How much money could I make day trading stocks?
I’m new to stocks and am just starting to learn the ins and outs…because I’m a beginner I just want to start off day trading maybe 100 bucks worth of a stock to get the hang of it…how much could I make by just selling high and buying low all throughout the day?
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Filed under: Day Trading
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Here’s a word of advice: Until you *do* get the hang of it, just pretend that you’re investing $100 a day and see how you do. Otherwise, you may as well just go to Las Vegas and put $100 on red or black at the roulette table every day.
The problem with your approach is the “just selling high and buying low all throughout the day”. How do you know which stocks are going to go up on a particular day? If you do come up with an answer to that question, you’ll have a skill that no one in history has ever had: the ability to tell the future.
Your ambition is great, however federal regulations will not allow you to day trade. in order to day trade you need to have a minimum account balance of $25,000 as well as a margin account. In order to obtain a margin account you need to apply for one through a brokerage which will more than likely deny your request seeing as you probably do not have sufficient funds to support the account.
If you are so interested in day trading with minimal funds, your best place to start would be forex. Foreign exchange currency trading is similar to day trading in that you will be looking to profit from quick changes in price. Forex trading also allows the trader to be leveraged up to 200:1 meaning that your 100 dollars could be used to purchase 20,000 worth of currency. Look at Forex.com if you are truly interested, they offer a free practice account, that models what it would be like to trade currency actively.
Good Luck!
If you have any questions,feel free to shoot me an email, I’ll be glad to help!
Don’t
100 bucks, minus lets say a 5-30 buck transaction fee to buy and then to sell
You would need to make a return on a daily basis of 10-60%.
We always have 20/20 hindsight, which makes it easy for people to look at a stock and say “Hey I could have bought it here, sold it here, made $5 and do that 4-10 times and I could make a living…
20/20 hindsight
You have ambitions, though your funds do not make it realistic.
As the person above noted, there are certain requirements to be able to trade in the sense that you wish.
~jc
If you’re new to stocks, DON’T DAY TRADE. You’ll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first, making about $30 a day but I was way over my head. My luck didn’t last long and I had to rethink my strategy.
Besides you can’t do much with $100 in the market. Day trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you’ll be lucky if you only lose half your money.
I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100 worth of fake money and play it in the stimulation format. You’ll see what I mean by losing money every easily.
Good luck.
With $100, you would be very unlikely to make anything at all. Why not, you ask? Well, in spite of the volatility that we hear so much about these days, it’s really quite rare for a stock to rise by 10% in a day, and it can just as easily fall too, sometimes very quickly. I’ve been at the trading website and gone to the bathroom, came back to find myself a few hundred poorer. If your stock rose by 10%, you’d make $10, but you would have to pay a commission for buying it and for selling it, and the cheapest commission I’ve heard of so far is $5 per trade. There goes your $10 profit.
I’m no expert on stocks, but I’ve been doing day trades and holding some things longer but not long. If a $15 stock goes up by 50 cents in a day or two, I consider that pretty darn good, a little less is fine, more is a real bonus, and I usually sell it. Aside from your US rule about having at least $25,000 in your account to day trade (I’m in Canada and we don’t have that rule), you need more money to get started with in order to make it work. Study the stock market and what it does so you’ll be ready when you do have enough to work with. Do some pretend trades as if you had $25,000 and see how it works out.
Welcome to the world of stocks. It’s always some where to start from. I was a beginner too and i’ve been involved in stock markets less than a year. I was like you, had limited fund and wanted to start from very small capital. Luckily, I did not just jumped in and start buying stocks freely.
I tried to find the easiest instrument to use to gain from the market and i stumbled across options trading. You can find out what is stock options from http://www.cboe.com
If you want to learn more how to gain from options trading, try these few sites that I come across that provides different strategies to profit from options trading. However, you will have to pay to learn their secrets. It pays to learn about these strategies and it really helps in improving yourself to become a better trader. :
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Hope this will help.
Knowledge is POWER.
the best answer for you…let me know how you do: )
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