What size trading account would you need in order to make $50 per day trading /scalping?
- Thread starter Narcissus 9
- Start date
0-1DTEs for intraday, 7-30DTEs for swing. 25-50 deltas (sweetspot for gamma turbo booster thrusters and cushion in case goes against you.) Exponentially grow a 3-4 figure acct into 5-6, withdraw profits, repeat, compound. Trend momentum with options - convexity & hedging benefits, unlike in cash/spot shares/futures/FX.
Exactly …
Give us your expectancy and we can tell what size you need to make 50$ per day in average.
Example … Over 100 days …
P(Win) is 2/5 per day
Reward to risk is 2
E(x) is 20% (x)
Half Kelly is 5% (y)
Account size * x * y = 50$
Account size = 5,000$
You need 5k to risk 250$ per day and return 50$ per day in average.
Some day you might :
- Lose 250$ (3/5)
- Gain 500$ (2/5)
But as some have pointed out …
Trading isn’t a game of cards …
Way more variability !
Past Performance isn’t Indicative of Future Performance.
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Those margins stay that low as long as you day trade. If you hold your position overnight regular margins apply.
I wonder if you really are holding a proper futures contract with those brokers during the day.
Give this guy a break. His lack of experience leads him to seek a daily return when, in fact, he means an avg daily return. Also, still lacking experience, I doubt he is referring to options or any non basic trading, thus buying and selling shares of companies traded on NYSE or NASDAQ.
Provided that an aggressive fund can be expected to return an avg of X% per year over 20 years, you, as a trader are expected to earn X+Y% to gain an avg $50/day or you would hand your cash over to the managed fund.
Provided that an aggressive fund can be expected to return an avg of X% per year over 20 years, you, as a trader are expected to earn X+Y% to gain an avg $50/day or you would hand your cash over to the managed fund.
If someone asks me that question, one thing is clear: he is not ready at all to trade with any size. He should first built a consistent, profitable tradeplan.
When he achieved that, the tradeplan will clearly show how much money he needs and what size to trade at start.
Use these margins and you will wipe out your "account" in days, or even in a few hours.
I often see penny stocks go up in a day by 100% or more. I once got in at the right price at premarket with MSGM and turned $76 into $625 in one day with 10 shares.
Proof
https://ibb.co/dWyTc3b
https://ibb.co/Cs8RvbZ
That's the best trade I have made so far since beginning trading a year ago.
My question is, I often see penny stocks go up 100% or more. What if I invested $5,000 or a large sum of money into one of those stocks and it went up 100% or more in a day? Would I then have made $5,000 and doubled my money in 24 hours?
Proof
https://ibb.co/dWyTc3b
https://ibb.co/Cs8RvbZ
That's the best trade I have made so far since beginning trading a year ago.
My question is, I often see penny stocks go up 100% or more. What if I invested $5,000 or a large sum of money into one of those stocks and it went up 100% or more in a day? Would I then have made $5,000 and doubled my money in 24 hours?