How much do you need to be able to day trade/swing trade full time? $100,000?...

RavySnake
RavySnake

How much do you need to be able to day trade/swing trade full time? $100,000? $200,000+?

VisualMaster
VisualMaster

@RavySnake

You should start out small.

JunkTop
JunkTop

Obviously the more to play with the better. But if you do your DD and have good luck, 10k seems like you could make a few hundred per day at least.

Nude_Bikergirl
Nude_Bikergirl

@RavySnake

I started part time with 4-5k. That would bring me and extra $1-$300 a week. Now I have 25k making about $6-$1000 a week.

Harmless_Venom
Harmless_Venom

I sustained myself on a $3,000 account swing trading when I first started. Granted, I was living in Taiwan, which has a lower cost of living, at the time.

For day trading, you need at least $25,000 to legally day trade.

Your personal style will determine how much you need to make a living.

SomethingNew
SomethingNew

@JunkTop
@Nude_Bikergirl

What programs do you use that they let you buy/sell immediately? I usually have to wait 3 business days

Inmate
Inmate

@RavySnake
On this board you'll hear everything from $100,000 to $100.
Then the insults will start.

Snarelure
Snarelure

@Inmate
Why would anyone lie on an anonymous message board? What is there to gain?

Stark_Naked
Stark_Naked

@Snarelure
It is not lying, it is people that never traded or worked a day in their lives telling others how they think it should be done.

But the reality is the more you invest the more you gain, if you start small you gain small, but could still make it out.
It's easyer with loads of money tho

haveahappyday
haveahappyday

@Snarelure
The bar is set intentionally high for trading, financially, that is.
The less you have, the greater percentage is eaten by fees, losses, and commissions. Whereas having a large capital pile will render those things inconsequential. Add in the SEC's $25K rule for day trading and you start to get the picture.
It's probably because the industry wants the people who lose money to be well off enough that they don't wind up broke/complaining about refunds.

CodeBuns
CodeBuns

@haveahappyday
@Nude_Bikergirl
oh shiit man. i just invested $2000 into roughly mostly meme stocks. Currently down -$170. What can i do to circumvent this if i get that money back?

Spazyfool
Spazyfool

@haveahappyday
i disagree

happy_sad
happy_sad

@CodeBuns
You are why paper trading and indexing exist.

massdebater
massdebater

@Spazyfool
i disagree
With what?
That the bar keeps many out?
That the less you have, the more is eaten by costs?
That the SEC has a $25K rule?
Or the last sentence, which is a speculation?

Firespawn
Firespawn

@SomethingNew

Anything besides Robinhood is going to have a fee but it's worth it if you're trading higher numbers where $7 or whatever is not an issue.

You can try out Ustocktrade app which is similar to Robinhood but has $1 monthly fee and $1 per trade. Pretty sure it's instant transfers and you can day trade

Crazy_Nice
Crazy_Nice

@Nude_Bikergirl

Wow.

Any tips? What broker/program do you trade with?

Poker_Star
Poker_Star

@RavySnake
day trade/swing trade
not scalping

lmao peasant faggot shitter bitch retard

CodeBuns
CodeBuns

@SomethingNew
I usually have to wait 3 business days
Not positive, but I'm pretty sure you're required to have a margin account to duck the three day settlement rule (and even then, you're not really ducking it, you just have lots of room to run).
The required deposits for them vary from broker to broker, but it will be higher than a standard account.

Burnblaze
Burnblaze

@massdebater
@Harmless_Venom
getting flagged pattern day trading with no margin account.

kek kek

LuckyDusty
LuckyDusty

@Poker_Star
@Poker_Star
what is scalping?

cum2soon
cum2soon

@Burnblaze
lol
what do they care if you pattern trade with your own cash?
No margin means no one else is on the hook for your stupidity.

TreeEater
TreeEater

@RavySnake
in a stable economy, at least 300,000 in order to try for a mean of 30,000 to live off of every year minus broker and trader. this is so long as your choices are absolutely random

Carnalpleasure
Carnalpleasure

@SomethingNew
fidelity is ok, they arent that fast but their rates are better than wells fargo
that feel when most of my accounts tied up hostage in wellsfargo accounts

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