what to do when you know how to make money...

Discussion in 'Trading' started by Gordon Gekko, Jun 12, 2002.

  1. but don't have a lot of it?

    say you have a small account (< $20,000), but you know how to make money. there must be some way you can use your skills to trade more money.

    should i trade other people's money? if so, how? would someone hire me to trade a fund? i don't know much about prop. trading...if that is another option. any ideas?

    thanks

    p.s. i want to be rich while i'm young, not when i'm 83 with a cane and 2 years left to live.
     
  2. Leverage can be your friend. Get the 7 and use the leverage of a pro firm.
     
  3. If you know how to make money keep making money !!!
     
  4. nkhoi

    nkhoi Moderator

    double your small account every week should do the trick.
     
  5. lol!
     
  6. How much less than $20K ???

    With 4:1 intraday margin , like on IB, isnt
    nearly 80K enough to trade with???

    axeman
     
  7. well, my timeframe is not usually round trip intraday...unless i get stopped out. usually my trades last anywhere from a few days to a few months.
     
  8. That is your best bet.
     
  9. how much leverage do you get at a pro firm?

    thanks
     
  10. nkhoi

    nkhoi Moderator

    #10     Jun 12, 2002