Is it possible to profit trading equities by starting with just $1,500 in capital?

Discussion in 'Trading' started by monty21, Apr 8, 2008.

  1. Moreagr

    Moreagr

    Save more $$ try futures first if you can get 5 or 7 k... I will ganentee that you will lose most if you dont spend at least 6 months watching the markets... the futures market is extremely competive YOU HAVE TO PRACTICE RISK MANAGEMENT 1st ESPECIALLY WITH FUTURES!!

    if you can get 30k I would go with equities and open a margin account. start small with 1 lots or 2 and no in play volatile stuff at first.

    dont expect more then .5% perday everyday sopme days more some less

    good luck
     
    #11     Apr 18, 2008
  2. I know some grea traders did that, like Livermore, Martz,... almost from nothing.

    I would suggest you just trade penny stocks, those under 3 dollars.

    this week I bought ABPI at 1.35 with 1000shares in the pre-markt and sold it at 3.03, then shorted 1000shares at 2.5, bought it back at 1.5.


    the reason is PENNY stocks easily doubled or tripled even with little money in a move, you still gain big.

    for a stock like GOOG, the big move is $85, even you caught all the move, just $300 bucks for your ammunitions. for a $100+ stock, very rarely have 100% move in a day.

    flip through top losers/top gainers, you easily saw most are penny

    like FRNT, today it gained 18%, the move is bigger than GOOG

    in order to trade penny, the only thing you need watch is
    * particular patience and monitor news, no hesitation and quick
    * do not trade everyday, only when you see news, if late, go in reverse direction trading

    I once truned my $3000 roth IRA account with scottrade into $20K+ in one year through trading very hot penny stocks (I rember, in ELTK, I doubled my account into $6500+, in FORD, and in VPHM, GTE, ALTI, BCRX....)
     
    #12     Apr 18, 2008
  3. dylan57

    dylan57

    YES IT IS!! I've done it! Of course it is much harder but it is definetly possible. The biggest hurdles however are

    1. Commisions- You have to focus on big moves to make a good profit after commissions.

    2. The 3 day rule- Without a margin account, after you sell a stock, you have to wait 3 days to buy another.You can buy another stock before the 3 days are up, but you can't sell it until the 3 days are up( which is very dangerous because you cant set a stop until the 3 days are up). You really have to strategize to get over this hurdle.

    You have to let your profits run and take home big moves and cut losses at around 5%. You can build your account up because of compounding; double the $1500 into $3000, double the $3000 into $6000, double it again and you have a nice size $12000 account on your hands!

    $50 a day is not realistic but anything is possible!
     
    #13     Apr 18, 2008
  4. here is a plan for ur reference:
    1. split the 1500 into 500/pc.
    u need patiently wait within 2 weeks for some entry pt to get in 3 trades, either on $1 stocks or options. u only pick the entrys that could possibly bring u >2x return;
    2. u just sit that, let the trades run. don't do nothing until ur account reached >2.5k;
    3. close position, go to step 1.


     
    #14     Apr 19, 2008
  5. Before you hop in, do what the others say - paper trade!

    Sign up here http://www.updown.com and see how you do after one month.

    Even with the few limitations, its the best paper trading site out there as far as I know, and it can be a lot of fun too!
     
    #15     Apr 19, 2008
  6. ElCubano

    ElCubano

    yes...your best bet..and i know you aint going to do this...but i promise you if you do, you stand a better chance and it has been very lucrative for me in the past...and its perfect for ya, cuz you cant do size....pinksheets and otcbb is your only chance with $1500.00...mytrack or any other platform that will charge u one fee for any size u buy....now here is the strategy...open hotmail account...then sign up to every website that has to deal with penny stocks...You want to be getting 1000's of emails a day for all kinds of stocks..from those emails you will start to weed out which have a better record of pumping and dumping ( who has a stronger following ) by following each and every call...keep in mind that in the end..thats what it is..pump and dump ( so dont marry the stock and please dont avg. down only up )...there will be one or 2 websites that have such a strong following at the time , that you might stand a chance to be one of the first to get into a hot potato musical chairs trend, which in some cases can be a double or triple....it will take you a while to decipher who is who...I can tell you, but then again I really cant...peace
     
    #16     Apr 19, 2008
  7. Don't be stupid. Go to a casino and play poker, save up to 40k and open an online account. If you can't, go pick up a good book on options and play straddle on volatile stocks like google,if you are lucky you might have enough to daytrade before you lose that $1500.
     
    #17     Apr 19, 2008
  8. jgalt7

    jgalt7

    Go to a broker like zecco where you have 10 free trades... If not I think you should put your money in ken Hebners fund (cgm), commissions are going to kill you... I wouldnt attempt trading with less then 5-10k
     
    #18     Apr 19, 2008
  9. dman666

    dman666

    I say go for it and screw the paper trading. Paper trading is a joke because you don't have real money on the line, so you have no feeling of what it is actually like to have money on the line. Like you said, your willing to lose it all so it doesn't matter! If you do lose it all, at least it was a good experience and hopefully the College of Trading that you paid for taught you something. And people have made lots of money starting with a little, just read the Market Wizards books by Jack Schwager. I would say that there is no way to make $50 dollars a day though. You may be able to average 50 a day, but hoping to make that much every day would probably mean a doomed plan from the get go.
     
    #19     Apr 19, 2008
  10. Thanks for the encourgement... I actually read the Market Wizards book. It's amazing how some traders have such different strategies.

    I'll try to be profitable. $50 a day is kind of impossible without leverage.
     
    #20     Apr 20, 2008