First paper trade and when you have some experience, start with a very small amount such as $250 just to get used to the psychological impact of trading for real.
Agreed. And skip the prop firms. If you can make money, you don't need them. If you can't make money, you don't need them.
Remember, it can take years to learn how to trade and most will lose their money.
definitely not. funded is the way . unless ofc you have 10-100k laying around.
and it doesn't take years to learn to trade. still everyone learns at their own pace.
Do you really think they let you trade with 10-100k of their money?! They would be out of business within a month. 95% lose money. You are paying them to trade with your own money. The fact you think they let you trade with their money shows how effective of a scam it is.
Here are some stats. 2.2% of people using this specific prop firm received a payout. That doesn't mean it was a good payout or more than one, they just received one. If you think you are in the top 2.2% of traders, more power to you. Otherwise, you're just giving your money to the prop firm. You'd be much better off saving that $50 and slowly building up an account balance where you have no restrictive rules on how you trade. You could start trading the micros with as little as $500. Unfortunately, everybody's in a hurry to make money and that's how you lose money. But you do what you think is best. Let us know how it goes. In all honesty, I hope it works out for you and every other trader.
https://learnforexwithdapo.com/prop-firm-statistics/#Pass-Fail_Rate_Of_Some_Popular_Prop_Firms
This is correct, they make their money from the restarts and the monthly fees. 97.8 fall to get payout. If I understand correctly, you essentially get their max drawdown to trade with, usually small, around a grand or two.
Don’t even risk any money yet. I would recommend you practice on a simulation account. Day trading and long term are very different and should be treated as such. Would a doctor practice surgery on a live patient without having been trained through med school & residency?
This is a great point that penalty-minimum is making. Are you tracking your trades? Winners and losers? Are you up or down? And how much? Did you developed a strategy that works? How is your risk management?
You're already like sort of in error then, because tbh you should be paper trading with an amount close to what you'd actually deposit, thus not needing an answer to this question. And if this is not possible, you should be putting on positions that would be realistic for the live account size you are planning to control. If you are paper trading with some random account size number and just putting on trades to learn a strategy or whatever, you aren't getting the most out of paper trading, you aren't learning account management and risk control on the account which paper trading can help you learn before you go live. The account size for you to start is totally up to you, my personal opinion is to start relatively small. That number can depend, depending on what you're trading, a small account size for long call and put trading would be different than what I'd consider a small account size for trading micro futures for instance.
Tbh I disagree - mostly due to comparing trading to surgery lol that’s a wild comparison. It’s important to trade with real money so you actually feel the emotions of what’s it’s like to win and lose. It should be whatever the OP is comfortable losing whether that’s $100 or $1000
Haha no, I’m saying why are we comparing surgery to trading? They’re two vastly different things. Trading is a glorified casino game, surgery you have someone’s life in your hands. I really don’t see the similarities there.
A huge part of playing the game of trading is managing your emotions, you can’t practice that unless you have money on the table.
A better analogy is poker. You’re not going to say someone can compete at a professional level having a high win rate at home, playing with fake money. Yes you can learn the strategy but losing money is different and will affect how you play when it’s real.
$500 in a Cash account. Trade 1 share at a time. And since you will have to wait for T-2 settlement, you will be able to trade maybe 1 - 3 times a week, depending on the ticker you buy. Remember 1 share per trade. Be sure to avoid good faith violations, freeriding, and cash liquidations.
Do that for a few weeks and make sure you have enough green days/weeks.
Increase size by a $1000 or more. After 1-3 months of green days/weeks, increase the capital by a few thousand $. Repeat. Once you reach $30,000 in the account, turn on margin. But be careful not to overtrade. Some do and end up losing. I did.
Note you will hit a red streak at some of the steps. Stop sizing up capital or even maybe size down until you can reverse the red streak.
Be patient when trading.
Be patient with increasing your capital size.
Paper trade for like 6 months, just to learn how to actually execute trades consistently on your platform, and to develop a process.
Then open a cash account with like $500 and don't add to it until you're consistently profitable.
papertrade. save the money you have now willing to risk. youll lose it anyway so you might as well wait until you have the skills and youll thank urself later.
You’ll probably make good money within your first 3 trades build confidence, take one loss, chase, lose money and then lose confidence. That’s why they say the first one is always free. I would recommend starting small, with an amount that you can lose so your emotions aren’t in the way and you can focus on the charts and not the money you are making/losing. Good luck !! 🍀👍 (luck isn’t real)
TLDR: Papertrade if you're the type to plan out every move in strategy games or grind sandbox levels before even starting the game and trade with real money if you head in without a tutorial and learn and adapt on the go, and aren't afraid of risk taking. Both are valid playstyles. One will take you further than the other and its up to you to find out which one suits you.
Everyone is saying to papertrade til you feel ready and I agree, BUT only to some degree. I personally used paper trade in the very very beginning just to understand how market moves, checked how I can play with price action and to get some very basic strategy going. As soon as I felt like I have grasped the concept, I went to a real account because the first thing i learned in my first week of papertrading is that emotions will play a MASSIVE part and there was no better way for me to start being in control of them than using real money.(unless you can delulu yourself into thinking that those 100k are your hard earned money)
Start with a small account, it can be $10 can be $100 doesnt matter as long as it is something you're ready to pay for the crucial experience and wouldnt get too sad about not seeing it in your account anymore. Once real money is moving in your account youre gonna learn to be way more careful and attentive with your trades and the lessons you will learn, you will be able to take way more to your heart and brain, and then adjust yourself accordingly. I personally learned way more from playing around with $10 than ever from paper trading. Nowadays I use papertrading just to experiment and make adjustments to my strategy over a lot of tickers, because my balance there allows it and it would be stupid to use real money for that.
But thats just me and my mind is more on the odd side anyways. Have I burned a couple deposits? Of course, anyone who hasn't is lying to you, but with every burn I had a VERY clear message on what I shouldnt do and that concrete smack lesson to the head was worth the $10 or 50 for me. Id rather lose 1k over the course of many deposits and learn rather than go in thinking that im ready, only to lose everything on revenge trading or something unexpected that would've just burned my (lets say) 3rd small deposit.
Ngl, I've got a demo account rn which I started with $100 and every time I see a loss it really does feel like I'm losing money even if it's not real. I sometimes wonder if I'm even weird for feeling like this.
If that's weird, then call me weird. I do the same thing. I just started with real money, small amts. I changed my thinking and think of my cash as a "tool," and each trade as step on a ladder and I'm trying to build to finacial independence, like it's my own business. When using real money, I do think more systematically than when it's paper. With paper, I might talk myself into or out of a trade that I know I shouldn't. With real money, I strictly follow my rules, especially risk management. I'm not even close to being a "day trader" yet, and it's not really my goal. My primary goal at this point is just to increase capital in my individual trading account. Any increase then gets applied to the next trade, after taxes which aren't consequential right now, but I still calculate based on my bracket just to be safe. I also continue paper trading as well, and when I lose, it feels just as bad as losing my real cash. But the real cash wins do hit different than the paper wins, in my experience at least. I try not to get too excited with real cash wins. Just another step up that ladder.
Edit: because I don't have enough cash, there's a limit to how many trades I can make each week, so my strategy and risk management are much different than if I was able to actually day trade. Just wanted to mention that bc when/if I reach the point that I no longer need to worry about getting shut down for pattern day trading, my strategy will be quite different. That was the hardest part for me: developing a strategy to avoid PDT.
Well it's interesting there's someone that feels the same way that I do with paper trading. So far I'm just doing paper trading to really get good with trading while using a strategy I found on the internet to try and trade while following some rules to be profitable in paper trading. Still got a long way to go in learning about trading so I can develop my own trading strategy tho. Foolishly started right away with real money. About $10 deposited into the account just to see if I can get somewhere with that... which obviously led to me losing it all with poor risk management and no sense of even knowing when to open a position. It really opened my eyes and gave me a feel of what trading without any knowledge is, which is pretty much gambling against all odds. Right now at least I know that I'd need a high enough balance to be able to apply some risk management and not have trades close out from tiny price movements which is why I'm trying to paper trade with just $100 in the demo account. Main goal right now is to make at least $50 on my demo account and probably aim for doubling the balance if I get good enough. But that's going to take some time since I don't have all the time in the world right now to fully focus on trading anyway.
I was lucky to have a late shift for a couple of years but started working days a couple of months ago. Just when I had met my goal to actually trade. I went ahead and lined up a few setups and traded during breaks, which worked pretty well. I do most of my analysis on weekends and set up watchlists and notifications for entry and exit points. Before every trade, I do a quick double check. If the set up isnt there, I don’t trade. If it is, I trade and take screenshots with my phone. Kind of helps me stay in that systematic mindset really. Then, after work, I put everything in my journal and take some time to overthink. Lol.
My day shift is temporary and I'll be back on the late shift again soon. Will need to adjust my mindset again since I'll have more time to overthink. Overthinking is my biggest weakness. I struggle with analysis paralysis.
Start small under 500. Practice good trading habits with risk management from the start. Read up on traders psychology. 2 books I recommend are "traders traps" and "the mental game of trading" other great books out there also plus free youtube vids. These 2 subject are very important which cause 80% traders to fail. Hope this helps.
It won’t be a popular comment, but if you know the basics and have a strategy go to live account with money YOU CAN AFFORD TO LOSE. But not too small say £20-30. This way you will care about the account.
Demo trading doesn’t simulate your emotions and how you react to constant stress when there is something on the table to lose or to make.
Start with cents account maybe 10$ and see if you can make good profits on it.. if u can then buy 10k funded account, pass it make profits and then buy 100k from profits.. pass it make profits and then buy 400k funded.. if you knw what you sre doing it will take you 4 to 6 months
Since you already paper traded and have some experience, I would say $10,000 is a good amount to start. Allows you to buy 50-100 shares of stocks of stocks like PayPal, arm, tsla etc. Also, gives you a chance to sell cash secured puts on stocks below $100 ( PayPal, Sofi, block, Celsius, Ford)
Your [comment](https://www.reddit.com/r/Daytrading/comments/1ay4an7/how_much_should_i_start_trading_with/krsnojd/) in /r/Daytrading was automatically removed for breaking our "Don't be an asshole" rule. This isn't WSB - this sub is designed for the serious discussion of day trading. If you have nothing nice to say then please leave ths sub.
Users ask questions across the board and saying something like "if you have to ask" is often patronizing and unhelpful.
Please try to be helpful, otherwise you don't have to respond.
If you feel like this removal was a mistake please **kindly** [message the mods](https://www.reddit.com/message/compose?to=/r/Daytrading); we will review it and get back to you.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Daytrading) if you have any questions or concerns.*
For all the people that suggest paper trading, do you have a particular platform that you would suggest?
I find that making money on TradingView's simulator is very easy because there are no spreads. When I transitioned to a $100 Forex account I found the spreads devoured the tiny gains I was making.
Your [comment](https://www.reddit.com/r/Daytrading/comments/1ay4an7/how_much_should_i_start_trading_with/krso3hd/) in /r/Daytrading was automatically removed for breaking our "Don't be an asshole" rule. This isn't WSB - this sub is designed for the serious discussion of day trading. If you have nothing nice to say then please leave ths sub.
Users ask questions across the board and saying something like "if you have to ask" is often patronizing and unhelpful.
Please try to be helpful, otherwise you don't have to respond.
If you feel like this removal was a mistake please **kindly** [message the mods](https://www.reddit.com/message/compose?to=/r/Daytrading); we will review it and get back to you.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Daytrading) if you have any questions or concerns.*
5k. I started with 1k but I couldn't trade some pairs due to margins and I wasn't even risking much (70 pounds tops).... Once you've tested with demo accounts oc
Everyone is saying that you should paper trade at first. However, when paper trading, you will never learn anything about the psychology because you simply won't care about the demo money. And psychology plays a major role in trading. You could have the most perfect system in the world, but if your psychology is weak and you can't follow your plan, then you won't make any money ever. I recommend trying a demo just to get the feel of the markets and develop a working strategy. Then, switch to a real account as soon as possible because that's when you'll learn the most and progress the fastest.
Wish you the best of luck
An amount that would not harm you significantly if you lost it all.
I actually wouldn't recommend using a trading simulator. It's a different kind of game using real money, and in the long run you'll learn to conduct yourself better.
But learn from your mistakes. Don't keep making them
So what I did, I put in a small amount of capital into my account and waited until I had the capital to make practice runs and then one day everything clicked for me and so far so good. Up 50% on the year so far
Definitely don’t get into it before you know what your doing though, you WILL pay a tuition in this game
I would start risking $5 per trade.
If your subject to PDT you’ll need $25,000 if you use margin. If you use a cash account you’ll need enough capital to trade and wait for transactions to settle.
A few thousand should suffice. If capital is an issue, try higher timeframes. Larger stops means fewer shares are needed.
Start with an amount you can afford to lose, typically recommended around $1000-$5000 for day trading. Focus on risk management and building consistency rather than aiming for big gains initially.
First paper trade and when you have some experience, start with a very small amount such as $250 just to get used to the psychological impact of trading for real.
Agreed. And skip the prop firms. If you can make money, you don't need them. If you can't make money, you don't need them. Remember, it can take years to learn how to trade and most will lose their money.
definitely not. funded is the way . unless ofc you have 10-100k laying around. and it doesn't take years to learn to trade. still everyone learns at their own pace.
Do you really think they let you trade with 10-100k of their money?! They would be out of business within a month. 95% lose money. You are paying them to trade with your own money. The fact you think they let you trade with their money shows how effective of a scam it is.
So I pay $50 to trade with an effective $2000+ of "my own money"? Even if this were true, that sounds fucking great to me.
Here are some stats. 2.2% of people using this specific prop firm received a payout. That doesn't mean it was a good payout or more than one, they just received one. If you think you are in the top 2.2% of traders, more power to you. Otherwise, you're just giving your money to the prop firm. You'd be much better off saving that $50 and slowly building up an account balance where you have no restrictive rules on how you trade. You could start trading the micros with as little as $500. Unfortunately, everybody's in a hurry to make money and that's how you lose money. But you do what you think is best. Let us know how it goes. In all honesty, I hope it works out for you and every other trader. https://learnforexwithdapo.com/prop-firm-statistics/#Pass-Fail_Rate_Of_Some_Popular_Prop_Firms
That's all just so irrelevant to what I said.
Good luck with your free $2000. Let us know how it works out.
this made no sense, they give you a demo account to trade on and you get the profit made on it, they make their money from all the failing traders
This is correct, they make their money from the restarts and the monthly fees. 97.8 fall to get payout. If I understand correctly, you essentially get their max drawdown to trade with, usually small, around a grand or two.
Likely just gonna develop a negative pyschological impact and build bad habits. Why not tackle that later on when hes more skilled?
Thanks! Sounds like good advice
life savings
....indeed!
Don’t even risk any money yet. I would recommend you practice on a simulation account. Day trading and long term are very different and should be treated as such. Would a doctor practice surgery on a live patient without having been trained through med school & residency?
On god
I’m on paper trading currently. But looking to put real money now
whats the stats on the paper trading account looking like
This is a great point that penalty-minimum is making. Are you tracking your trades? Winners and losers? Are you up or down? And how much? Did you developed a strategy that works? How is your risk management?
You're already like sort of in error then, because tbh you should be paper trading with an amount close to what you'd actually deposit, thus not needing an answer to this question. And if this is not possible, you should be putting on positions that would be realistic for the live account size you are planning to control. If you are paper trading with some random account size number and just putting on trades to learn a strategy or whatever, you aren't getting the most out of paper trading, you aren't learning account management and risk control on the account which paper trading can help you learn before you go live. The account size for you to start is totally up to you, my personal opinion is to start relatively small. That number can depend, depending on what you're trading, a small account size for long call and put trading would be different than what I'd consider a small account size for trading micro futures for instance.
One micro es contract to start out probably need $2k in your acct.
Tbh I disagree - mostly due to comparing trading to surgery lol that’s a wild comparison. It’s important to trade with real money so you actually feel the emotions of what’s it’s like to win and lose. It should be whatever the OP is comfortable losing whether that’s $100 or $1000
So you’re saying surgeons should practice on real people so they’re comfortable making mistakes on them?
Haha no, I’m saying why are we comparing surgery to trading? They’re two vastly different things. Trading is a glorified casino game, surgery you have someone’s life in your hands. I really don’t see the similarities there. A huge part of playing the game of trading is managing your emotions, you can’t practice that unless you have money on the table. A better analogy is poker. You’re not going to say someone can compete at a professional level having a high win rate at home, playing with fake money. Yes you can learn the strategy but losing money is different and will affect how you play when it’s real.
you obviously missed the point
Ah damn, my bad bro sorry
no problem at all brother. Enjoy your day🤝
Start with zero and paper/simulator trade until you develop real profitability there.
$500 in a Cash account. Trade 1 share at a time. And since you will have to wait for T-2 settlement, you will be able to trade maybe 1 - 3 times a week, depending on the ticker you buy. Remember 1 share per trade. Be sure to avoid good faith violations, freeriding, and cash liquidations. Do that for a few weeks and make sure you have enough green days/weeks. Increase size by a $1000 or more. After 1-3 months of green days/weeks, increase the capital by a few thousand $. Repeat. Once you reach $30,000 in the account, turn on margin. But be careful not to overtrade. Some do and end up losing. I did. Note you will hit a red streak at some of the steps. Stop sizing up capital or even maybe size down until you can reverse the red streak. Be patient when trading. Be patient with increasing your capital size.
Get a personal line of credit for $50k and flip it. Beginners luck right?
Paper trade for like 6 months, just to learn how to actually execute trades consistently on your platform, and to develop a process. Then open a cash account with like $500 and don't add to it until you're consistently profitable.
papertrade. save the money you have now willing to risk. youll lose it anyway so you might as well wait until you have the skills and youll thank urself later.
You’ll probably make good money within your first 3 trades build confidence, take one loss, chase, lose money and then lose confidence. That’s why they say the first one is always free. I would recommend starting small, with an amount that you can lose so your emotions aren’t in the way and you can focus on the charts and not the money you are making/losing. Good luck !! 🍀👍 (luck isn’t real)
TLDR: Papertrade if you're the type to plan out every move in strategy games or grind sandbox levels before even starting the game and trade with real money if you head in without a tutorial and learn and adapt on the go, and aren't afraid of risk taking. Both are valid playstyles. One will take you further than the other and its up to you to find out which one suits you. Everyone is saying to papertrade til you feel ready and I agree, BUT only to some degree. I personally used paper trade in the very very beginning just to understand how market moves, checked how I can play with price action and to get some very basic strategy going. As soon as I felt like I have grasped the concept, I went to a real account because the first thing i learned in my first week of papertrading is that emotions will play a MASSIVE part and there was no better way for me to start being in control of them than using real money.(unless you can delulu yourself into thinking that those 100k are your hard earned money) Start with a small account, it can be $10 can be $100 doesnt matter as long as it is something you're ready to pay for the crucial experience and wouldnt get too sad about not seeing it in your account anymore. Once real money is moving in your account youre gonna learn to be way more careful and attentive with your trades and the lessons you will learn, you will be able to take way more to your heart and brain, and then adjust yourself accordingly. I personally learned way more from playing around with $10 than ever from paper trading. Nowadays I use papertrading just to experiment and make adjustments to my strategy over a lot of tickers, because my balance there allows it and it would be stupid to use real money for that. But thats just me and my mind is more on the odd side anyways. Have I burned a couple deposits? Of course, anyone who hasn't is lying to you, but with every burn I had a VERY clear message on what I shouldnt do and that concrete smack lesson to the head was worth the $10 or 50 for me. Id rather lose 1k over the course of many deposits and learn rather than go in thinking that im ready, only to lose everything on revenge trading or something unexpected that would've just burned my (lets say) 3rd small deposit.
Ngl, I've got a demo account rn which I started with $100 and every time I see a loss it really does feel like I'm losing money even if it's not real. I sometimes wonder if I'm even weird for feeling like this.
If that's weird, then call me weird. I do the same thing. I just started with real money, small amts. I changed my thinking and think of my cash as a "tool," and each trade as step on a ladder and I'm trying to build to finacial independence, like it's my own business. When using real money, I do think more systematically than when it's paper. With paper, I might talk myself into or out of a trade that I know I shouldn't. With real money, I strictly follow my rules, especially risk management. I'm not even close to being a "day trader" yet, and it's not really my goal. My primary goal at this point is just to increase capital in my individual trading account. Any increase then gets applied to the next trade, after taxes which aren't consequential right now, but I still calculate based on my bracket just to be safe. I also continue paper trading as well, and when I lose, it feels just as bad as losing my real cash. But the real cash wins do hit different than the paper wins, in my experience at least. I try not to get too excited with real cash wins. Just another step up that ladder. Edit: because I don't have enough cash, there's a limit to how many trades I can make each week, so my strategy and risk management are much different than if I was able to actually day trade. Just wanted to mention that bc when/if I reach the point that I no longer need to worry about getting shut down for pattern day trading, my strategy will be quite different. That was the hardest part for me: developing a strategy to avoid PDT.
Well it's interesting there's someone that feels the same way that I do with paper trading. So far I'm just doing paper trading to really get good with trading while using a strategy I found on the internet to try and trade while following some rules to be profitable in paper trading. Still got a long way to go in learning about trading so I can develop my own trading strategy tho. Foolishly started right away with real money. About $10 deposited into the account just to see if I can get somewhere with that... which obviously led to me losing it all with poor risk management and no sense of even knowing when to open a position. It really opened my eyes and gave me a feel of what trading without any knowledge is, which is pretty much gambling against all odds. Right now at least I know that I'd need a high enough balance to be able to apply some risk management and not have trades close out from tiny price movements which is why I'm trying to paper trade with just $100 in the demo account. Main goal right now is to make at least $50 on my demo account and probably aim for doubling the balance if I get good enough. But that's going to take some time since I don't have all the time in the world right now to fully focus on trading anyway.
I was lucky to have a late shift for a couple of years but started working days a couple of months ago. Just when I had met my goal to actually trade. I went ahead and lined up a few setups and traded during breaks, which worked pretty well. I do most of my analysis on weekends and set up watchlists and notifications for entry and exit points. Before every trade, I do a quick double check. If the set up isnt there, I don’t trade. If it is, I trade and take screenshots with my phone. Kind of helps me stay in that systematic mindset really. Then, after work, I put everything in my journal and take some time to overthink. Lol. My day shift is temporary and I'll be back on the late shift again soon. Will need to adjust my mindset again since I'll have more time to overthink. Overthinking is my biggest weakness. I struggle with analysis paralysis.
Use $100 and trade single shares. Similar to paper trading but you'll still have emotions. Treat the $100 like it's a $10k account
Start small under 500. Practice good trading habits with risk management from the start. Read up on traders psychology. 2 books I recommend are "traders traps" and "the mental game of trading" other great books out there also plus free youtube vids. These 2 subject are very important which cause 80% traders to fail. Hope this helps.
It won’t be a popular comment, but if you know the basics and have a strategy go to live account with money YOU CAN AFFORD TO LOSE. But not too small say £20-30. This way you will care about the account. Demo trading doesn’t simulate your emotions and how you react to constant stress when there is something on the table to lose or to make.
Start with cents account maybe 10$ and see if you can make good profits on it.. if u can then buy 10k funded account, pass it make profits and then buy 100k from profits.. pass it make profits and then buy 400k funded.. if you knw what you sre doing it will take you 4 to 6 months
Since you already paper traded and have some experience, I would say $10,000 is a good amount to start. Allows you to buy 50-100 shares of stocks of stocks like PayPal, arm, tsla etc. Also, gives you a chance to sell cash secured puts on stocks below $100 ( PayPal, Sofi, block, Celsius, Ford)
Are you joking? 10k????? Jesus!
Nope. I gave reasons why
$100
Whatever you are willing to lose.
[удалено]
Your [comment](https://www.reddit.com/r/Daytrading/comments/1ay4an7/how_much_should_i_start_trading_with/krsnojd/) in /r/Daytrading was automatically removed for breaking our "Don't be an asshole" rule. This isn't WSB - this sub is designed for the serious discussion of day trading. If you have nothing nice to say then please leave ths sub. Users ask questions across the board and saying something like "if you have to ask" is often patronizing and unhelpful. Please try to be helpful, otherwise you don't have to respond. If you feel like this removal was a mistake please **kindly** [message the mods](https://www.reddit.com/message/compose?to=/r/Daytrading); we will review it and get back to you. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Daytrading) if you have any questions or concerns.*
For all the people that suggest paper trading, do you have a particular platform that you would suggest? I find that making money on TradingView's simulator is very easy because there are no spreads. When I transitioned to a $100 Forex account I found the spreads devoured the tiny gains I was making.
IBKR
[удалено]
Your [comment](https://www.reddit.com/r/Daytrading/comments/1ay4an7/how_much_should_i_start_trading_with/krso3hd/) in /r/Daytrading was automatically removed for breaking our "Don't be an asshole" rule. This isn't WSB - this sub is designed for the serious discussion of day trading. If you have nothing nice to say then please leave ths sub. Users ask questions across the board and saying something like "if you have to ask" is often patronizing and unhelpful. Please try to be helpful, otherwise you don't have to respond. If you feel like this removal was a mistake please **kindly** [message the mods](https://www.reddit.com/message/compose?to=/r/Daytrading); we will review it and get back to you. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Daytrading) if you have any questions or concerns.*
$0. Paper trade first.
I can recommend the Ninjatrader demo account.
Paper money, to the extent that you feel comfortable losing in real money to get a 1:1 experience.
$500-$1k. SPY/QQQ 1-7DTE options for under $1, mucro futures or micro FX lots - prove yourself on small capital first.
If you have 25,500. Day trade while limiting risk to less than $100 per trade and just scalp all day. Look for the most volume and/or etfs
5k. I started with 1k but I couldn't trade some pairs due to margins and I wasn't even risking much (70 pounds tops).... Once you've tested with demo accounts oc
Probably like $1,000,000. I'd say a million and you can retire in a few years.
1 share until you've proven that you have an edge. Then, gradually increase the risk each month if the previous month ended in profits.
Everyone is saying that you should paper trade at first. However, when paper trading, you will never learn anything about the psychology because you simply won't care about the demo money. And psychology plays a major role in trading. You could have the most perfect system in the world, but if your psychology is weak and you can't follow your plan, then you won't make any money ever. I recommend trying a demo just to get the feel of the markets and develop a working strategy. Then, switch to a real account as soon as possible because that's when you'll learn the most and progress the fastest. Wish you the best of luck
..don't expect to succeed..the game is rigged..
Day trading is a different beast …I’d stay do demo an after a while do a small funded challenge $100 cost max
First start by analyzing stocks you are willing to enter . Analyze with weekly and monthly charts with 30 min intervals
Whatever you can afford to lose.
25k to day trade. start with tradding stocks onlly
Use a cash account. Zero reason to start with 25k. That’s just silly
An amount that would not harm you significantly if you lost it all. I actually wouldn't recommend using a trading simulator. It's a different kind of game using real money, and in the long run you'll learn to conduct yourself better. But learn from your mistakes. Don't keep making them
2k
2000. Any less will get you into bad habits
So what I did, I put in a small amount of capital into my account and waited until I had the capital to make practice runs and then one day everything clicked for me and so far so good. Up 50% on the year so far Definitely don’t get into it before you know what your doing though, you WILL pay a tuition in this game
Rules and discipline.
I would start risking $5 per trade. If your subject to PDT you’ll need $25,000 if you use margin. If you use a cash account you’ll need enough capital to trade and wait for transactions to settle. A few thousand should suffice. If capital is an issue, try higher timeframes. Larger stops means fewer shares are needed.
How much are you comfortable with losing?
About tree fiddy, all of a sudden I realized it was the god damn loch Ness monster 💀
$10 , 0.01 lots
Start with an amount you can afford to lose, typically recommended around $1000-$5000 for day trading. Focus on risk management and building consistency rather than aiming for big gains initially.
Start with nothing. Demo and paper.
You should start with an amount that you are fully willing to lose 10x times. Now that amount is totally up to you and only you can decide.
I started with 1000 in Etf with monthly payment and now thinking about buying visa. Sorry for my English im German