Yes you would be fine. You can trade with the amount of money that you wire to your brokerage. Trading on a cash basis means if you wire $5000 to your account, you can buy $5000 worth of stock. Trading on margin means that if you wire $5000 to your account, you can buy $10,000 worth of stock. This is 2:1 leverage. For daytraders, they trade with 4:1 leverage. It's good that you're educating yourself before opening an account. You sound pretty green so keep asking questions until you feel comfortable before jumping into daytrading. On a side note, only 10% of daytraders consistently make money. If you decide to try out daytrading, realize you're jumping into the deep end and swimming with the sharks. You're competing against people who have 10+ years of experience and your goal is to outsmart them. Whatever your financial situation is, make sure you can afford to lose whatever you put into a day trading account whether it be $5000 or $25,000. I totally encourage you to give it a try when you're ready. <read my tagline> cuz you never know until you try. DNAJ65000