I've started this thread to relate my experiences in trading an $2000 IB account. I know this is not the way to start off, limited capital, limited experience, but this could serve as a learning experience to all those who wish to do the same. Trading will commence on 7-10-03 with the hopes of bringing the account to 5-10k to open a prop firm account. Not going to use margin-trading equities and possibly in the future SSF's. Due to the PDT rules, I will trade 3x in a five day period. The strategy is to trade volatile stocks intraday using TA to find the bottom. Wish me luck, I'll need it and we'll see what happens.
$2000-newbie journal
- Thread starter bull
- Start date
You should try swinging options. Good luck in either case.
-FastTrader
-FastTrader
If you have decent trading experience you can make a run at it with just 2k. Being a newbie at it will make it harder but if you play your breakouts carefully it's definitely possible.
Just ignore all the negativism that will surely pop up here before too long.
Good luck and keep posting.
Just ignore all the negativism that will surely pop up here before too long.
Good luck and keep posting.
6 months, did it in real time to increase the accuracy as best I could. Profitable. 30% increase average after the first month. Made some really dumb mistakes the first month, such as trading on a "feeling" or after hours on news without the benefit of charts. I'm not rich, obvious from the starting amount, but its the best I could do. I need to watch my head and not let my money be fearful of entering a trade now that its the real deal.
I think what you're doing is great.