I took a $4 account and ran it up to $16K in three weeks. It can be done but then thats after 5 years experince
correction - that should read $4K and I was trading evrything T-notes, mini metals, meats, grains - basically all the contracts with margin less than $3k
No - the $4k account was a sidekick account - i wanted to prove a point to some doubting Thomases that it can be done. I was not really taking any insane leverage - it very controlled
1 per $5k. 1pt = 1% of your portfolio. You're going to need to learn sometime. As long as that 5k isn't a huge chunk of your net worth, 1 MAYBE 2 is no problem. How come no one's considering the total net worth of the individual? Guy might be a millionaire with a 5k account.
but see the difference was that he had lots of trading experience and it was, as he puts it, a "sidekick account" meaning that even if he lost the whole thing I bet his life would not be altered in any significant way and his trading career would go on.