Possible to become a success with 5k?
- Thread starter Tigo
- Start date
Quote from jimmygold:
Uhmmmm...... Lets see at the time of this post AAPL was about $85. Now its over $97. About a $12 pps appreciation. So this cat who started this thread if he margined 150shares of APPL at this time would have turned his 5K to about $6800 !! Not bad . Thats over a 15% return in less than a week on his total equity account. Or translated in a year abut 780% return !! Not too shabby. Thats if he took my advice
People who margin for 150 shares of AAPL on a 5k account will not survive in this game.
you didn't even take your own advice, why would he?Quote from jimmygold:
Uhmmmm...... Lets see at the time of this post AAPL was about $85. Now its over $97. About a $12 pps appreciation. So this cat who started this thread if he margined 150shares of APPL at this time would have turned his 5K to about $6800 !! Not bad . Thats over a 15% return in less than a week on his total equity account. Or translated in a year abut 780% return !! Not too shabby. Thats if he took my advice
it is POSSIBLE to become a success with 5k. it is more likely, assuming you have solid discipline and a decent methodology in futures trading vs. stocks, because the leverage is much better etc.
i have taken 5k accounts and solely using dow futures, brought them to 15k several times over. i take profits out and start all over again. this is using a scalping type methodology.
but i have found that GIVEN a good methodology and discipline, it is MUCH easier to trade when you are well capitalized.
MUCH easier.
trading with 5k causes you to sweat every tick much more, and like i said DISCIPLINE is key, and it is harder to be disciplined when one bad trade can take out a siginificant portion of yer account.
also, a larger account size allows you to be more flexible with how you scale into and out of trades, allows you to use multiple methodologies etc.
if one methodology is doing not so well in a market enviroment, another might be much better and vice versa. if you use more than one, you decrease your volatility in you account balance, and it works very well
i have taken 5k accounts and solely using dow futures, brought them to 15k several times over. i take profits out and start all over again. this is using a scalping type methodology.
but i have found that GIVEN a good methodology and discipline, it is MUCH easier to trade when you are well capitalized.
MUCH easier.
trading with 5k causes you to sweat every tick much more, and like i said DISCIPLINE is key, and it is harder to be disciplined when one bad trade can take out a siginificant portion of yer account.
also, a larger account size allows you to be more flexible with how you scale into and out of trades, allows you to use multiple methodologies etc.
if one methodology is doing not so well in a market enviroment, another might be much better and vice versa. if you use more than one, you decrease your volatility in you account balance, and it works very well