Day Trading with less than 25k

[ElectricSavant]

Hey! I drive a 1990 Plymouth Voyager with simulated wood grain siding! (and yes I do have to pay my taxes quarterly)

Cash is King!

 

[risktaker]

Nothing wrong with that. Your other post made it sound as though you're a successful trader who's been at this for years. Let's at least be truthful.

Quote from fatrat:

Yep. Very low. I'm not going to pretend I'm a hotshot. I make $100-$250 a day. I'm scaling it up slowly.

 

[fatrat]

I am being truthful. I didn't tell any lies.

Well, "making a living" for me => $100-$250 a day. For me, that's break-even with living expenses. I've got a fallback cash cushion if things go wrong, but so far things haven't gone wrong. There's a steady uptrend in profits per day, even when I withdraw money from my accounts.

AND, I do it with under $25,000. That's what the man wanted to know, ... if it can be done. And it can.

Can he make $10,000 a day with under $25,000? Not likely, but I didn't say that.

Quote from risktaker:

Nothing wrong with that. Your other post made it sound as though you're a successful trader who's been at this for years. Let's at least be truthful.

 

[BSAM]

Quote from risktaker:

Anybody who thinks about daytrading with <$25K is an idiot, especially in this era where a bank CD almost has more volatility than the crappy market!

Considering the context of this thread, perhaps your statement may have some validity. But, taken at face value, this is an absurd thing to say. If you know how to trade, money can be made with less than 25K.

 

[ElectricSavant]

I still drive a 1990 Plymouth Voyager with simulated wooodgrain siding and I AM a hotshot! I have made 19% this year so far!