Received 1 Karma
krs1
3
krs1 Nov 26, 16 1:18 PM

I started with 300... What you'll learn in time is that you need capital to make capital. I increased my account size to 2K and although that is still small, it's made a substantial difference. If you can, save up more and put it in your account and remember, you don't have to (and I don't recommend) using more than 30% of your account on one position at a time. Bearing that in mind, 30% on 300 would only be 100 and that's just really not enough.

Fox_Trader
Fox_Trader Nov 26, 16 5:27 PM

Start out paper trading to get yourself prepared..

AsianMullet
1
AsianMullet Nov 27, 16 5:56 AM

That's 12 trade commissions round trip; say you invest half your account in a position, you would need to make 17% just to break even (120*1.17=140); 140-(2*10)=120 I.E. 0 Profit; (1200*1.17=1404); 1404-20=204; 1404-(2*10)=1384 I.E. 184 Profit. A larger account on the same trade could mean the difference in being profitable. Also when you have a small account, you tend to risk more which means larger losses especially when you begin. I killed my small account, took 2 years off to finish college

Fox_Trader
Fox_Trader Nov 27, 16 9:57 AM

Asian's comment is right on point. Just try adding money slowly to your account, it sucks and takes time. Had a little bit larger of an account starting out found that 500-700 per trade worked for me.

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AsianMullet

Welp, lost big today and closing all my accounts and cancelling my sub for a couple months to just study. I am not blaming anyone but myself...sad day

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AsianMullet

Generalizations are not true and I know more than ever about trading. I need to just be cautious and, if sick like today, just not trade. Also, just not a buy and hold guy and that's fine. By knowing what I am not I can figure out what I am :)

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AsianMullet

Today was the worst day ever, I obviously suck at trading, I would be better working at mcdonalds, everything I do is wrong, so much shame, hard to not feel like a loser, probably going to cancel my sub and just study for a few months, what a loser piece of garbage, lost soooo much money, such a chump, My ideas are almost always wrong and then I don't have confidence to execute the good ones, downward spiral, what a joke might close all my accounts, such a joke, such a fool, hate everything, but mostly just feel deep sense of shame and inadequacy, hard not to right now

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