Discussion in 'Trading' started by reno4nook, Feb 7, 2005.
How much money do you use exclusively for day trading?
thanks for the response, guys.
Well it looks like I may not be under capitalized after all.
How much money?
Or how much Buying Power?
You can only use $10k of your money but get over $200k buying power from a prop firm.
I have $29 million in buying power in an account that I keep between 25 and 35 thousand. Prop vs. retail is not really comparable for your question.
Ameritrade is giving me 4-1 buying power for day trades.
I've got $35,000 so I can buy $140,000 worth of stock.
Are their off shore brokers that allow more than 4-1??
Start every year fresh with $100K.
Those once a year paychecks makes bill pay a breeze!
P.S. But where do you find all that extra cash each year to add to your account?
What I mean is that I take any profits over $100K off the table each calendar year or in the event that there are no profits (has happened less than a handful of times since I started trading) I fund my account back to the $100K level.
Sorry mvik...note the smiley face..its one of those nights...i'm bored and waiting for my EUR/USD trade to close.
Looking at the poll results, I'm in the sparsely populated middle category (just under $100k of capital). Most respondents are either under $40k or over $200k. Does that mean if I keep trading I'm likely to join the $200k and over group or fall into the $40k and unders :eek: ?
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