What size trading account would you need in order to make $50 per day trading /scalping?

Discussion in 'Trading' started by Narcissus 9, Jul 15, 2023.

  1. speedo

    speedo

    These threads are like asking 50 blind people to describe an elephant by the sound of it's trumpet.
     
    #41     Jul 17, 2023
    mrtimharrington likes this.
  2. speedo

    speedo

  3. %%
    LOOKS like your math is mostly right;
    matter of fact one good volume bioteck ETF XBI is better than one of my energy benchmarks ETFs ,XLE 10 year average. So far so good/ on your math.
    Sorry, the volume bioteck XBI cant beat SPY , 1 year , 3 year ,10 years.
    Cathy woods maybe can beat that;
    but with 80%of pro fund managers cant beat SPY benchmark. Did you know that???????
    On a more positive note 80% businesses fail :
    + I' ve been doing business all my life, with mostly profit+some exspenses- losses.
    [Not bioteck, but since that'$ your interest; you may pull it off;
    but never trade or invest with money you cant afford to lose]:caution::caution:
     
    #43     Jul 17, 2023
  4. virtusa

    virtusa

    Now I Understand where ET comes from...
    Elephant Trumpeting.
     
    #44     Jul 17, 2023
    David's faith likes this.
  5. I made $25,000 in one day scalping with a $50 lockout. I've also made $200,000 in one day scalping with a $1500 lockout. I don't see how it's possible to produce these results now. However, I think that game ended in 2021. Something has changed with the market makers over the last couple of years that have made it basically impossible to lean on the bids/offers of the level 2's. Prices are changing much faster regardless of the liquidity shown.
     
    #45     Jul 17, 2023
    ZTrader888 likes this.