$5,000,000 account earning $3000 to $5,000 daily. is it possible? - Traders Hideout | futures io social day trading
futures io futures trading


$5,000,000 account earning $3000 to $5,000 daily. is it possible?
Updated: Views / Replies:20,304 / 157
Created: by arbman1 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 90,000 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

Reply
 
Thread Tools Search this Thread
 

$5,000,000 account earning $3000 to $5,000 daily. is it possible?

  #21 (permalink)
Elite Member
Austin, Texas
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 22 since Sep 2011
Thanks: 1 given, 13 received

$3000 means 60 points on one contract, 12 points on 5 contracts, etc, 6 points on 10 contracts. Or one point on 60 contracts.

If you're a stock investor, the average S&P 500 return for the last 40 years has been around 9%. In today's value, it means about 0.01 POINT per day. To get one point, you'll have to out perform the market by a factor of 100:1:, or 10000%.

This is also the reason why most traders fail. The odds are stacked against them.

It's very simple - prove to yourself that you can do it with $5000 (turn it to $10k in a few months), if you can, then you can trade large amounts. Doesn't matter if you lose 1 point a day on a $5k account or a $5 million account, you'll lose it all, it just takes longer (and probably hurts more) on a $5mill account.

Reply With Quote
 
  #22 (permalink)
Elite Member
florida
 
Futures Experience: Intermediate
Platform: Ninja Trader, TOS
Broker/Data: Mirus/Vision/TOS/AMP
Favorite Futures: Currency Futures, Oil
 
flight302's Avatar
 
Posts: 18 since Dec 2009
Thanks: 16 given, 7 received

Try this

Arbman1,
Since you are trying to trade such a large account you may want to try masterthegap.com. His system is gap trading the ES at open, and you can trade it with large size. I suggest you also trade the 1st hour trade with Scott as he has been doing pretty well with it. Check out his site, he has a trial for a small fee. You will need the premium package so you can listen to how he wants to trade the open and the 1st hour . I would start with a few contracts just to get the feeling, then increase size as your comfort builds.
regards,
flight302

Reply With Quote
 
  #23 (permalink)
The Messenger
Gold Coast, Australia
 
Futures Experience: Beginner
Platform: NinjaTrader V7
Broker/Data: Mirus/ Zenfire
Favorite Futures: The One Between My Ears
 
taylor's Avatar
 
Posts: 22 since Jul 2011
Thanks: 12 given, 12 received


Going to add my little bit of advice. Like most people on the forum, I have made HUGE mistakes in my quest for learning about trading futures. It doesn't matter how much money you have, like a previous poster mentioned, if you can't make money on 1 contract, your sure as hell won't make any on 100 or 1000 contracts. There are more fake, money grabbing idiots out there trying to sell you the "holy grail" than there are heartbeats in your chest. Forget about trying to find a "system" or "method" that works. What works for one person, won't necessarily work for you (I'm sure we've all been down that road before). Just like any business (whether it be real estate, law or anything for that matter), you need to study and understand how it works. Your mindset is the first thing you need to work on to be successful. If you don't have this, look for another career, trading isn't for you.

Most people making money in the market, won't tell you how they are doing it. Plain and simple. Most of us are still amateurs trying to work out where to start. Buy a book called "Trading in the Zone" by Mark Douglas. This guy is a professional trader who explains the ups and downs of trading, and what you need to understand before even dropping a cent. Read up everything you can about Price Action. This is the market's heart beat. Learn how it moves and reacts. Just as a surgeon needs to know how the human body works, traders need to know how the price action of the market works. Once you understand Price Action, then you can throw on a few indicators to help with the market structure (yes, even the Hedge Funds use indicators, but few of them (I subscribe to a particular hedge funds information ;-) )

Once you understand Price Action, look for patterns and other signals (you will notice these things with a lot of screen time looking at your charts) then begin backtesting (for recognition) and forward testing (in simulation) to test your theory. If you can double your sim account without breaking you trade rules, you then give yourself permission to trade live.

The hard truth is, there is no shortcut to trading. Warren Buffet didn't learn the market in a week, neither did Paul Tudor Jones (the greatest trader of all time in my opinion).

As for account size, for $3000 income per day, you only need to $50000 to $100000 to do that (based on 2.5% risk per trade). But that's a later story.

Now for my tough love. If you are after a quick fix, and not interested in spending COPIOUS amounts of time learning the art of trading (reading the markets heartbeat), then find something else to do, you will fail and lose a lot of money. If you take the time and study hard (we're talking a good year if not longer) and learn, you MIGHT get somewhere.

Day trading is the toughest job in the world. It will beat you down, gut you and torture you until you give up, unless you outsmart the market and understand how it works. I will post some useful information when I find it again (I have an entire fold on my hard drive dedicated to trading, including some contacts.) Some of the webinars for the elite section aren't bad either (you will always pick up something new about the market (just don't get sucked in to purchasing any packages)

I will leave you with this final statement. From the mouth of the Great Warren Buffet.

Rule number 1 - Don't lose money
Rule number 2 - Don't forget rule number 1.


If I have offended anyone, my apologies, it was not my intention.

When the government fears the people, you have Liberty. When the
people fear the government you have Tyranny."
- Thomas Jefferson
Reply With Quote
The following 4 users say Thank You to taylor for this post:
 
  #24 (permalink)
Banned: trolling
NYC + NY / USA
 
Futures Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009
Thanks: 216 given, 498 received


paganini View Post
$3000 means 60 points on one contract, 12 points on 5 contracts, etc, 6 points on 10 contracts. Or one point on 60 contracts.

If you're a stock investor, the average S&P 500 return for the last 40 years has been around 9%. In today's value, it means about 0.01 POINT per day. To get one point, you'll have to out perform the market by a factor of 100:1:, or 10000%.

This is also the reason why most traders fail. The odds are stacked against them.

It's very simple - prove to yourself that you can do it with $5000 (turn it to $10k in a few months), if you can, then you can trade large amounts. Doesn't matter if you lose 1 point a day on a $5k account or a $5 million account, you'll lose it all, it just takes longer (and probably hurts more) on a $5mill account.


ahhhh, the refreshing viewpoints of new money, and newbie traders

whew, the market always needs these

and for every few hundred, one gets through....

Reply With Quote
 
  #25 (permalink)
 Vendor: tradingcode.net 
The Netherlands
 
Futures Experience: None
Platform: MultiCharts, TradingView
Favorite Futures: ...
 
Jura's Avatar
 
Posts: 774 since Apr 2010
Thanks: 2,347 given, 661 received


kronie View Post
ahhhh, the refreshing viewpoints of new money, and newbie traders

whew, the market always needs these

and for every few hundred, one gets through....

I don't understand your post - can you elaborate somewhat on what you're saying? To me, it seems that Paganini offers good advice by stating that the topic starter should start with a tiny fraction of his capital designated for speculative trading.

Regards,
Jura

Reply With Quote
 
  #26 (permalink)
Banned: trolling
NYC + NY / USA
 
Futures Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009
Thanks: 216 given, 498 received


Jura View Post
I don't understand your post - can you elaborate somewhat on what you're saying? To me, it seems that Paganini offers good advice by stating that the topic starter should start with a tiny fraction of his capital designated for speculative trading.

Regards,
Jura

same logic as those who presume that sim trading percentages will port over to live trading and live trading percentages are logrythmic in scale and hence project profitability,

reality intervenes every time and destroys those expectations,

similarly, every new account starts with $5 million dollars

similarly, every new trader starts a new account with the goal of achieving successful use of leverage,

but then you visit forums like Big Mike and find so many of us in our infancy had such delusionary visions of granduer too, only to have to slog through the weeds and swamp and hoist ourselves onto any island of hope and promise, whilest the nest-egg (starting balance) reflects the skirmishes and fire-fights we've all been through.

wow, that reality is a pisser...

Reply With Quote
The following 2 users say Thank You to kronie for this post:
 
  #27 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,070 since Aug 2011
Thanks: 967 given, 2,626 received

Interesting that...

the trend here is to talk about or point out limitation. Draw your own conclusions. The Euro puts in a daily range of over 150 ticks. DB

Reply With Quote
 
  #28 (permalink)
Elite Member
Chicago, IL USA
 
Futures Experience: Intermediate
Platform: MultiCharts + CTS T4
Broker/Data: Advantage Futures, IQFeed.net
Favorite Futures: YM, ES, EU, US, S
 
furytrader's Avatar
 
Posts: 153 since Jun 2011
Thanks: 109 given, 144 received

The numbers don't add up

The idea of generating $5K off a $5M account, day in, day out, averages out to be roughly 25% a year (assuming 252 trading days a year). There is no strategy that generates 25% a year that is a "lock".

Reply With Quote
 
  #29 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Master
Platform: ninjatrader, r-trader
Favorite Futures: CL, NG, TF, NQ, YM, GC, ES
 
liquidcci's Avatar
 
Posts: 862 since Jun 2011
Thanks: 609 given, 1,051 received


furytrader View Post
The idea of generating $5K off a $5M account, day in, day out, averages out to be roughly 25% a year (assuming 252 trading days a year). There is no strategy that generates 25% a year that is a "lock".

Also nothing that does it without risk. Plus the larger the account size the more difficult it can become to generate higher returns at some point. Unless you can diversify and keep size within what a particular instrument can handle your strategy will hit a wall.

While I would have no complaints having 5 million cash it does complicate trying to generate same returns as on a smaller account if going to leverage it.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Reply With Quote
 
  #30 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,070 since Aug 2011
Thanks: 967 given, 2,626 received

leveraged at...



furytrader View Post
The idea of generating $5K off a $5M account, day in, day out, averages out to be roughly 25% a year (assuming 252 trading days a year). There is no strategy that generates 25% a year that is a "lock".


50:1, or higher for that kind of deposit it is like 2.5% per year....I think the ten year is around 2.2% but I guess nothing is a "lock"

Reply With Quote

Reply



futures io > > > $5,000,000 account earning $3000 to $5,000 daily. is it possible?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
way to increase wireless capacity by a factor of 1,000 cory Off-Topic 1 July 30th, 2011 09:42 AM
Blonde crashes her £250,000 Bentley kbit Off-Topic 1 July 27th, 2011 04:36 PM
not enough series length - set at 100,000 crbucks MultiCharts 1 May 7th, 2011 03:11 AM
Congratulations to MWinfrey on over 1,000 Thanks Big Mike Off-Topic 2 March 1st, 2011 11:06 AM
Trading small (sub $10,000) accounts Twiddle Traders Hideout 25 August 27th, 2010 12:21 AM


All times are GMT -4. The time now is 08:48 PM.

Copyright © 2017 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 2017-12-13 in 0.16 seconds with 39 queries on phoenix via your IP 54.160.245.121