I would not consider it sound advice to tell someone they can make it with a 5k futures account.

Can I make a hole in one golf shot on a par 3? Sure, give me a couple thousand tries...

Could a trading master grow and survive a 5k futures account? Sure, but it would still be difficult nonetheless.

In trading, shortcuts lead to the longest path possible.

Last edited by fminus; October 27th, 2015 at 11:19 PM. Reason: clarification
The following user says Thank You to fminus for this post:
 
 
Elite Member
London/UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus/Rithmic
Favorite Futures: ES, 6E, FESX
 
Posts: 104 since Jun 2012
Thanks: 77 given, 154 received


fminus View Post
Could you please expand on your definition of "very realistically" because for myself I would have substituted those words with "almost never" or "close to impossible" (in terms of beginners). The risk of ruin in so high, that I'm sure there are those that somehow manage to survive, but I would consider them the exception rather than the rule. Therefore, I would not consider it sound advice to tell someone they can make it with a 5k futures account.

Can I make a hole in one golf shot on a par 3? Sure, give me a couple thousand tries...

Could a trading master grow and survive a 5k futures account? Sure, but it would still be difficult nonetheless.

Hello,

I double-checked the very first post in this thread in case the original question was posted in a context of a beginner trader asking for advice, but it looks to me more like an opening to a discussion. I hope I made it clear in my post that in order to consider trading 5k account or even futures generally I believe one needs to have an advanced trading skill. I used "very realistically" based on the number of people passing the Combine (example simply for transparency reason).

 
 
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,427 since Jun 2009
Thanks: 29,510 given, 84,398 received


Serif View Post
Instead of being here and talking about trading a 5k account just trade the 5k account and later come back and start a new thread: HOW I LOST 5K.


isla View Post
Hey man, why so moody?

Anyone that has been around long enough, or anyone that takes time to read, would know 5k is ridiculous for trading futures. It's not even a debate...

You could possibly debate whether 10k or 25k was enough, but 5k is obviously not enough.

My response is based on reading 500,000 other posts on this site from 75,000 people, many of which have tried the same thing. How many traders have you talked to? How many experiences have you read up on?

Sometimes posts can be viewed as "negative" when in fact they are simply stating the obvious truth. I do admit that sometimes I write in a way to get peoples attention, because I am trying to help them by making them aware of something that is so painfully obvious for the rest of us.

Mike

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.
6)
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.

The following 9 users say Thank You to Big Mike for this post:
 
 
Elite Member
Neuwied Germany
 
Futures Experience: Intermediate
Platform: NinjaTrader 8
Broker/Data: AMP, CQG
Favorite Futures: FDXM
 
Posts: 716 since Jul 2013
Thanks: 2,110 given, 1,200 received


trading654 View Post
Is this really something one should be doing? The contracts are so big that I think this is like a surefire way to getting wiped out quickly. A part of me feels like one has to have at least $100k to be able to trade futures in an intelligent way. What do you think?

If youīre not disciplined and not much experienced, it doesnīt matter whether you trade 1k or 100k: you will blow it away very fast!
Not everyone has so much money, so what should they do? Donīt trade or take a credit? Thatīs the last thing one should do.
The real challenge is to get a winning mind, because everyone expect you to loose and most people even does.
I donīt have so much money, but I train in sim and then go live, when i feel ready. This time it lasted nearly three month...Iīve started with 1.800 $ in the ES and switched in the FDAX as soon as possible at 2.500 $. I have a daily goal at 500 €, that means 20 points. At good days, iīve got it in less than 15 minutes and then switched to sim to go on training and keep the money. Iīve considered good trades to be less than one minute. I had (big) drawdowns, but iīve always came back, because my mind setting was right. So after 8 weeks, i were at about 12.500$, where "one" say, this doesnt work, because small account etc..
I didnīt take the money, but wanted to let my account grow, because "one" shouldīt trade with a small account. If i only had take it....
My brain started to play tricks with me. I thought i "had it", and thought i limit myself with 500 €, because in sim i made even more. So it had to come: one day i had a good morning (discipline, 500 €) and then got bad mood at lunchtime. I didnīt switch to sim and blew away 10 k in one session. I canīt tell you how and why until today...This has broken my confidence. I blow away another 5 k and am now back to sim again for the whole day...
Itīs hard to motivate again, when you see yourself committing financial suicide when you start to win.
I consider this problem bigger than finding a strategy or discussing about how much you should start with (sometimes, there is nothing to discuss like with me....)
My issue is obviously not to trade when i get bad mood, instead of the account size.

Waiting, Discipline and Patience Pays!
The following 5 users say Thank You to pipandrun for this post:
 
 
Trading for Fun
Rybnik Polska
 
Futures Experience: Advanced
Platform: TWS
Favorite Futures: Futures
 
Posts: 112 since Aug 2015
Thanks: 18 given, 45 received

Guy's I know that it is hard to believe but world got more places then only USA.You got that 5k for example,you can trade Nikkei Mini (OSE)- big 300 points move will give you only some like 250 $ profit/loss.For OMX30 normal sesion also will give you 180/200 $ per day gain or loss.If you ,,take'' all range of the day !.It's only a few examples so remember - CME is not only place in financial world...

The following 3 users say Thank You to Tommip for this post:
 
 
Elite Member
London/UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus/Rithmic
Favorite Futures: ES, 6E, FESX
 
Posts: 104 since Jun 2012
Thanks: 77 given, 154 received


Big Mike View Post
Anyone that has been around long enough, or anyone that takes time to read, would know 5k is ridiculous for trading futures. It's not even a debate...

My response is based on reading 500,000 other posts on this site from 75,000 people, many of which have tried the same thing. How many traders have you talked to? How many experiences have you read up on?

Hello Mike,

I assume that you are trying to be helpful to the majority of people reading this forum who are neither experienced nor are serious about trading and I can appreciate that.

I came here not only with an opinion but also made some objective points. If you'd rather everyone agree on what is acceptable for you for whatever reasons, please let me know.

 
 
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: GBU-39
 
tturner86's Avatar
 
Posts: 5,843 since Sep 2013
Thanks: 9,900 given, 11,326 received
Forum Reputation: Legendary


pipandrun View Post
If youīre not disciplined and not much experienced, it doesnīt matter whether you trade 1k or 100k: you will blow it away very fast!
Not everyone has so much money, so what should they do? Donīt trade or take a credit? Thatīs the last thing one should do.
The real challenge is to get a winning mind, because everyone expect you to loose and most people even does.
I donīt have so much money, but I train in sim and then go live, when i feel ready. This time it lasted nearly three month...Iīve started with 1.800 $ in the ES and switched in the FDAX as soon as possible at 2.500 $. I have a daily goal at 500 €, that means 20 points. At good days, iīve got it in less than 15 minutes and then switched to sim to go on training and keep the money. Iīve considered good trades to be less than one minute. I had (big) drawdowns, but iīve always came back, because my mind setting was right. So after 8 weeks, i were at about 12.500$, where "one" say, this doesnt work, because small account etc..
I didnīt take the money, but wanted to let my account grow, because "one" shouldīt trade with a small account. If i only had take it....
My brain started to play tricks with me. I thought i "had it", and thought i limit myself with 500 €, because in sim i made even more. So it had to come: one day i had a good morning (discipline, 500 €) and then got bad mood at lunchtime. I didnīt switch to sim and blew away 10 k in one session. I canīt tell you how and why until today...This has broken my confidence. I blow away another 5 k and am now back to sim again for the whole day...
Itīs hard to motivate again, when you see yourself committing financial suicide when you start to win.
I consider this problem bigger than finding a strategy or discussing about how much you should start with (sometimes, there is nothing to discuss like with me....)
My issue is obviously not to trade when i get bad mood, instead of the account size.

Sorry to hear that bud. Emotional capital is the most expensive and hardest to regain.

The following 5 users say Thank You to tturner86 for this post:
 
 
Market Wizard
Parsippany+NJ/US
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Infinity Futures
Favorite Futures: ES, NQ, CL
 
chipps1983's Avatar
 
Posts: 1,767 since Jan 2015
Thanks: 4,050 given, 2,756 received
Forum Reputation: Legendary


$5000 is not enough at all to start trading futures. why don't you try TST pogram with minimum monthly fee and evaluate your self ?


 



futures io > > > > Trading futures with $5000
Thread Tools



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

July Journal Challenge - $500 in Amazon Gift Cards!

July
 

AXESS Trader: Powerful Cloud Based Trading Platform w/GFF Brokers

Jul 17

TBA: FuturesTrader71 w/Morad Askar

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Is trading NKD Nikkei futures the best choice for afternoon/evening trading? tennon Emini Index Futures Trading 8 July 7th, 2014 09:31 AM
Futures Broker v CFD Provider for trading futures rcampbell Reviews of Brokers and Data Feeds 3 January 5th, 2012 12:53 PM
Essentials in Futures Trading: Executing Your Trading Plan sysot1t Psychology and Money Management 1 October 4th, 2011 11:45 AM
Essentials in Futures Trading: Developing a Trading Plan sysot1t Psychology and Money Management 3 September 29th, 2011 07:58 PM


All times are GMT -4. The time now is 04:03 AM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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
Page generated 2018-07-16 in 0.16 seconds with 14 queries on phoenix