Frequently asked Questions
Q: How much do I need for day trading?
A: There are 2 types of day trading. One that trades stocks that requires $25,000 balance. Second one that trades Futures. Futures day trading accounts do not require that much capital.
Q: Is it possible to make a $100 day trading?
A: Day traders can make over $100 a day,
Q: Can you make $1000 a day day trading?
A: The amount made day trading is dependent on your position size and skill level. Yet it is very possible to make $1000 in a day.
Q: Can I start with $100?
A: No, It would be impossible to start with only $100. I recommend a minimum of $2500.00USD.
Q: Do you need 25000k to day trade?
A: Stock trading accounts under $25,000 are the most difficult to use for day trading. Limiting the number of trade taken in a day. Futures trading is a solution.
Q: How much money do day traders make?
A: Every trader is different and all start from a different location. Some will make a lot others will not do as well.
Q: How much money do day traders with $10000 accounts make per day?
A: Profit will vary between each trader. A stock trader buys a $100 stock and can buy 100 shares with the $10000. A stock moves 1% the value will show $100 profit. The second trader buys 1 contract of the ES futures. The ES moves 1% the profit would be $2250.00 and would only use half the $10,000.00. To find out more about trading future’s come visit our Discord room for free. https://discord.gg/XvMxPKfS
Q: Can a day trader make millions?
A: It is possible. Most will not make millions. Having a good mechanical system will help provide pleasing results.
Q: What percentage of day traders make money?
A: 20% of day traders make money consistently.
Q: Is day trading legal?
A:Yes, perfectly legal. The restrictions are put in place to protect the traders from themselves.
Q: Can you get fined for day trading?
Q: Why are you not allowed to day trade?
A: Everyone is allowed to day trade. There are limits based on account types, account size and account localocation.
Q: How many times can you trade a day?
A: That depends on the type of account and or amount of cash in your account. You can trade 3 times a day to unlimited times.
Q: What happens if I day trade with less than 25000?
A: In a stock account you will be limited to 3 trades per day. A futures account does not have day trading limits.
Q: Is there anything illegal about day trading stocks?
A: No, Day trading is perfectly legal.
Q: Why can you only make 3 day trades per day?
A: The thinking is it provides protection from you hurting yourself from over trading.
Q: What percentage of day traders are profitable?
A: It has been said only 20%, I can not verify this as accurate or false.
Q: Is day trading really profitable?
A: Day trading can be profitable and will require hard work.