What size trading account would you need in order to make $50 per day trading /scalping?

[Drawdown Addict]

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?

For every trade you make someone has to get the opposite side. So no, the volume available on those penny stocks isn't likely to fill your 5k. You need more liquidity for that trade.

And more importantly, if you manage to get your 5k in, you will sweat ink to find buyers to get them out.

 

[virtusa]

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?

Stop dreaming. With enough imagination you can make millions in 1 day.

 

[virtusa]

For every trade you make someone has to get the opposite side. So no, the volume available on those penny stocks isn't likely to fill your 5k. You need more liquidity for that trade.

And more importantly, if you manage to get your 5k in, you will sweat ink to find buyers to get them out.

Stop dreaming.
With enough imagination you can make millions in just 1 day.

 

[Overnight]

...I wonder if you really are holding a proper futures contract with those brokers during the day.

What else would you be holding? Why is it so hard for you to believe that brokers can do this?

 

[Drawdown Addict]

What else would you be holding? Why is it so hard for you to believe that brokers can do this?

https://www.wallstreetmojo.com/synthetic-futures/

 

[rb7]

https://www.wallstreetmojo.com/synthetic-futures/

This has nothing to do with what you wrote before.

 

[Drawdown Addict]

This has nothing to do with what you wrote before.

Text comprehension is not that difficult after all. Specially when you can read my posts again.

 

[Overnight]

https://www.wallstreetmojo.com/synthetic-futures/

Well, that's not what those brokers offer for trading.

 

[Drawdown Addict]

Well, that's not what those brokers offer for trading.

Well, I just checked one broker of the list and YES they do offer synthetic products for trading, like CFDs.

https://www.ampglobal.com/trading/forex_cfd_markets.html

 

[Overnight]

Well, I just checked one broker of the list and YES they do offer synthetic products for trading, like CFDs.

https://www.ampglobal.com/trading/forex_cfd_markets.html

For Euro traders, yes, at AMPGlobal, not AMPFutures. Two different entities. But when you trade a CME future, you're not trading a bloody synthetic tangle of shit.

Why is this so hard for you to believe?