Discussion in 'Trading' started by inomad, Aug 26, 2008.
How much buying power one need to make consistently $500/day ?
What is your experience?
sorry, forgot to mention....daytrading stocks.
what is your experience?
when you got to make let's say 15 days in a month , around 500 $/day?
I dare to ask also, if you would use all BP at every trade (or most of it) or you plan to use 25 %(or other percent) for each trade and eventually use the rest if needed .
I know this answer depends on each particular trader or his strategy , but I would appreciate any advice
Are you already consistently successful, ie are you up net over commish for a decent amount of time (~3 months)?
yes, but it's like a level I can't pass and overtrade....
that's why I'm asking....maybe I try to much and I don't have enough BP.....
Well, if you already have a consistent approach, a BP increase sounds like what you need. My suggestion is to forget about shooting for a $$$ figure right now and just increase your BP and trade like you have been but just with a bit more size and see how that works for you.
Well I work prop so I don't run into that problem because I'm given more BP than I would need 99% of the time. Nothing worse than missing a good opportunity because you are lacking BP.
I don't trade positions based on BP, I trade based on risk.
Having a shitload of enveloping bids .50 away from the inside market getting filled seconds before a stock gets halted on terrible news is worse than missing a trade any day
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