What is good amount to start day trading is 100$ enough??
- Thread starter Yael
- Start date
Roman
Member
You can possibly even lose every single time and never earn. If you are a beginner, losing so much can mean you should take a break and learn more, that is probably what's needed for you to start earning, it's a winning strategy that is proven to work.
And to answer your question in the OP, "invest only what you can afford to lose".
Easton
Member
For me, even small or large capital in your account, it will not matter. Just RISK MANAGEMENT.
Since, it will also depend on the amount allocated for every position you will enter.
Like 10% of total account balance, or 20% or less/greater than.
You need risk management, you need to plan and stick with it, your target or stop loss
Since, it will also depend on the amount allocated for every position you will enter.
Like 10% of total account balance, or 20% or less/greater than.
You need risk management, you need to plan and stick with it, your target or stop loss
Jeremiah
Member
No, In short words 100$ is not enough to start day trade. Again you can start by this amount but you can not earn profit from it except lose. Suppose you start the trade with 100$, how much you want to get profit from it? Basically, for a day trade, we should not expect more than 1-2% per day. So for 100$ 1-2$ per day is enough for you? and you have to mind that there is an exchange fee in this profit. And you can not win every day, sometimes you will lose more than profit. Thus you can lose all of your capital
Cooper
Member
It may be even in 100s if you are not ready to find out what you exactly missing which lead to big losses. I mean you must take time to find out what are the reasons which pushes you to lose your trading account. It will be as simple as anything else because you just need knowledge on how to maximize your profits and how to minimize your risk levels. Just watching YouTube videos will be more helpful for you to become a successful crypto trader.
Please do not open another trading account until you gain enough knowledge by trading with paper-and-pencil or in demo accounts.
Just keep investing without identifying the actual problem will lead you to be bankrupted. Do not let things go on its own; control it and move it as prescribed by professional traders
Angel
Member
There really isn't an answer to the question "how many". If you're trading quite blindly, it's possible to lose every time you trade, but it's also possible to win every time you trade. Since you've experienced trading, you should know what are the reasons you lost right? Starting from the wrong market movement/prediction that you thought of, try moving your mindset from there. Additionally, there isn't any trader that doesn't suffer any losses, but they can minimize the losses they get. That's probably the best end result they can achieve if they lose money.
As for the amount, $100 seems to be quite enough imo, just that don't expect any big profits to suddenly come in. Day trading doesn't really give out big profits since you take advantage of the minimal changes that happen in the market
As for the amount, $100 seems to be quite enough imo, just that don't expect any big profits to suddenly come in. Day trading doesn't really give out big profits since you take advantage of the minimal changes that happen in the market
Ian
Member
Well, if you have been lost 5 times successively perhaps you are not yet ready to gamble your money in trading. Even though how big or small if you have a lack of knowledge it will keep losing until your pocket becomes empty. There is nothing to hurry in trading, spend more time doing research. I am not a good crypto trader but I won't rely only on my technical analysis, --sometime your emotions will drag you down if you follow on it. Indeed, a good suggestion if you combined your references. Correct resources and updates are very helpful and the most important are skills and knowledge.
Robert
Member
I don't know if $100 is enough for you to start in trading but for me, that is not enough. First, the transaction fee you need to pay for that and a small amount of $100 will hardly recover from those fees when you are in trading. $700-$1k is a must in trading, you can choose different pairs of a coin to trade. But managing risk will depend even on how small amount is that.
Ezekiel
Member
Your question does not match the name of the topic you created.
The important thing is not how much money you lost, because you can lose in one minute.
The important thing is how much time you spent studying and practicing. The more the higher the likelihood that you will trade profitably despite losses.
Any amount is sufficient if you use the calculation of the deposit as a percentage
The important thing is not how much money you lost, because you can lose in one minute.
The important thing is how much time you spent studying and practicing. The more the higher the likelihood that you will trade profitably despite losses.
Any amount is sufficient if you use the calculation of the deposit as a percentage
Connor
Member
You can lose as much you can specially when you are just starting up.Losing is inevitable even how pro you are,you're still
prone to it but the difference between a noob and a skilled one is that even in spite of the losses those experienced ones
would able to suppress out the risk and making themselves profitable in the end of the day.
Dont rush up too much to be profitable because trading cant be learned overnight.You wont know on how much you would
lost overall before you do able to get yourself profitable
Miles
Member
If you have the stop loss option for 5% then you can lose it 20 times, if it is 10% then it is going to be 10 times.
But the capital $100 is really good to start with not for profit-making it is enough for learning purpose,once you started to make money then you can move to huge capital which is affordable for you to lose