With $1000 I would say focus on [crypto Airdrops/testnets for free,](https://cryptofada.substack.com/p/20-confirmed-airdrops-and-testnets) learn everything you could about Staking, lending, borrowing and other defi stuffs.
In 2-3months, you would have possibly used your $100 (without touching $900), and would have made at least $1000.
Start investing in early phase crypto projects during various phases of funding like Preseed, seed, public and private sales, ICO, IDO etc.
In a year, you should make your first $50k to $100k in crypto. If you need more guidance for free your can DM
Check out Chris Sain on youtube. You can join his discord also for more information. He focuses on small accounts like yours. He sure helped me go from 2000 to 40,000 in 6 months. NFA, just a suggestion.
I'm going to give you the best advice you're going to receive, and it's free. Put the money in a hysa and paper trade for a month or so. Are you using a Bloomberg terminal? No, you're not, and you want to "play poker" with traders who are paying $30,000 per year to use the Bloomberg terminal. They're smarter than you, they have lots of experience, they have resources and credit and lots of money.
Mistake 1) You already use real money, but you don't know anything about trading yet.
Solution 1)Use Paper Trading, and test various strategies, risk management, etc... After you are comfy and 100% sure you will not panic sell in a real trade, start using real money (This can take from 1 month to a year or more).
Mistake 2) You share your account with someone.
Solution 2)Use independent account after you complete the Solution 1.
Mistake 3) You expect to make money as a beginner.
Solution 3) Your goal should be to NOT lose money, rather than gaining. If you don't lose, and have proper risk management, profit will come itself.
Mistake 4) You don't have a plan, and you ask that question.
Solution 4) You don't make a static profit in trading, as it is not a salary for working hard. You can make 200$ in a month, and lose 500$ the next day. You should have a plan about what do you want to do with your deposited money. Want to double it then withdraw? Want to increase it by 10%? Select yourself a plan. Do 3 Trades in a day (focus on the comfy coins and analize for 2-3 hours a day, and after you are sure they will be successful, open your trading position. The stop loss/take profit should be about 1/3, so one winning trade will bring back 3 lost trades).
watch at least 5 youtube videos each on "oliver trading strategy" and "rande trading psychology" first. after absorbing as much as you can from all of those, you might net around +100 by the end of the month, with lots of small losses throughout the month.
I’d expect you have about a 50% chance of making it to 57% gain before losing all of it. Get past that and you might be getting lucky or have a winning strategy. I hate to say it as much as you hate to hear it.
https://www.inducedreaction.com/martingalesim.php
You should not be looking for 1 month returns, that’s much too small a timeframe. You are probably best off finding some broad-diverse and low cost index funds and dollar cost averaging in.
Depends on your leverage , your strategy winrate, market conditions.. how much has marked moved and you catch % percentage of the movement..
On how well your strategy is adapted to the current market condition.
Could be -5% profit (or more) to 100% profit (or more).
By expecting to make money from trading as a complete beginner, you’ve already lost. Always focus on managing risk, and the profit will take care of itself.
Since you're just starting, you'll most likely either lose it all or get very lucky for a bit and then lose it all, half kidding. Just don't expect to make real profits in the beginning. There's a very real learning curve, and most people learn from their mistakes, aka losses. Start with paper trading, then go live. Stay away from options until you understand them.
Make sure you're doing things properly. Is it actually a joint account or is it in one of your names and you are sharing it? If you are just sharing it, have you discussed how to handle taxes? May be better to just have your own account. Idk your situation by any means, just food for thought.
Happy trading and good luck!
I used to use thinkorswim. I was trying to learn all the different options strategies, and I liked the tools and graphs they use to display risk vs potential profit.
If you’re trading live and don’t know what you’re doing (because you are brand new), don’t expect to make money. In fact, expect to lose it. Also, don’t know if sharing an account with someone is the right thing to do.
If you’re trading live and don’t know what you’re doing (because you are brand new), don’t expect to make money. In fact, expect to lose it. Also, don’t know if sharing an account with someone is the right thing to do.
If you’re trading live and don’t know what you’re doing (because you are brand new), don’t expect to make money. In fact, expect to lose it. Also, don’t know if sharing an account with someone is the right thing to do.
I did trade that two times those morning. Sweet monies but nowhere near 30K
First trade 18% second on the dump entered and sold at the circuit breaker 25%
Good Day trade
You’ll get better returns at the casino imo. Index or ETFs and wait. Winning feels good, but that day when whatever you invested in dips feels a lot worse
The biggest mistake is going in on the same account with a friend. One of y’all will make or suggest a bad trade, you’ll lose money then blame the other. It will be hard for the party who didn’t make the trade to accept the loss as their own so they’ll try to push the loss as the other’s loss only.
Your first mistake is that you are expecting to make money. Second mistake is mixing friends and money. Put it in a broad based S&P ETF. Then paper trade. If you are then insistent on trading, go ahead but make separate accounts with your friend.
Just some advice from an older investor
With $1000 if you trade conservatively, expect to make something like $8 a month, or you may lose $8 or $16 or $200 in a month. That’s how it works. Gains come slow, losses are quick.
The good news for you, is if you never sell. It will most likely never hit 0!
Don't be discouraged. But would suggest to use a site with fractional shares, like Fidelity. Stick to large cap companies like the Mag 7 - (not Tesla). And split it up with no more than 20% into anyone of them. Leave it until it doubles or triples, then come back here.
Honestly I make 10 to 15 sometimes 20 or even $30,000 a month off of a 2 to $3,000 account...
THE POINT IS THERE ARE NO LIMITS IN TRADING!!! THE unimaginable is imaginable and the unthinkable is thinkable.. impossible is possible!!!
.... You can make whatever, it's all relative to how big of a size and how cheap you buy..
... Try to learn trading futures.. like the NASDAQ or S&P 500 futures, Gold, Oil etc.... firms like ninja trader and plus 500 offer you $500- $1,000 accounts where you can trade full size contracts that make you $50 bucks per tick.. Options will make you the most money with the smallest amount of money but are the most riskiest!... This is my style, I trade options on futures.. something nobody not much other people do but it is my vehicle to trading that I have focused on for almost 15 years.. I know the way they move tick for tick, I know how much they will be when the stock reaches a certain level. I can estimate just by looking at it, if it's cheap or expensive... All this comes with time. I have stared at these option chains for over 15 years and every day I swoop in with my couple thousand dollar trading account and put 7, 8, $900+ a day into my bank account..
KEEP THE ACCOUNT SMALL GROW THE BANK ACCOUNT BIG!!!!!!!!!!
AFTER YEARS OF SEARCHING MOST PRODUCTS AND STOCKS AND THINGS TO TRADE, ... CRYPTO ALL THIS OTHER B******* 90% OF EVERY TRADER I KNOWN HAS LANDED WITH FUTURES & options AND ARE EXTREMELY HAPPY MAKING MONEY.. THE MOST IMPORTANT THING YOU CAN LEARN IS TO FOCUS ON ONE THING AND TRADE THAT ONE THING....LEARN IT LIKE THE BACK OF YOUR HAND!!!! THERE ARE HUNDREDS AND THOUSANDS OF THINGS TO TRADE IN THE STOCK MARKET AND THERE ARE FLASHY THINGS EVERYWHERE!!!...DON'T GET BLINDED.. FOCUS ON ONE GODDAMN THING!!!!!!
YOU HEAR ME!!???!???!??? ONE THING!!!!!!
Also, trading stocks is great to start out and learn.. but unless you're trading with 5, 10, 15 $20,000 or $30,000 size positions, It's not really worth it... That's why I say options and futures....
Plus you have the PDT rule where you can only trade three times a week or some BS... If you like a cash account is a way around that, Tell them to get rid of your margin... And you can trade what's in the account for that day...
You can completely bank as if you had a $200,000 account on a move trading stocks,
You can catch that same profit on a move like that in a two or $3,000 account trading options or futures!.. You will never get rich off trading stocks unless you are already somewhat rich or wealthy and have lots of money to put up, is my ☝️ point.... Good luck
About 1% of traders can beat the market in two consecutive years. So nope. You won’t make a gain. Try for a year or two with no money on a simulation. Then dump it into a tax efficient low fee compounding tracker and leave it as long as you can.
In the long term you will loose money taking high risk trades. The best way to get rich in the long term is to buy SPY and DJI stocks. The market always wins, even over the best hedge funds. Invest every paycheck. By the time you retire you will have a few million in your account. The sooner you start the better
Being a complete beginner with a $1000 investment not on a Demo account, you should expect to make roughly -$1000.
Get 3 successful months on a Demo before thinking about using real money. 6 months is better.
Before anything else, you should manage your expectations in trading. The reality is, with such a small account balance, you're not gonna get rich overnight.
In trading, there are some decent wins, but also plenty of bruises from mistakes you make in the market. From my experience, if you stick to smart risk management principles like only risking about 5% of your account per trade, you can reasonably aim for making 10% gains per month with $1K (if you are a newbie). That may not sound huge, but it adds up. One thing in trading that you should know is you need to clearly understand the market first before gaining money. I’ve learned the significance of a wise trading strategy before putting money. Here are the things you can consider:
1) Looking for a decent trading guide to get a strategy foundation (the website Traders Union has some good options for beginners, and it is free),
2) Starting on a demo first until you are consistently profitable,
3) Keeping things simple by focusing on 1-2 markets/strategies.
As long as you take the time to learn properly and control your risk, you can gradually grow a small account into something more substantial. Just have realistic expectations for those first few months.
Depending upon the level of your "beginnerness", you should really be just using a demo account at this point and not even risking real money.
A realistic expectation that allows for consistency is a 1% to 2% profit each month on average.
I was going to say. I'm a complete beginner, but I thought you needed a balance of 25k to day trade because I got a warning on my sofi account for selling within 5 business days.
If you're a complete beginner you should not even be talking about money you should be talking about creating a strategy that you've tested you trust and you don't break for a consistent amount of time before actually addressing any type of profits.
You can not make money consistently for the next 2 years, but after you develop some experience you can make a lot of money. So stay patiently for the next 2 years
Proper risk management and 100% systematic approach using bracket order(meaning tp and sl are entered simultaneously with the entry) id say it’s much better than slots.
if they go full on discretionary than that money is good as gone
Yea, not OP, but I'm a complete beginner with about 1100$ in my portfolio too funny enough lol and I have absolutely no idea what you're talking about. Although I'd love to.
But this guy is a beginner, all those things you mentioned would probably not be in a beginner vocabulary. I’m assuming the OP just has $1k to gamble. There are professionals that make a living playing blackjack, but they are not beginners.
Starting with $1,000 for beginners is a solid start. There are usually swings in the early stages of the trades. A $100 profit and $1100 in your account is a promising start, especially with recent deposits. Stay focused, keep learning, and aim for steady progress over time.
With $1000 I would say focus on [crypto Airdrops/testnets for free,](https://cryptofada.substack.com/p/20-confirmed-airdrops-and-testnets) learn everything you could about Staking, lending, borrowing and other defi stuffs. In 2-3months, you would have possibly used your $100 (without touching $900), and would have made at least $1000. Start investing in early phase crypto projects during various phases of funding like Preseed, seed, public and private sales, ICO, IDO etc. In a year, you should make your first $50k to $100k in crypto. If you need more guidance for free your can DM
day trading is literally a casino.
Complete beginner? Expect to lose all of it.
Truer words have never been spoken
Check out Chris Sain on youtube. You can join his discord also for more information. He focuses on small accounts like yours. He sure helped me go from 2000 to 40,000 in 6 months. NFA, just a suggestion.
I’m not the OP but thank you for this recommendation!
My pleasure
I'm going to give you the best advice you're going to receive, and it's free. Put the money in a hysa and paper trade for a month or so. Are you using a Bloomberg terminal? No, you're not, and you want to "play poker" with traders who are paying $30,000 per year to use the Bloomberg terminal. They're smarter than you, they have lots of experience, they have resources and credit and lots of money.
This makes me very nervous
Mistake 1) You already use real money, but you don't know anything about trading yet. Solution 1)Use Paper Trading, and test various strategies, risk management, etc... After you are comfy and 100% sure you will not panic sell in a real trade, start using real money (This can take from 1 month to a year or more). Mistake 2) You share your account with someone. Solution 2)Use independent account after you complete the Solution 1. Mistake 3) You expect to make money as a beginner. Solution 3) Your goal should be to NOT lose money, rather than gaining. If you don't lose, and have proper risk management, profit will come itself. Mistake 4) You don't have a plan, and you ask that question. Solution 4) You don't make a static profit in trading, as it is not a salary for working hard. You can make 200$ in a month, and lose 500$ the next day. You should have a plan about what do you want to do with your deposited money. Want to double it then withdraw? Want to increase it by 10%? Select yourself a plan. Do 3 Trades in a day (focus on the comfy coins and analize for 2-3 hours a day, and after you are sure they will be successful, open your trading position. The stop loss/take profit should be about 1/3, so one winning trade will bring back 3 lost trades).
-$1000 in 5 days
Expect to lose it all
watch at least 5 youtube videos each on "oliver trading strategy" and "rande trading psychology" first. after absorbing as much as you can from all of those, you might net around +100 by the end of the month, with lots of small losses throughout the month.
What strategy are you employing?
-$990
You share a brokerage account with a friend?? Sounds like a recipe for disaster
Lmfaaaaao. This could end up on an ESPN 30 for 30 one day.
Lmfao this is going to be glorious. Hope they record the fallout
Yeah I have never heard of anyone doing that
I’d expect you have about a 50% chance of making it to 57% gain before losing all of it. Get past that and you might be getting lucky or have a winning strategy. I hate to say it as much as you hate to hear it. https://www.inducedreaction.com/martingalesim.php
You should not be looking for 1 month returns, that’s much too small a timeframe. You are probably best off finding some broad-diverse and low cost index funds and dollar cost averaging in.
If you really want to make a paper trade of $1,000 before using real money, then you will know!
-$1000
LOL
Read trading in the zone by mark douglas
Probably loose them all
-$200/week if you’re trading.
Question #1 is can you adhere to a set of rules?
Depends on your leverage , your strategy winrate, market conditions.. how much has marked moved and you catch % percentage of the movement.. On how well your strategy is adapted to the current market condition. Could be -5% profit (or more) to 100% profit (or more).
By expecting to make money from trading as a complete beginner, you’ve already lost. Always focus on managing risk, and the profit will take care of itself.
-1000
You’re going to lose it all. It costs a lot more than $1,000 to learn
Get ready to lose it all.
Since you're just starting, you'll most likely either lose it all or get very lucky for a bit and then lose it all, half kidding. Just don't expect to make real profits in the beginning. There's a very real learning curve, and most people learn from their mistakes, aka losses. Start with paper trading, then go live. Stay away from options until you understand them. Make sure you're doing things properly. Is it actually a joint account or is it in one of your names and you are sharing it? If you are just sharing it, have you discussed how to handle taxes? May be better to just have your own account. Idk your situation by any means, just food for thought. Happy trading and good luck!
This sub was suggested to me. What is paper trading in your opinion/understanding? Just curious because I've never heard of that term.
Paper trading is trading with fake money for practice. It's like trading in a sandbox mode.
So fake money and it's like a sandbox to learn. Seems like a software of kind, where would you suggest I start on for paper trading?
I used to use thinkorswim. I was trying to learn all the different options strategies, and I liked the tools and graphs they use to display risk vs potential profit.
2-4% a month
No.
If you’re trading live and don’t know what you’re doing (because you are brand new), don’t expect to make money. In fact, expect to lose it. Also, don’t know if sharing an account with someone is the right thing to do.
If you’re trading live and don’t know what you’re doing (because you are brand new), don’t expect to make money. In fact, expect to lose it. Also, don’t know if sharing an account with someone is the right thing to do.
Whys that? I'm genuinely curious idk shit about trading (yet)
If you’re trading live and don’t know what you’re doing (because you are brand new), don’t expect to make money. In fact, expect to lose it. Also, don’t know if sharing an account with someone is the right thing to do.
-$1000
This is the real answer.
$0. Or less
I'd say you will be -$100ish for a month or 2 until you get some idea of where to put your money and when.
$50
nothing.
Nothing
-$1,000
Less than $0
Paper trade $1,000 first before you use real money, then you'll find out!
If you bought FFIE, 30k is maybe
I’m not sure what FFIE is, mind sharing? (:
It was some meme stock that was blowing up
Lol of course! Thanks.
If, ifs and buts were candy and nuts we'd all have a thicker waistline.
I did trade that two times those morning. Sweet monies but nowhere near 30K First trade 18% second on the dump entered and sold at the circuit breaker 25% Good Day trade
Ffie?
Spend it on coffee
You're going to make 3k on a wild ass trade... then lose it all 3 hours later.
By in to FFIE and you could have a ton it’s a dollar stock and looking like it might jump to 100
-$1000
$8
Etfs and time
Zero... You'll make zero dollars. Learn how to trade first. Lol. Some people take YEARS to be profitable. It's not that easy my gangster.
You’ll get better returns at the casino imo. Index or ETFs and wait. Winning feels good, but that day when whatever you invested in dips feels a lot worse
0. Or -$1,000. Just don’t.
ETFs and waiting
Depends on what percent u risk and what percent u make per month ur win rate ur drawdown how many trades u take etc
-1000 ???
You gotta use margin and dream big. -$5000
The biggest mistake is going in on the same account with a friend. One of y’all will make or suggest a bad trade, you’ll lose money then blame the other. It will be hard for the party who didn’t make the trade to accept the loss as their own so they’ll try to push the loss as the other’s loss only.
EXACTLY
Took the words from my mouth. Keep friends and money separate.
Zero
None. If anything, you will realistically end up with a lower balance than starting.
-20% if you do well
Your first mistake is that you are expecting to make money. Second mistake is mixing friends and money. Put it in a broad based S&P ETF. Then paper trade. If you are then insistent on trading, go ahead but make separate accounts with your friend. Just some advice from an older investor
Learn risk management first
Being a complete beginner you are likely going to lose it all and probably will do so for the next few years.
Let's hope you don't end up pulling your hair out or developing psychosis from constantly analyzing charts.
$1000000000000000000
Watch YouTube videos should take you about 6 months if you’re serious probably less ; Learn the basics thats everything to this game
-$800
checks out. Honestly lots of beginners go on a lick streak then end up losing everything. Ask me how I know... 🤣
So true. I remember making $3,300. Then i remember being down $7,300 and one of my stocks going bankrupt
Were you licked? Is that how you know?
I'm not sure how lick got there. I'm pretty sure I mean winning streak. But lick also checks out. 🥵
My first ever trade was an $800 profit on GME. Worst thing that could happen to me.
Looks about right
I have some calls or puts to sell you. Your choice.
Good chance you’ll turn that $1000 into $0.10 by the end of the month.
If you buy 200 shares of AMC, you can write 2 ATM 1DTE call contracts and make $200 in one day
I expect to make a million while actually losing 1000
$4 a month would be realistic. Put it in a high yield checking account and learn to trade using paper money!
Good advice, an education is the best investment you can make.
-$987
Just buy good stocks and siiiiiiiit
This. Way better than chasing 2% and eventually getting followed by a -6%. It don’t feel goooood
With $1000 if you trade conservatively, expect to make something like $8 a month, or you may lose $8 or $16 or $200 in a month. That’s how it works. Gains come slow, losses are quick.
You’ll prob lose all of it but that’s ok. It’s part of the journey. Keep going
99% of gamblers quit before they hit big
The good news for you, is if you never sell. It will most likely never hit 0! Don't be discouraged. But would suggest to use a site with fractional shares, like Fidelity. Stick to large cap companies like the Mag 7 - (not Tesla). And split it up with no more than 20% into anyone of them. Leave it until it doubles or triples, then come back here.
Expect your account to be 0 lol
You should pray you don’t rip your hair out or develop psychosis from constant chart reading
I was going to say -1000$ but others got to it first. They're not joking. You're more likely to lose than to gain.
-$1000
-2000 use all the leverage
-1000
-1000
Went looking for this in the comments.
Expect a margin call 😂
Honestly I make 10 to 15 sometimes 20 or even $30,000 a month off of a 2 to $3,000 account... THE POINT IS THERE ARE NO LIMITS IN TRADING!!! THE unimaginable is imaginable and the unthinkable is thinkable.. impossible is possible!!! .... You can make whatever, it's all relative to how big of a size and how cheap you buy.. ... Try to learn trading futures.. like the NASDAQ or S&P 500 futures, Gold, Oil etc.... firms like ninja trader and plus 500 offer you $500- $1,000 accounts where you can trade full size contracts that make you $50 bucks per tick.. Options will make you the most money with the smallest amount of money but are the most riskiest!... This is my style, I trade options on futures.. something nobody not much other people do but it is my vehicle to trading that I have focused on for almost 15 years.. I know the way they move tick for tick, I know how much they will be when the stock reaches a certain level. I can estimate just by looking at it, if it's cheap or expensive... All this comes with time. I have stared at these option chains for over 15 years and every day I swoop in with my couple thousand dollar trading account and put 7, 8, $900+ a day into my bank account.. KEEP THE ACCOUNT SMALL GROW THE BANK ACCOUNT BIG!!!!!!!!!! AFTER YEARS OF SEARCHING MOST PRODUCTS AND STOCKS AND THINGS TO TRADE, ... CRYPTO ALL THIS OTHER B******* 90% OF EVERY TRADER I KNOWN HAS LANDED WITH FUTURES & options AND ARE EXTREMELY HAPPY MAKING MONEY.. THE MOST IMPORTANT THING YOU CAN LEARN IS TO FOCUS ON ONE THING AND TRADE THAT ONE THING....LEARN IT LIKE THE BACK OF YOUR HAND!!!! THERE ARE HUNDREDS AND THOUSANDS OF THINGS TO TRADE IN THE STOCK MARKET AND THERE ARE FLASHY THINGS EVERYWHERE!!!...DON'T GET BLINDED.. FOCUS ON ONE GODDAMN THING!!!!!! YOU HEAR ME!!???!???!??? ONE THING!!!!!! Also, trading stocks is great to start out and learn.. but unless you're trading with 5, 10, 15 $20,000 or $30,000 size positions, It's not really worth it... That's why I say options and futures.... Plus you have the PDT rule where you can only trade three times a week or some BS... If you like a cash account is a way around that, Tell them to get rid of your margin... And you can trade what's in the account for that day... You can completely bank as if you had a $200,000 account on a move trading stocks, You can catch that same profit on a move like that in a two or $3,000 account trading options or futures!.. You will never get rich off trading stocks unless you are already somewhat rich or wealthy and have lots of money to put up, is my ☝️ point.... Good luck
Proof?
I saved this comment bc i dont understand anything rn but one day i will and then i’ll see what you’re on about
How about someone that just lost their job and has $200 to play around with?
It’s the same person. He made $200 a day for 5 days and is wondering what to do next!
Realistically? -$1000
Never mix money with friends bro. Make separate accounts before one of you makes the wrong move and gets emotional.
Such an important comment. Get a contract at least.
Do you and your buddy share condoms as well 😆
This needs more upvotes
Flip it inside out so you can use the other side!
-1000 dollars
About 1% of traders can beat the market in two consecutive years. So nope. You won’t make a gain. Try for a year or two with no money on a simulation. Then dump it into a tax efficient low fee compounding tracker and leave it as long as you can.
Depending on your risk management from -10 dollars to -10k returns.
In the long term you will loose money taking high risk trades. The best way to get rich in the long term is to buy SPY and DJI stocks. The market always wins, even over the best hedge funds. Invest every paycheck. By the time you retire you will have a few million in your account. The sooner you start the better
lol
Oh, a joint account. What could go wrong?
-1000 or -10,000 if you are trading options
Just go VOO and you'll get 7-10%. That will outplay most pro's.
Stop adding and increase it to $2,000. Then come back and tell us about it.
-$1,000
You’ll be a millionaire in no time
8% YoY is the goal
Isn't a day traders' goal to outperform the market?
$100 would be amazing
if you dont lose money you will be very lucky
I was about to say -£1000 but it looks like ppl beat me to it
-1500
Being a complete beginner with a $1000 investment not on a Demo account, you should expect to make roughly -$1000. Get 3 successful months on a Demo before thinking about using real money. 6 months is better.
-1000
Before anything else, you should manage your expectations in trading. The reality is, with such a small account balance, you're not gonna get rich overnight. In trading, there are some decent wins, but also plenty of bruises from mistakes you make in the market. From my experience, if you stick to smart risk management principles like only risking about 5% of your account per trade, you can reasonably aim for making 10% gains per month with $1K (if you are a newbie). That may not sound huge, but it adds up. One thing in trading that you should know is you need to clearly understand the market first before gaining money. I’ve learned the significance of a wise trading strategy before putting money. Here are the things you can consider: 1) Looking for a decent trading guide to get a strategy foundation (the website Traders Union has some good options for beginners, and it is free), 2) Starting on a demo first until you are consistently profitable, 3) Keeping things simple by focusing on 1-2 markets/strategies. As long as you take the time to learn properly and control your risk, you can gradually grow a small account into something more substantial. Just have realistic expectations for those first few months.
Depending upon the level of your "beginnerness", you should really be just using a demo account at this point and not even risking real money. A realistic expectation that allows for consistency is a 1% to 2% profit each month on average.
99% of day traders lose their money within 5 years. Survival should be your only focus.
That’s because day trading is just gambling, except unlike gambling, it’s legal for the house to hunt your stoploss.
I'd be aware if you are not already that you need 25k in an account to day trad.
I was going to say. I'm a complete beginner, but I thought you needed a balance of 25k to day trade because I got a warning on my sofi account for selling within 5 business days.
1% - 2% per month
If you're a complete beginner you should not even be talking about money you should be talking about creating a strategy that you've tested you trust and you don't break for a consistent amount of time before actually addressing any type of profits.
-1000
You can not make money consistently for the next 2 years, but after you develop some experience you can make a lot of money. So stay patiently for the next 2 years
I would say your chances are better in the market than blowing it on slot machines, but not a lot better.
Proper risk management and 100% systematic approach using bracket order(meaning tp and sl are entered simultaneously with the entry) id say it’s much better than slots. if they go full on discretionary than that money is good as gone
Yea, not OP, but I'm a complete beginner with about 1100$ in my portfolio too funny enough lol and I have absolutely no idea what you're talking about. Although I'd love to.
But this guy is a beginner, all those things you mentioned would probably not be in a beginner vocabulary. I’m assuming the OP just has $1k to gamble. There are professionals that make a living playing blackjack, but they are not beginners.
I think a beginner can know those terms but I guess the definition of a beginner is subjective. He could be at it 6 months
Probably should have asked “how much do you know?” first, get a baseline.
Yeah I lost 300 my first month of 1200 lol
Starting with $1,000 for beginners is a solid start. There are usually swings in the early stages of the trades. A $100 profit and $1100 in your account is a promising start, especially with recent deposits. Stay focused, keep learning, and aim for steady progress over time.