You need about 100k in an account to realistically make money day trading
With 10k you’ll be eaten up quick putting on small size. You don’t have as good a connection as you think either. You’ll be competing against people close or sitting on the exchanges. You’ll also need really good software and that will cost you about 2000/month minimum I would think (stellar was that for me). Scalping is very precise you’d probably need to be doing spreads but you’ve nobody to mentor you as all those courses are junk. Think about it, why would you leave the desk from making millions a year to give away your edge. You’ll be paying commission on trades also.
You will lose
I do not like you at all I think you are a complete retard but I do not want you to lose your life savings
How did people trade stocks in the 1920's? You had to phone your broker, pay huge fees, and you got your quote from the newspaper.
People who focus on software, transaction speeds, and monitors are just making excuses.
Jesse Livermore:
“There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.”
Paul Tudor Jones:
"Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. That's why most people lose money as individual investors or traders because they're not focusing on losing money. They need to focus on the money that they have at risk and how much capital is at risk in any single investment they have. If everyone spent 90 percent of their time on that, not 90 percent of the time on pie-in-the-sky ideas on how much money they're going to make, then they will be incredibly successful investors."
