edgarking1: I want to start to DAY TRADE for NYSE and NASDAQ?
Im live in manila and I trade for swifttrade here. I would like to start my own day trading here at home. I want to start small. How can I start my day trading with a minimum account of $ 300.is it possible? and is it also possible to prop trading with a micro account? can anyone give me steps?
Answers and Views:
Answer by ronwizfr
No, that’s suicide. For each trade you will want to risk no more than 2 or 3% of your capital. Such money management is of the utmost importance to keep your capital alive.
Imagine you would risk half of your 300$ on a trade. Then two adverse trades in a row would wipe you out.
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