100K trading account?

prc117f · May 28, 2008

I have not been an active trader, mainly buy and hold and reinvesting dividends since 87. anyhow right now I decided to use the dividends and deposit the cash from the dividends for this year into etrade so I can do a bit of daytrading.

I should have 100K at the end of the year (Thats what I will get in dividends this year)

is 100K a a good size for trading on etrade? I do not want to use margin just buy and sell regular stocks like intel,cisco,etc.. name brand stocks nothing weird.

should 100K be decent enough to play with?

wiesman02 · May 28, 2008

If you're not even sure how much to use for trading, I would think twice about using real money if i were you.

S2007S · May 28, 2008

you can use other brokers that are cheaper than etrade.....

stock_trad3r · May 28, 2008

100k just in dividends..wow

sophiekay · May 28, 2008

100K is enough. You might want to consider opening a margin account. Otherwise you will have to wait 3 days between trades. Which could cost you money.

epetrov · May 28, 2008

100k is quite good bucks to lose on the market if you are not expirienced (with buy and hold strategy up to now)
Take care

vince111 · May 28, 2008

$25,000 is more than enough if you are just 'daytrading'

professionals prop traders only have $5000 deposit or $10,000 if you have 10:1 20:1 intra-day leverage.

Quote from prc117f:

I have not been an active trader, mainly buy and hold and reinvesting dividends since 87. anyhow right now I decided to use the dividends and deposit the cash from the dividends for this year into etrade so I can do a bit of daytrading.

I should have 100K at the end of the year (Thats what I will get in dividends this year)

is 100K a a good size for trading on etrade? I do not want to use margin just buy and sell regular stocks like intel,cisco,etc.. name brand stocks nothing weird.

should 100K be decent enough to play with?

prc117f · May 28, 2008

I already have a margin account with etrade. I just do not want to use margin just what I have. the problem I have with leverage is that means for every 1 dollar down you are down 20 dollars. Sounds dangerous.

I figured if I stick to name brand stocks, trade only with money I have and if the stock is lower I just hold till the next day or so and sell when I can profit.

traderpro · May 28, 2008

Quote from prc117f:

I already have a margin account with etrade. I just do not want to use margin just what I have. the problem I have with leverage is that means for every 1 dollar down you are down 20 dollars. Sounds dangerous.

I figured if I stick to name brand stocks, trade only with money I have and if the stock is lower I just hold till the next day or so and sell when I can profit.

100k is fine. You should get 4-1 and 2-1 overnight margin. For a retail acct

ScottD · May 28, 2008

Quote from prc117f:

I already have a margin account with etrade. I just do not want to use margin just what I have. the problem I have with leverage is that means for every 1 dollar down you are down 20 dollars. Sounds dangerous.

I figured if I stick to name brand stocks, trade only with money I have and if the stock is lower I just hold till the next day or so and sell when I can profit.

PRC,

Based on your two posts, you have no fucking clue about trading or investing.

I am not saying this to be mean or inflamatory.

I am saying this because if you realize that you have no fucking clue, you might put in the work to get a clue.

In the meantime, trade with very small size for 6 months in order to discover that indeed you have no fucking clue.

This is actually a helpful post to you.

I wish you the best.

It would be interesting if you report back to this thread in 12 months.