What do you think about: "going pro" account size?

Discussion in 'Trading' started by Evermore2017, Jan 27, 2018.

  1. tommcginnis

    tommcginnis

    Vicious, vicious rumor....... :cool:
     
    #21     Jan 28, 2018
  2. tommo

    tommo

    As a prop trader I never kept more than about £30,000 in my account. That was plenty, the prop firm gave me additional leverage. But that's all the risk I put on the line. But I was day trading I could look to make or lose £300 a trade multiple times a day and an average good day was 1-2k and average bad day about 1k.. but fortunately had a high percentage of good days.

    If your overheads are lower and can cover costs making 500 or so a day then account can be smaller.

    Your account size doesn't dictate how good you are as a trader. If you can't make at least 500 a day I wouldn't bother going "pro" anyway.
     
    #22     Jan 29, 2018
    kellys, Xela and tomorton like this.
  3. qxr1011

    qxr1011

    agree
     
    #23     Jan 31, 2018