Hm, you know. 1k of 50k is 2%. If one does 2% that would be seriously bad, imho. Remember this is trading, not investing - you do not get paid for holding things.
You will find that a lot of good traders would expect to make around 750 to 1000 a DAY with this approach. Using documented puretick trading, you would possibly have made 2000 a day with that capital (twice what they give, trading 10 contracts). Given the Tim Knight numbers I just read you would have ended up with more than 300.000 after 4 months (he took 200.000 to more than 1.2 million this year, iirc).
Not saying YOU will make that. But if I would enter the markets with 50.000 (i will soon go fulltime) I would excpect a LOT more than 2% per month for my time.
My last runs trading full time years ago (until i stopped for personal reasons) would have you seen more on the 2% per day line, for more than a comfortable living
That is as a trader.
Note that this does not scale. It is a lot harder to make 2% per day with 10.000.000 - simpyl because short trades need to be small enough to enter and exit fast, and that limits the capital one can use here. Then you move into longer timeframes, and it can be argues whether your percentages should go down then. They do, but imho they do not ahve to that fast (i.e. if you make 2% per day with small money, you possibly can also make 1.5% per day with a couple of million, until it really gets too big).
Now, end of day trading, long and only on nights the FTSE closes up does not sound to me like a valid strategy. I mean, there should be a little more than going long when the market closes up
Trading for profit is hard work. VERY hard, and few make it.
I suggest you start looking into some books, you know
The website here has some lists, jut look at the menu in the top. Start and improove your strategy.
