Hey mc, good to see you here. :)
30K isn't his whole account. I think it's near 100K. he wants to use 30K for futures trading, and the balance, I'd assume, for keep doing what...
a) He doesn't want a "job", he just wants to trade his own account. So 2% a month is not what he's aming for, he beat that 5 years in a row. Not...
I will try to give an update whenever I get one.
Sorry, i guess I misunderstood you :(
Although I hope otherwise of course, I agree :(
While I agree with your post, I'd appreciate if you left out the quotations around the word friend. It's really not cute. I said it before and...
Well, he opened an IB account with 30K, and he said he's starting to trade 5 contracts at a time...
In Toronto, Canada, it's about 50K. Not sure about elsewhere...
We have a somewhat civil thread on ET for a change, nice! :D Anyways, I'm sticking to my original assessment of his situation and say that I...
Thanks for the replies. You're only repeating what *I've* tried to tell him. Hopefully he'll make the smart decision to either start with 1 or 2...
ATM, I don't think it's his intention to "own the market", just to pull in 60-100K a year. I'm pretty sure that liquidity isn't an issue when you...
...and that's what I've been trying to tell him. I really don't think you can extrapolate results of 60% per year unleveraged to 600%+ per year...
That's very good advice, thank you.
That's one option. Not sure about the "filled with pros" comment, what's the difference if he trades the SPY or the ES?
He has a method he's comfortable and successful with.
1. I didn't say he didn't have a margin account. I said he didn't USE margin, only available cash. 2. I agree, and that's what I've been...
Because *I* can't, and I know that...I want to know if some seasoned traders think *he* can due to his track record (mine isn't nearly as...
I'm not sure what that would accomplish. I just wanted to get some opinions on whether that's a good idea for him. If it makes any difference,...
He did :D he swears by it as well
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