Is it REALISTIC to assume that if someone were a ABOVE AVERAGE day trader to expect them be able to earn around $350 per day from RELATIVELY low risk trades with up to 25k of investing capital.
2007-04-09 20:08:52 · 3 answers · asked by bullybully 1 in Business & Finance ➔ Investing
No.
If you traded 200 days a year and made $350 per day you would make $70,000 per year.
You cannot make $70,000 profit from a $25,000 investment in one year without taking large risks, no matter how much above average you are.
2007-04-09 20:33:02 · answer #1 · answered by zman492 7 · 1⤊ 0⤋
Be aware that if you make more than 4 opening/closing day trades in a 5 day period that your account will be flagged as a pattern day trader. You are then required to have at least 25K in the account. If your account falls below this amount it is locked until a) you deposit additional money to bring the account balance up or b) wait on the 90 days it is locked. Although some firms give you a one time unlock, but don't expect it twice. Be sure to take commisions into account, and know that if you're using a discount broker (Scottrade etc) your fills will be quite delayed in a fast moving market. So you'll miss out on a lot of movement.
2007-04-13 16:59:29 · answer #2 · answered by OptionsMarketMaker 1 · 0⤊ 0⤋
I say it is very possible if you know what you are doing. Do all the research on it that you possibly can and you can do it. Pay attention to the news about the the stocks you want to trade, watch the bid/ask prices, the pre-market and after-market activities and I think you could even make more than that on average. Everyone else in the world it seems will tell you differently, but I say you can do it. I have just gotten interested in day trading and I don't have $25,000 yet but I will trade as much as I can until I get there. Good luck!
2007-04-10 16:54:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Day Trading with 25k?
2014-12-04 21:14:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋
There's never been a shortage of people peddling the idea that you can make a ton of money easily. Day trading is just a fresher pile of manure. Don't do it. If you ever meet anyone who claims to make a living day trading ask to see their tax returns. They're lying. The people who sell you the programs are able to do so unscathed because it's not illegal. It is in fact possible. It's also possible to be hit by a meteorite but that won't happen to you either. Day trading is a sucker game. Don't fall for it.
2007-04-09 23:35:12 · answer #5 · answered by Big R 6 · 1⤊ 0⤋
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