My goal is to make $50 per day trading and scalping mainly in the pre-market.
How much would I need in my brokerage account in order to achieve this goal?
How much would I need in my brokerage account in order to achieve this goal?
What size trading account would you need in order to make $50 per day trading /scalping?
- Thread starter Narcissus 9
- Start date
Some brokers require $50 to daytrade 1 contract of MES or MNQ.
A 1 pt. profit is $5 (before commissions) with 1 contract of MES.
Trade a $500 account with 10 contracts of MES and a 1 pt. profit will get your $50 goal (excluding commissions).
Account size depends on your probability of ruin.
The larger the account and the smaller the risk,
The less likely you’re gonna go bust.
Depends on your statistics but …
I’d say 10,000$ max.
Make or lose 1% average 0.5%
Maybe 2,000$ ?
Make or lose 5% average 2.5%
Maybe 1,000$ ?
Make or lose 10% average 5%
Would you be able to avoid going bust with a 500$ account ? Then go for it.
We can’t tell for you.
It’s based on your potential.
Your aptitude to take risk and make moonies.
The larger the account and the smaller the risk,
The less likely you’re gonna go bust.
Depends on your statistics but …
I’d say 10,000$ max.
Make or lose 1% average 0.5%
Maybe 2,000$ ?
Make or lose 5% average 2.5%
Maybe 1,000$ ?
Make or lose 10% average 5%
Would you be able to avoid going bust with a 500$ account ? Then go for it.
We can’t tell for you.
It’s based on your potential.
Your aptitude to take risk and make moonies.
Last edited:
LOL you beat me to it. OP is asking the wrong question. If a trader has a great money making strategy he can turn small account into a big one real soon.
Yeah was about to write this:
The concerning bit is the OP writes "make X/day", because financial returns are not well behaved (not even normal). The make X/day guys either forego a lot of potential by quitting once reaching X, and/or tend to risk asymmetric left tail returns that aren't balanced by capping right tail outcomes, that eventually end up putting their acc in the red (OK that's just my interpretation). You want to stay in on the rare days you can make 100X.
Those are really low requirements. Looking at the specs on the CME group.
How can those brokers ask for only that small amount to trade? Are you really trading futures there or is it some kind of synthetic market following the price?
Regarding OPs question: if you really can make 50 a day, every single day, you won't need to worry about anything. I doubt that you can do that.