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thanks for the quick reply
i am thinking about trading about 10 times a month or so
i want to do short term trades
with small gains at first i only have 5k to begin so i want to keep them short and build some money |
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WIth 5k you dont really have enough buying power to make much money. Your commissions on trades will eat up your profit. You will need to have significant moves to really take any profit after commissions are factored in.
Therefore you will want to be trading only a small handfull of highly liquid volatile stocks which have at least a $1 volatility per day. High market cap miners are a good bet for that.
Why don't you paper trade for a while till you have a fairly good system set up thats been backtested and proven, then use your 5k as collateral on a margin loan to really boost your buying power? That way you can actually profit more from these trade? Probabbly best to talk to a financial adviser first before you do that as they will have a clear picture of your financial situation.