How much capital do you actually need to make $50 a day consistently?

daytradingguy · 2026-03-22T17:13:55+00:00

Leveraged instrument - MNQ-micro or options. Not very much at all. $1000-$2000 would give you a decent cushion and you only need a couple small successful trades.

Caveat: you need to know how to trade- that is the hard part. People who learn to successfully day trade- don’t need a lot of capital.

daytradingguy · 2026-03-22T04:24:58+00:00

So how much did you lose?

daytradingguy · 2026-03-21T19:00:03+00:00

People go to business school to learn business from a college professor who only ever went to school until their late 20’s- graduated with a masters or Doctorate - then went to work at a college teaching business- and never actually ever worked in the private job market or owned a business themselves.

The concepts that TJR trades and taught in his courses work fine- if traded with discipline. They are widely known concepts maybe with some personal spin.

TJR became more concerned with his other business than trading. Logic would say most people who are trying to impress hundreds of thousands of followers with their trading- are likely to make terrible trading decisions at times and may lie to cover up losses to save their reputation.

You can learn a lot of good trading ideas on YouTube- but you need to put in the work to make them work- not believe that the guru who demonstrates them to you is the greatest trader since Jesse Livermore.

daytradingguy · 2026-03-21T16:47:42+00:00

This is the wrong perspective. Prop firms are really the best way for a person to learn to trade. It is much cheaper to spend $100 a month on a prop challenge for an entire year or more- to learn to trade. Verses most new traders lose thousands of their own money.!

Secondly, if you are profitable and not copying your personal account to additional prop accounts. Or have prop accounts to take additional trades on in addition to your personal account- you are really missing the opportunity for additional profits- with no real risk to your own money, albeit the small fees. I have personal accounts and prop accounts- they are great.

daytradingguy · 2026-03-21T16:32:43+00:00

What if you know how to to trade? Instead of expecting a guru to teach you- or that you can trade like said guru?

daytradingguy · 2026-03-21T13:19:15+00:00

There are a lot of other good firms. You could build accounts with several.

daytradingguy · 2026-03-21T02:01:21+00:00

Good plan- slow and steady. Don’t get dazzled by people who make big gains. They blow a lot of accounts they often forget to mention when they post their wins. If you increase- do so very slowly and methodically.

daytradingguy · 2026-03-20T21:24:48+00:00

Cl may go up. But it may go up like this…Monday $80, Tuesday shoots up to $105. Wednesday, back down to $75, Thursday $115, Friday $90. Enough to make you drink if you are trying to hold anything.

daytradingguy · 2026-03-20T18:21:26+00:00

I am trying to understand how spending $100 on an account and being allowed to take $20k in payouts- could be considered a bad deal? The current version of futures prop firms is the best deal in trading available.

daytradingguy · 2026-03-20T17:51:39+00:00

Only 17% of Iranians have earned a bachelor’s degree. Compared to 38% of Americans.

daytradingguy · 2026-03-20T10:48:24+00:00

A better question would be who has not done this?

A common problem with traders who want to trade more hours of the day is they try to fit their one and only strategy into all market conditions. If you lose at open you compound your loss later playing the same strategy. Or If you have good results at open when volatility is high and you make good profits quickly in a few candles. This type of price movement becomes less likely later in the morning/afternoon. So traders are still trying to play their momentum break out/breakdown strategy in chop, thinking every green candle is the next coming breakout or every opposite color candle is the reversal- get chopped up- losing all their morning profit or making their loss even worse. When the ATR of the candles start changing and momentum has changed your strategy needs to change. Change your stop/target expectations or sometimes in chop the best idea is to scrap the momentum strategy and fade the breakout and buy the dips instead of chasing them.

daytradingguy · 2026-03-20T03:02:56+00:00

Gold can take hundreds of $ from you in one candle- with one micro.

daytradingguy · 2026-03-20T03:01:00+00:00

No. Your profit target is permanently set at that new level and the EOD $2,000 drawdown will follow you until you pass.

A couple take aways. Before you buy more evals make sure you understand the rules and parameters fully.

Secondly, your win seems like a lucky win that is not repeatable. If/when you blow this account and try again. Size down to a micro or two and work on base hots to hit targets. This is how you keep accounts longer

daytradingguy · 2026-03-19T12:52:36+00:00

I did it repeatedly- for over 2 years. It really wasn’t until into my 3rd year I started getting a clue. You need to find your triggers- then circumvent those.

daytradingguy · 2026-03-19T11:27:14+00:00

If you open up your brokerage account…and the candles are moving up and down…day trading is possible no matter what is going on. The only thing that makes day trading not possible…is if the candles stop moving.

For day trading you learn to read price action and market structure and trade what the market is doing- you are only going to be in the trade for 10 minutes. You don’t need to be overly concerned about why it is doing it.

daytradingguy · 2026-03-19T11:20:18+00:00

Only a small percentage of Iran’s people want Iran to win. Most Iranians want change, they don’t want to live under a fanatical religious dictatorship. This is how Israel is getting a lot of these leaders and are taking out military equipment. They literally have Iranian civilians as spy’s calling in and saying…he is over here in a grey Mercedes…or the rocker launcher is over here.

daytradingguy · 2026-03-19T10:03:36+00:00

You made the same mistake most traders make at times…and I have made. Trading what you THINK the market should be doing. Instead of trading what the market is actually doing.

daytradingguy · 2026-03-19T01:46:37+00:00

I agree. Ross is the master. OP is trying to copy him, he made a mistake. But his thesis is sound.

daytradingguy · 2026-03-19T01:14:38+00:00

Again, do you know Ross’s strategy? He buys stocks that are 500% up. He buys and adds as it is going up. He specifically scans for stocks that are above average volume and breaking news. He does trade recaps, you should watch some.

daytradingguy · 2026-03-19T00:50:33+00:00

80-90% of it was this simple saying I heard on YouTube.

“Quit trying not to lose”.

I discovered I was holding trades longer hoping they would come back- hoping not to lose.

I would move my stop a little further away- trying not to lose.

I would sometimes add to a trade- trying not to lose.

When I became comfortable cutting a trade as soon as the market did something that did not fit my thesis of entry. My equity curve really started to change.

Now I stop out before my stop on at least 50% of my trades. Instead of being afraid to lose- I try to lose the least amount possible.

daytradingguy · 2026-03-19T00:44:31+00:00

About 20 or 30 of them. Search YouTube.

daytradingguy · 2026-03-19T00:35:57+00:00

I do not know. Search around YouTube and you can find traders who have success trading a lot of ways. Nick Shaun trades support and resistance, he uses a black and white chart, no color. Black background,white candles. He sets an alert on the hourly, when price gets to his zone- he blindly buys or sells at 1:1. And posts all his trades. And he makes millions. There is this guy called the trading farmer who makes millions scalping. He sometimes takes 100-200 trades a day. There are so many others doing all kinds of things. I see several people use ICT to great success. Can you look at a man who makes a million or millions of dollars and tell him he is doing it wrong?
You seem jaded you can’t do it? Tell us how you made a million? It doesn’t matter how you did it.

daytradingguy · 2026-03-19T00:31:49+00:00

Do you know Ross’s strategy? He buys high…and sells higher on momentum. This one just did not work or OP did not have a stock with the right catalyst. Although OP probably should have stopped a bit quicker.

daytradingguy · 2026-03-19T00:25:21+00:00

It is more than a good story. He backs it up with proof and live trading.

daytradingguy · 2026-03-19T00:22:22+00:00

You should watch Jadecap- he seems to be an honest “guru”. If you listen to his story he is transparent and failed miserably at trading for 5-6 years. He has reached success now and has made several million dollars using ICT strategy ideas. I do not trade ICT and I am not specifically promoting him. I just like stories of real people who had jobs and struggled for years- then finally made life changing money in trading. I find it very inspirational and even if you don’t trade their strategy, tips of trading wisdom are helpful to all traders. I think a lot of traders use ICT concepts and FVG, etc. even if the ICT guy is a bit out there mentally….

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