DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: id who wrote (1109)	6/19/1999 10:03:00 PM
From: -	Read Replies (1) of 18137

id, Sure that is viable. e.g. I have a 'fragment' SEP-IRA account that is now about $55K, it started as $12k and I've nursed it up over past 18 months, mostly using 2-5 days swing trades... and you could also actively day-trade such a small account, if you focus on technique vs profits and are a very patient sort. Certainly, you can start with $75-$100k and go on to big daytrading success. Odds get a lot tougher under $50k, but it can be done. I don't want to discourage anyone that's really determined to do this, whatever their circumstances. If they feel strongly compelled, maybe it is their destiny and they should go for it. They should just know what they're working against. Trading a small acct makes it difficult to overcome commissions and slippage, and you don't have the same room to recover from loosing periods as when trading larger account - during inevitable learning curve. Good luck, I'm sure others will have valuable insights too! -Steve

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