What is good amount to start day trading is 100$ enough?? - page 2.

Zanab247

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How many times one can loose all his trading accounts before really start trading and earn.

I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.

If you fail to follow instructions in the areas of trading, you will continue to loose until you know how to trade and earn well in your trade. You can lost more than 5 time in your trade, if you fail to learn all the Strategies that lead traders to their success.

sniveel

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If I am the one to start trading, 100$ is too much for me to handle if I am newbie with it. Without enough knowledge on crypro trading then there is a chance that I will lost most of it in trading. When I start knowing about cryptocurrency, I don't really have a money to start with.

Natalim

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More than enough, remember you are just starting, meaning you don't have an experience yet so it's just right to start small and gradually increase the amount as you improve being a trader. Everyone wants to make profit in trading but don't be too aggressive, don't follow your emotion or greediness, be smart, start small and build that capital for you to grow in trading, then the rest will just follow.

BELIEVE ME!

Kong Hey Pakboy

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Just don't follow this bad advice, "invest only what you can afford" because you are treating investment is like gambling that you are willing to lose the money that you invested. I know investing your money is a risk, but you shouldn't let all of your money lose.
I think if OP would like to start a day trading, a 100$ is enough because it is also the same amount that I started from trading in cryptocurrencies, and he can be able to gain profit from that kind of amount, as long he is willing to calculate the risks.

hahay

legendary

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I guess it depends on what coin you will start day trading with but at least $100 is good enough if you have a good plan to do so. Because, no matter how much capital you have if you only buy trends, I'm sure you will still lose. So, I think whatever initial capital you have it will basically be good if you can adjust in choosing what coins have the opportunity to give you a quick profit because day trading is looking for quick profits and not holding for a long time.

nista

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Don't invest more than you can afford to lose.
With this in mind, invest as much as you like.

pankowri

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So there are many comments you have got already. In my opinion with two years of experience, I can say this is not enough for a day trading because profit will hardly be seen from this small amount. Like you will get 3-5% profit by investing $100, the equivalent amount of max 5% is 5$. I think it is not enough for you. If you consider that amount, then you can go for it. Otherwise, you need more money to start with.

rhodelmabanal

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I think 100$ is enough to start trading, because if you are a newbie in trading you dont need to start in a big amount, you are still in the learning stage and using big amount to start trading is a quite risky than using small amount because at first you maybe cant do trading perfectly in short you are prone to lossing of funds you need to be careful and learn trading in a slow way and used an amount that you can afford to loss.

Anyobsss

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Quote from: mnporter2001 on September 24, 2020, 08:09:27 AM

Quote from: bangkecol on August 27, 2020, 08:20:03 AM

I have experience on daily trade. It is not easy to do it. We must have good money management and understand to analyze the chart.
I recommend to firstly learn about trading by practice with virtual account before trade with real money.

I don't think demo trading will help the trader. because I tried trading on a demo account for 3 months and after that i was trading with a real account, as a result I still got burned. The reason behind that is that the demo account always makes us feel safe, it will make us not disciplined.
so we still need to use our real money to transact; it takes a sense of loss to find the best strategy to prevent that. That is also considered a motivation trap.

Demo trading is just there to guide you before you enter real trading. Yes, it make you feel safe and undisciplined since you're not using you own money but it is still effective to gain confidence, experience and to be more comfortable in executing trades. If you're feeling that demo trading isn't helping you to be discipline, maybe you should try considering the demo money as your real money.

peterpanda

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$100 is not a little amount but in my opinion, you can star with at least $300 because you will have to pay fees in different sectors. Trading fees, withdrawal fees, deposit fees and so on. So try to enter with at least $300.

Gozie51

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Quote from: OgNasty on August 17, 2020, 01:52:22 PM

Losing $100 daytrading seems like a decent financial lesson. So long as you learn the lesson.

Learning a lesson is to put your emotion on check. This is difficult to do and that is the big problem traders can have from what I have read. It is risky when you see an order that appears good for profit but you have taken a wrong one.

MWesterweele

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Quote from: Tomcolor on September 19, 2020, 04:12:37 PM

I can say in a very small way that how you run each business will depend entirely on your personal and how your meditative ideas will work in your experience. If you have good trading experience, you can make a good profit with little capital. Maybe the amount of your profits will be less depending on the amount of capital. But if you are in new then you should also start with a small amount of capital, So that you can bring confidence about your experience and start with good capital later on.

A 100$ for me will be enough to start here in crypto but in term of investment A start for an investment but a 100$ for a trading i dont think it will be enough. Well if you are already a knowledgeable trader and know how to play the market well i guess you can make the most out of 100$ but if your a newbie in trading i'm afraid that you only risking the amount you have. A 100$ is a small amount but does your 100$ can already buy a food to fed you right. Just think about it.

vSliceDev

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There are no exact rules of capital used to start day trading, because everyone has different financial abilities. Most importantly used
money that we can afford to lose, to start day trading with $ 100 is not a problem. And if it happens losses when day trading like you
experience it is normal that happens to all traders, even myself several times suffered losses. That will be a valuable lesson in order to
find the mistakes we make and not will repeat it again, in the end we can produce the profit we want.

mnporter2001

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Quote from: bangkecol on August 27, 2020, 08:20:03 AM

I have experience on daily trade. It is not easy to do it. We must have good money management and understand to analyze the chart.
I recommend to firstly learn about trading by practice with virtual account before trade with real money.

I don't think demo trading will help the trader. because I tried trading on a demo account for 3 months and after that i was trading with a real account, as a result I still got burned. The reason behind that is that the demo account always makes us feel safe, it will make us not disciplined.
so we still need to use our real money to transact; it takes a sense of loss to find the best strategy to prevent that. That is also considered a motivation trap.

Dorodha

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Quote from: Aqcizromencez on September 19, 2020, 08:00:20 AM

$ 100 is enough to learn to trade but it is not easy for a beginner you will find a loss, but don't give up and continue to learn from previous experience, analysis first before buying a coin is the key.

You are right that if you do not analyze the market well if you do not have any knowledge about the market there will be a risk no matter how many dollars we start with. This is why you need to know the market first and move forward by trying to learn the trading rules. If traders can master the trading strategies they will easily make a profit and will be able to start with less than 100 and do more.

Mkmanik

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$100 is a good amount for doing trade.But I dont suggest you to do trade now. because as a newbie first try to learn how to do trade. try to learn technical analysis, fundamental analysis etc.how to read chart,how to find out support-resistance, know how to do risk management. without those experiences never try to do trade. you will loss your capital surely

I believe first learning, than earing. so first try to gain that knowledge. after that you can even start with $50. because at leverage trade you can use 100x (+)i dont reccoment to use 100x,just sharing the idea. leverage trade is also very risky,you may get liquidated soon. for newbie 4-5x leverage is fine. Risk management is very essential for every kind of trade. so my suggestion will first try to learn Technical analysis than come for trade
Good luck

yeamin.rsl

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100$ is not good enough for day trading. If you want an income from day trading, start with at least $1000, and preferably $3,000 to $5,000. This amount allows you to potentially start building a monthly income, which is what most day traders are after.The single biggest reason why most traders fail to make money while day trading is lack of knowledge,so you have to learn more and more to be a successful day trader.

azmirihaque

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Quote from: Bvvvp009 on April 12, 2020, 08:33:49 AM

How many times one can loose all his trading accounts before really start trading and earn.

I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.

Losing your account more and more proves that you have a lack of knowledge about it. You should gather knowledge first before opening another trading account. If you cannot know how to handle and operate a trading account, you will loss your account again.

Tomcolor

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I can say in a very small way that how you run each business will depend entirely on your personal and how your meditative ideas will work in your experience. If you have good trading experience, you can make a good profit with little capital. Maybe the amount of your profits will be less depending on the amount of capital. But if you are in new then you should also start with a small amount of capital, So that you can bring confidence about your experience and start with good capital later on.

Aqcizromencez

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Activity: 486

Merit: 10

$ 100 is enough to learn to trade but it is not easy for a beginner you will find a loss, but don't give up and continue to learn from previous experience, analysis first before buying a coin is the key.

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