Is this feasiable? - futures io
futures io futures trading



Is this feasiable?


Discussion in Traders Hideout

Updated by MetalTrade
      Top Posters
    1. looks_one kmdcompelect with 3 posts (0 thanks)
    2. looks_two ThatManFromTexas with 2 posts (5 thanks)
    3. looks_3 Fat Tails with 2 posts (2 thanks)
    4. looks_4 Eric j with 1 posts (0 thanks)
    1. trending_up 2,661 views
    2. thumb_up 8 thanks given
    3. group 6 followers
    1. forum 15 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Is this feasiable?

(login for full post details)
  #1 (permalink)
chicago
 
 
Posts: 3 since May 2011
Thanks: 0 given, 0 received

Hi everyone, I'm just starting to consider getting into trading and I'd like to know if my goals and expectations match up with reality.

I have a full time job as a system administrator and I make OK money, but would like to supplement it, possibly by doing a bit of trading. I have $2000 to invest to get me started. This money is free and clear, I don't need it to pay bills/live and I'm not going to be relying on any potential income. I've never been overly emotional about money and I'm approaching this as a learning experience. If I find I like it, I can devote more funds in the future.

My goals at this time are extremely small, if I could generate an extra $10 to $20 a day of extra beer money, I'd be thrilled. I have time during the day to monitor the markets and make trades while I attend to my job and I carry an android smart phone and usually have an internet connected laptop within easy reach just about everywhere I go. I tend to get up pretty early, 4 am EST, so that leaves me a good chuck of time to study and prepare.

Iím pretty much stumped and overwhelmed by the amount of information available out there and Iím not sure where to go from here.

Reply With Quote

Can you help answer these questions
from other members on futures io?
is there an easy way to obtain by code the price variation percentual
MultiCharts
Looking freelancer for MT4 Indicator
Platforms and Indicators
Live NDX Index Data from IB for Sierra Chart
Sierra Chart
Where is the link to download GomiRecorder?
NinjaTrader
Need a near crosses scan help for TOS
ThinkOrSwim
 
 
(login for full post details)
  #3 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,840 since Mar 2010
Thanks: 4,238 given, 26,582 received



kmdcompelect View Post
Hi everyone, I'm just starting to consider getting into trading and I'd like to know if my goals and expectations match up with reality.

I have a full time job as a system administrator and I make OK money, but would like to supplement it, possibly by doing a bit of trading. I have $2000 to invest to get me started. This money is free and clear, I don't need it to pay bills/live and I'm not going to be relying on any potential income. I've never been overly emotional about money and I'm approaching this as a learning experience. If I find I like it, I can devote more funds in the future.

My goals at this time are extremely small, if I could generate an extra $10 to $20 a day of extra beer money, I'd be thrilled. I have time during the day to monitor the markets and make trades while I attend to my job and I carry an android smart phone and usually have an internet connected laptop within easy reach just about everywhere I go. I tend to get up pretty early, 4 am EST, so that leaves me a good chuck of time to study and prepare.

Iím pretty much stumped and overwhelmed by the amount of information available out there and Iím not sure where to go from here.

If you go to the Opera, you will get entertainment for $ 150,- the evening. So $ 2,000 is the equivalent of about 13 evenings in the Opera House.

Make sure you get the same amount of entertainment for your money when opening a trading account. Best open an account with a FOREX broker and do some SIM trading before you spend your money. Otherwise you will lose it within weeks and you don't get the entertainment you expected.

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
(login for full post details)
  #4 (permalink)
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,206 given, 4,324 received


Fat Tails View Post
If you go to the Opera, you will get entertainment for $ 150,- the evening. So $ 2,000 is the equivalent of about 13 evenings in the Opera House.

Make sure you get the same amount of entertainment for your money when opening a trading account. Best open an account with a FOREX broker and do some SIM trading before you spend your money. Otherwise you will lose it within weeks and you don't get the entertainment you expected.

Opera ... Smopera... that's 100 table dances at the Eager Beaver...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
The following user says Thank You to ThatManFromTexas for this post:
 
(login for full post details)
  #5 (permalink)
chicago
 
 
Posts: 3 since May 2011
Thanks: 0 given, 0 received


Fat Tails View Post
If you go to the Opera, you will get entertainment for $ 150,- the evening. So $ 2,000 is the equivalent of about 13 evenings in the Opera House.

Make sure you get the same amount of entertainment for your money when opening a trading account. Best open an account with a FOREX broker and do some SIM trading before you spend your money. Otherwise you will lose it within weeks and you don't get the entertainment you expected.

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 .

Reply With Quote
 
(login for full post details)
  #6 (permalink)
chicago
 
 
Posts: 3 since May 2011
Thanks: 0 given, 0 received


ThatManFromTexas View Post
Opera ... Smopera... that's 100 table dances at the Eager Beaver...


But will I learn anything new that way? I already know how strippers work, A goes into B until I'm done.

Reply With Quote
 
(login for full post details)
  #7 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,840 since Mar 2010
Thanks: 4,238 given, 26,582 received


ThatManFromTexas View Post
Opera ... Smopera... that's 100 table dances at the Eager Beaver...

Table dance? I did not know that you have that many talents!

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
(login for full post details)
  #8 (permalink)
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,206 given, 4,324 received


kmdcompelect View Post
But will I learn anything new that way? I already know how strippers work, A goes into B until I'm done.

Actually Strippers and day trading have a lot in common...


They Both promise more than they deliver...

It is amazing how fast both of them can separate a man from his money ...

You don't want anyone to know how much time and money you spend on either one ...

They both seem attractive .. until you spend time with them ...

Every one else who utilizes their services ... lies about how much he got away with...

But at least with daytrading... you stand a real chance of getting screwed...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
The following 4 users say Thank You to ThatManFromTexas for this post:
 
(login for full post details)
  #9 (permalink)
NYC
 
 
Posts: 187 since Dec 2010

It would be alot more reasonable to expect to open an account at an online sportsbook and bet on games/props to make 10 bucks a day and that is not a reasonable expectation at all.

Reply With Quote
 
(login for full post details)
  #10 (permalink)
Rockland county , New York
 
Experience: Intermediate
Platform: NT 7
Trading: CL, 6E, SI, ZC
 
whatnext's Avatar
 
Posts: 235 since Mar 2011
Thanks: 338 given, 80 received


Stockcharts.com has free information.
http://stockcharts.com/school/doku.php?id=chart_school

Some free articles on money management.
http://www.multicharts.com/support/base/?action=search&pid=20&string=

If you're considering sports betting; spend it on ass, or 1/2 kegs for cheaper beer.

Reply With Quote


futures io Trading Community Traders Hideout > Is this feasiable?


May 12, 2011


Upcoming Webinars and Events
 

Live Video Panel: Ask Me Anything w/Ironbeam Brokerage

Aug 6
     



Copyright © 2020 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