The short answer is “yes,” as you have seen, a trader can reasonably expect to earn more than $300/month part time. The variable of course is how well you can follow the rules. (Of course other things like market conditions play a role, but even with 2 days/week, that equates to an average of less than $38 net per trading session.) That is perfectly attainable, especially if you have a decent account size.
(See here for CEO Darrell Martin’s recommendations on account management.)
Of course, to earn any money, you have to win trades, and to be profitable you have to earn more money than you lose. As mentioned earlier, that’s easier said than done (or again, everyone would be doing it.)
But that shouldn’t really be an issue at this point because you have a full 30 days to practice with Apex tools for free anyway. I would take as much of that time as you can, and see if averaging a net of $38 per trading session is reasonable for yourself. Of course that would require learning and becoming relatively proficient in a trading strategy (the Power Trading with Walls is the recommended), and that would also mean being familiar with charts and indicators, and utilizing the NT and Nadex platforms (or really, for Nadex, the Apex Scanner). The good news is, most of that can be done any time during the week. Obviously the training videos are available to watch any time, and practicing with charts is also possible any time, through Market Replay.
The only thing that isn’t yet possible is “market replay” using Nadex. That is to say, you can’t trade a historical trading session through Nadex. While that has been on the Apex wish list for a long time, it is still not operational. This means that while you can run charts of days in the past, and watch a market play out exactly as it did live, it is not possible to place a trade in a demo Nadex environment based on that chart. So the only time to really practice trading with Nadex is during a live market session. You can of course be doing this in a demo account with artificial funds, but you can only trade price action that is actually happening at that moment. (So you can’t trade on Nadex, even in demo, when markets are closed on Saturdays, for example.)
So the way I would do it is take all the outside time you can (evenings, and of course weekends), and use that for going through training and getting familiar with the NinjaTrader and Nadex/Scanner platforms. There’s always a market open somewhere in the world during the week, so even if you’re not practicing a system, you can at least be playing with the scanner and practicing the mechanics of entering and exiting trades 23 hours a day, 6 days a week. And then when you have time during a live NY market session (weekdays, 9:30am-4pm ET), watch live charts for the US indices (most in the Elite Room like NQ, RTY, and YM) and practice taking Power Trades with Walls in demo on Nadex.
You may not be up by $300 in your demo account by the end of that first 30 days, but it’s definitely possible to have an idea for yourself if that is a reasonable thing to expect in perhaps another month or two. (Also worth noting, as John mentioned in the Open House video I linked above, once the open house access ends on January 15, they will be announcing a sales promotion which I’m sure will allow you to get a membership for less than that price.)
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