Money needed for swing trading

Discussion in 'Professional Trading' started by cashmoney69, Feb 25, 2006.

  1. 3-5k is doable for swing trading, but very suboptimal

    i did it. so i know it can be done.

    10k is decent

    first of all, u need rock bottom commission. ameritrade izone is nice for really cheap stocks, because you can get $3 per trade, unlimited shares.

    otoh, IB's commission structure is nice too, but izone is actually cheaper i think if u are using very cheap stocks ($1-$2/share)

    i had some success with this,"back in the day"

    imo, a good risk control thang is to never risk more than 3% of your equity on any one position

    that's a bit difficult to do with only 5k in yer account, but it can be done
     
    #11     Feb 28, 2006