To replace her day job salary, the MIT grad set herself a goal of making $300 a day. But $100 everyday? For the US stock market, you need a minimum of $25,000 to day trade. If someone starts trading with $1,000 and makes 1% profit per trade (which is not even that much in crypto - it happens multiple times a day on most coins, even in the current crash), all someone really needs is 700 trades due to the power of compound interest. We will discuss both these concepts a bit later on. If you have said $100 a month with $10,000 account, I would have said that it is completely possible and easy. At night, I would read all I could on investing and daytrading. On monday my position went down to -$1,000 dollars, my broker was too congested for me to buy more shares at a lower price in a timely manner. Today, Teri’s on a Million Dollar a Day mission — that is, to help 1,000 people start making $1,000 a day trading stocks through her online course. However, I'm curious, when you're making the 1% on paper are you trading $1000 or a different number? I used to work at a fast-food for minimum wage. Forex trading allows you to control your position size precisely, and utilize leverage, both which aid a small trading account. I was kicked out of college. So last week I challenged myself to turn $1500 into $10,000 by the week's end trading options.I covered the trades live, primarily on snapchat. Sure, like you said if you make 1% a day or $10 then you could reasonably grow the account overtime. Over all I ended up making around $150 that day, I coulda made around $800+. No! These are the final results.To keep things simple, I withdrew all the money out of my broker the week prior, and deposited $2000 CAD (roughly $1500 USD) and started new. Forex day trading with $1,000 (or less) is possible and even profitable. By trading stocks before school started and during her lunch break, she was hitting that goal in about a year. The setups might not come but due to the size of the gap in the market and how overbought they are, it could be time for some profit taking. As of today I am at $6,000+ and for every $1,000 i make I increase the shares I trade by 500. The other gaps I will be trading as usual, long, short, or both. Currently, I trade for 30 minutes per day and make around $1,000, then spend the rest of the day off. Because it will probably cost you 1% ($10) in commissions for a round trip trade which will kill your overall returns too. As always, before I enter any trades, I have my stop and targets calculated to avoid unwanted losses and to avoid emotion trading. So I lately invested in cryptos as a long term investment, but soon realized that there is massive potential for day trading as well.


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