FACT: You can be a profitable trader with just about any account size.

What prevents someone from turning 2k or 5k into something much much larger? If you believe that starting with less than 50k is insane, that is.

What makes it possible to start with a measly 2k dollars or 5k and turn it into more? Is it sheer luck, or are there methods that work at this level?

I'm interested in both sides of this discussion, as I'm likely to NEVER have more than 2k to start with, and I know both sides have very good reasons for believing as they do.

Loxley

EDIT: And what are we referring to as "the good life?" Anything that lets me bring home an extra four or five hundred bucks a week would make me ecstatic
 
This totally depends on what you trade.

10k is really great in a futures account.
50k in a equities account would be good.

More is always nice though:D


But you should have a huge cushion in case you need to not trade for a long time.....or really screw up!
 
Quote from nitro:


I have never seen anyone say you can't trade with less than 50/100K - but try making a _living_ on less than 75-100K of your own capital, unless you live at the YMCA, are single, and got out for quarter beers on Wednesday night specials.

nitro
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It is not nice to talk about Aphie that way....
 
In answer to the title of the thread... yes, you probably could be net profitable even with a small account size... but if you need to make a living, you need a relatively large account size... even $50 a day is a profit, but it ain't a living...
 
Quote from nitro:


I thought it was obvious that . .
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Absolutely freaken' LMAO. Obvious. On this board. That's very hysterical. One could post that buying low and selling high leads to good profits, and get plenty of arguements here.
 
Quote from FRuiTY PeBBLe:

There are so many posts on ET with people saying you can't trade with less than $100k, $50k, or whatever.

A good trader could trade just about any account size and make it grow. The key is that you have to trade in a way suitable TO THE ACCOUNT SIZE. The smaller account, the less techniques you can use and the more patient you have to be.

The idea that a trader can't build his account because he has less than $5k or something is totally FALSE. Maybe they just couldn't trade the way YOU currently do. Anyone who doesn't agree with this, simply does not know what they are talking about. If you disagree, I'm not saying you're not a good trader. I'm just saying that on this particular issue, you're lost.

FRuiTY P.
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From my experience, there is a gap between a new trader, and an experienced successful trader that is a very hard gap to bridge.

Most of watched Aphie unable to handle the initial losses, because he didn't have enough financial staying power to survive through the reality of trading (and he was scared shitless of losing what little he did have at risk)...which is losing, winning, hot streaks, cold streaks.

Most new business failures are do to underfunding, why should a self employed trading enterprise be any different in the need for capitalization? How many traders approach trading with enough funds to give them enough cushion during the learning curve, both mentally and financially, to make it?

Being undercapitalized in the beginning of a trading career is a near statistical certainty of a death sentence for new traders.

It is true that a successful trader can make money with a small account, but why would a successful trader even have a small amount of money to trade?
 
I have traded a account with 50k bp.My top month with that bp was 27k.My best stretch was 57 straight trading days without losing(after commish).I had the eye of the tiger back then, so its all up to the trader.To answer the question it can be done!
 
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