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Re: Realistic daytrading
Hi syamster,
In day trading stocks, you need $25k which will give you $50k buying power. In futures you get more leverage.
With $50k... I am sure you can find stocks that will give you $1 a day. But you need to consider the risk. 1-2% is not impossible. But because of your high expectations you may take more risk for gain. This can turn out positive or can lead to financial suicide.
If you have a strategy that is already tested and works... go for it. With $40k - $50k capital... getting $600-$800 a day is very realistic. Just make sure you control your size.
But with just $10k.... this is pretty unrealistic.
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James Lee
TradersLaboratory.com
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