money how much

Quest · Jun 8, 2005

is it possible to start becoming a day trader with 1k excluding soft ware and broker
and could u by the soft ware under 3k and have every think u need to start and build the rest as u get further and become more stable and be able to upgrade to better or add.
ty all for helping me on my quest

Free Thinker · Jun 8, 2005

Quote from Quest:

is it possible to start becoming a day trader with 1k excluding soft ware and broker
and could u by the soft ware under 3k and have every think u need to start and build the rest as u get further and become more stable and be able to upgrade to better or add.
ty all for helping me on my quest

no chance. why are you buying software?

Ebo · Jun 8, 2005

You have a higher chance of success by reading this book and buying a plane ticket to Las Vegas.

http://www.amazon.com/gp/reader/0743249992/ref=sib_dp_pt/102-2232247-6451300#reader-link

Moreagr · Jun 8, 2005

At least 35K for equities

volente_00 · Jun 8, 2005

No, there is not much chance of making it with $ 1000, unless you are trading futures with $500 margin and then you could only trade 1 contract and you would probably lose that 1000 in the first week.

mhashe · Jun 8, 2005

Quote from Quest:

is it possible to start becoming a day trader with 1k excluding soft ware and broker
and could u by the soft ware under 3k and have every think u need to start and build the rest as u get further and become more stable and be able to upgrade to better or add.
ty all for helping me on my quest

1k?!

Better off getting a job, save money, work on a trading system and start of with at least 25K when you have a system thats realiably profitable.

offcourse you won't do it, but thought I'd suggest it and save you $1K

ozzy · Jun 9, 2005

$1000 is not enough. But $1150 should do the trick.

ozzy

hanseng1 · Jun 9, 2005

Quote from Quest:

is it possible to start becoming a day trader with 1k excluding soft ware and broker
and could u by the soft ware under 3k and have every think u need to start and build the rest as u get further and become more stable and be able to upgrade to better or add.
ty all for helping me on my quest

You can't daytrade stocks with less than $25k, and I don't know of any futures brokers that accept $1k accounts.

Your only bet is forex, or you could just send me a check for the amount you were going to lose. I'll even send you some software.

tradewiz50 · Jun 9, 2005

Quote from hanseng1:

You can't daytrade stocks with less than $25k

Yes you can. http://www.allianceinvestment.net/alldaytraders/

mogul · Jun 9, 2005

if you are serious, then your only bet is to trade forex

since most forex brokers allow very small position sizing, you can practice relative proper money management with your 1,000 and learn the ropes that way.

Granted you won't make a living out of it, but learn small first and then scale.