Thursday, November 19, 2009

How much can I make trading futures?



Question: I am wondering about doing this full time as a business, and wonder approximately how much on average, I could make every day trading with a 10,000 account?

Isn't that the million dollar question? How much can a make per day/per week/per month/per year?

I come at this from a different direction and it is perhaps it will be new for you. I believe in a concept called leverage for example.

If I make like I did today in the ES, $150 on my first contract, and $350 on my 2nd contract, then this gave me a $500 gain before commission costs, which by the way are insignificant.

As you build your account then you will be increasing your leverage allowing you to trade more contracts per signal that you come across.

For example this same trade with 10 contracts earned $2,500 today. So the round about answer to your question is the following your first goal is to build your account balance up to a point where one trade you could make the weekly goal you are looking for.

This is an example of using a concept called leverage and delta.

I believe the sooner you get away from how much I can make, and come in with the idea that I will build my account up to the point where every trade I take has the potential to make my "weekly goal." Then you know you have arrived.

:)

Thursday Day Trading: eMini Bull Bear Method Trade

Click on chart for a larger image of the eMini S&P (ES) trade.

Good Trading,

David "Tiger" Knight

P.S. This trade many in the room walked away with either $150 on one contract or $500 for every 2 contracts traded today in the live trading room.

Thursday Day Trading: Crude Oil Short Trade

Click on chart for a larger image of the Crude Oil (CL) trade.

Good Trading,

David "Tiger" Knight

P.S. Subscribe on the right for most current details of my trading methods as I continue to get closer to launching my trading method.

Wednesday, November 18, 2009

eMini Bull Bear Basic Free Method Trades

Click on chart for a larger image of today's eMini S&P trades.

Good Trading,

David "Tiger" Knight

Tuesday, November 17, 2009

eMini Bull Bear Basic Free Method Chart

eMini Bull Bear Basic Free Trading Method

On the previous video, I alluded to a "free" method or a stripped down version of the eMini Bull Bear Method called for lack of a better term the eMini Bull Bear Basic Free Method.

This is a method that has the small account trader in mind as I went about and put it together. On average, to day trade in the ES a person needs at least $500.00 USD in there trading account. Although, I recommend a starting account balance of at least $5,000.00 USD.

At the heart of this method, "free" one is to allow the individual trader/investor a valid way to earn while they learn to trade the eMini S&P. This free method is a strategy that includes only trading one contract per trade.

In other words, this basic strategy does not include the "kitchen sink" like trading multiple contracts, and trading account leverage. But it is a valid method to attack the eMini S&P profitably allowing the individual trader/investor to build their own account and more importantly gain confidence in trading the futures market.

If you want further details on this basic method, send an email to support@knightcapitalmanagement.com and I would be happy to get back in touch with you with details as I continue to put this method together.

Look for more video content on either my blog or youtube, and eventually on my main website home at www.KnightCapitalManagement.com

Good Trading,

David "Tiger" Knight

Learn to TRADE - Earn while you LEARN!

Yes, I am serious!

www.KnightCapitalManagement.com


Good Trading,


David "Tiger" Knight

Monday, November 16, 2009

Monday Day Trading: Long Crude Oil (CL) Trade

Click on chart for a larger image of the Crude Oil (CL) trade.

Good Trading,

David "Tiger" Knight

P.S. Both of these trades today were called out in our live trading room.

Monday Day Trading: eMini S&P Long Trade

Click on chart for larger image of the eMini S&P (ES) trade.

Good Trading,

David "Tiger" Knight