In addition to that my Singaporean friends gave me two more: 1. Don't let others know how rich you are, especially your customers and employees. 2. As a little guy, you can make more money doing things no one wants to do.
Go on Amazon and buy a couple of books on day trading stocks. Recent ones with good reviews. Soak up the basics including one or two basic strategies, money and risk management, and the actual mechanics of placing a trade. Then set up your account and only paper trade. Set your paper account (imaginary money) to the same amount of real money you intend to trade with. Learn the platform, shortcuts, etc daytrading the paper account. You can easily wipe yourself out with a stray click of a mouse or an unintentional hotkey press. Get in the habit of keeping your hands in your lap. It is easy to nod off and then who knows what mayhem your momentarily unconscious fingers will create. Do not enable instant order sending until you are very very sure of yourself, like after at least 120 actual trading days. You will make a lot of stoopid keyboard mistakes on top of your bad decisions. You need to remember that if you are a US trader using a US broker, you can only make three round trip daytrades in a five day period. That can leave you STUCK with a position overnight even if the stock price is in a death spiral. If you have a cash account there is no such limit but you have to wait for the cash to "settle" after a sale. If you use an offshore broker you WILL pay commissions on each trade but you will not have to worry about the Pattern Day Trader Rule. I would stay with a US broker but plenty of guys see it differently. Last year I started trading with a small account, I funded it up to $50k and then no PDT business but I started out having to consider my three trade allowance. I lost a bunch of money and got out. A couple months ago I went back in, with a small account. I am funded at $8k and right now I am a bit over $100 above that after dipping down to $7100. You CAN trade with a small account, depending on your broker's requirements, of course. But the PDT rule is a hassle that you must make allowances for. 1% is considered a pretty good day's profit, especially for a newbie. 1% every day will double your account in 70 days. But you likely will get a few days more than that, and a lot of days less and mostly losing days. Now take 1%... of $1k is only $10. Not much coin for spending half the day in front of your computer when you could have been flipping burgers for 5x that much. To make more, you have to assume a lot more risk and you will melt down your account a lot quicker, maybe a couple of days. Unless you are super lucky. Make no mistake. Trading IS GAMBLING. You are betting on the direction and amount of the price change of a stock. There are patterns and indicators and fundamentals that help you make your decisions but you can always be wrong. If you bet out strong on a risky play and make $500 profit on $1000, you make 50%. If you lose that same $500 you lose 50% but to get back in the green you have to make not 50%, but 100% profit. So it is a lot harder to come back up from a big loss than to make a big win from the green. If you make 50% on your $500 account after losing $500, you are still going to be $250 down. The moral of that story is don't lose, but if you do lose, lose small. Live to trade another day. Don't go in for high risk plays unless you can afford to lose your money. Only gamble with what you can afford to lose. Don't trust luck. It can turn on you. Don't trust a bull or bear market. It can turn around in a minute. Learn about stops and use them as appropriate. MANAGE YOUR RISK AND YOUR MONEY. Make a set of trading rules and follow them. Don't trust your instincts because they will usually be wrong and you need your decisions to usually be right. You can sign up for a free Alpaca paper trading account, and trade it using TradingView as your platform, without depositing any money with Alpaca. I don't know but maybe someone better offers a free paper trading account. You may have to pay for price data. Or just deposit the money and DO NOT TRADE WITH IT for a few months while you really spend some time paper trading. The odds are still stacked against you but you at least have a fighting chance if you do your homework and practice practice practice. Sort of like sitting down at a poker table where you don't REALLY know how to play poker, but at least you studied enough to know the rules and what beats what. In other words, get ready for a bad beat. But you might enjoy it and you can consider your losing days to be lessons in the game. Oh, and thanks for your money. You see, I will be trying my best to take it from you, along with everyone else.