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/biz/ - Business & Finance

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26220865 No.26220865 [Reply] [Original]

Looking to get into daytrading. What amount of cash would be recommended to start with?

>> No.26220987

>>26220865
50? 500? 5000?
doesn't matter, you'll still end up with the same result

>> No.26221026

Daytrading of crypto or stonks?

For the latter, the absolute minimum is $25,000 or you won't even be able to day trade. I'd prefer to start with more like $100k.
Then, how much do you need to make with it? Is this something you plan to do on the side or do you need to be drawing down to cover living expenses? If relevant, how high are your living expenses.

>> No.26221042

the amount you first want to lose is a good starting point

>> No.26221057

>>26220865
demo trading for months, then $1000

>> No.26221085

>>26220987
based and truthpilled

>> No.26221133

What about Forex trading?

>> No.26221149

>>26220865
$200-500 start of year, Do not fuck up do not refund if you fuck up. Sell account at the end of the year or balance portfolio with dividends

>> No.26221177

>>26220865
You're required by your brokerage to have $25k to start day trading. If you don't they will lock you out. You could try day trading crypto I guess but that's even more retarded.

>> No.26221202

>>26221177
wtf are you talking about

>> No.26221211

>>26220865
try all of it.

>> No.26221307

have fun losing all your money retard

>> No.26221360

>>26221177
Only if you're amerifat. Other countries don't have your retarded restrictions.

>> No.26221406

>>26221202
literally robinhood. this anon is 14

>> No.26221434

you'll do well if you only lose half your initial daytrading crypto

>> No.26221453

>>26220865
everything you have, you'll lose everything eventually anyway so might as well just speed it up

>> No.26221475

Is that the vocalist from in flames?!

>> No.26221502

>>26220865
>daytrading crypto
hope you hands are strong enough

>> No.26221539

>>26221360
Why is America the most restrictive country in the world?
Fuck arbitrary regulations these boomer faggots can suck my cock

>> No.26221580

>>26221406
That rule applies to every U.S. brokerage you retard

>> No.26221598

>>26220987
Which is broke

>> No.26221630

>>26220865
everything you have. Also take out some loans