StockFetcher Forums · General Discussion · Day Trading<< 1 2 >>Post Follow-up
msg #83756
Ignore einok
12/2/2009 5:36:01 PM

How much money should a person have on average to day trade? What are the best vehicles to use? Stock, options?
I was monitoring the Buyzone Techniques today. Do those work on other stocks? How about RSI 2? Does that work intraday very well?

I am mostly swing trade and long term. I look forward to any comments or suggestions for starting day trading

I am having some success with RSI 2 with swing trading. A couple of good 25 plus % profits since yesterday.

Thanks everyone

3,847 posts
msg #83946
Ignore Kevin_in_GA
12/7/2009 2:08:04 PM

I'm surprised no one has responded to this yet.

$25,000 is the required minimum account to day trade (a requirement for Pattern Day Traders by the SEC).

There is no best investment - it depends on your trading style and appetite for risk. You might want to look at TRO's MTC (milk the cows) thread - lots of good stuff in there.

I would suggest that you day trade on a practice account for a few weeks to try it out before putting your hard earned monies at rsk. Be smart. All great athletes practice more than they compete.

273 posts
msg #83970
Ignore SFMc01
12/7/2009 4:35:59 PM

May I suggest that a critical consideration is the amount you have determined is the maximum dollar amount you will trade at any one time. Much has been written about "amount at risk."

2,817 posts
msg #83971
Ignore chetron
12/7/2009 6:49:58 PM

if you are below 25000, you can make 3 day trades a week and not be labled a pattern day trader.

3,847 posts
msg #83972
Ignore Kevin_in_GA
12/7/2009 6:55:07 PM

Yes, by splitting your account into three accounts, and trading them sequentially.

671 posts
msg #83986
Ignore miketranz
12/7/2009 11:37:43 PM

With $25,000 you can set up a margin account to day trade.You now have $50,000 of buying power.If you day trade often enough,you'll be classified as a pattern day trader.You now have $100,000 of buying power.Any stock bought and sold the same day on margin,is a free ride on margin percentage costs.You just pay the brokerage commission.Day trading is the most stressful form of trading,requires constant focus,is extremely addictive and is the most difficult place for a beginner to make money.If you want to get your feet wet,start of with very small size,until you find something that works.Good luck.........

724 posts
msg #83995
Ignore 13th_floor
12/8/2009 8:33:33 AM

You do NOT need $25k to daytrade....

622 posts
msg #83998
Ignore luc1grunt
12/8/2009 8:47:24 AM

Look at trading the ES. Save yourself some acounting and tax pain and avoid chasing every stock coming down the road. My $.02 :)

622 posts
msg #83999
Ignore luc1grunt
12/8/2009 8:50:39 AM

Let me caveat that as I do not know your experience level. The above post assumes you understand system development, trade management, and money management. Trade one or just a few stocks until you understand their moves and YOUR system. When one of those begins to change dynamics and your trades become less profitable, be ready to find another "heavy".

ES eliminates this.

273 posts
msg #84029
Ignore SFMc01
12/8/2009 1:09:08 PM


"You said: "Look at trading the ES "

Respectfully, I have no experience with trading the ES and am reluctant to start with no training or mentoring.

Do you have a suggestion as to reading material or training?

Thank You,


StockFetcher Forums · General Discussion · Day Trading<< 1 2 >>Post Follow-up

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