Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?! -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (194)	1/18/1999 4:45:00 PM
From: Wayners	Respond to of 611

I'd say somewhere between $23,000 and $50,000. It really depends on how good you are at it and your own personal discipline. I can average 2% a day but don't risk all my money doing this. Take most of your profits and put it into a good long term investment.

To: Bald Eagle who wrote (194)	1/18/1999 10:20:00 PM
From: Master Trader	Read Replies (1) \| Respond to of 611

<<Let's say I need $5000 a month ( before taxes ) to pay mortgage, food etc. How much capital would I need to succeed, assuming I can handle the rest of the problems associated with day trading.>> I would say $3000x18 months in spendable cash after taxes, (I am assuming this is already in bank) not including your trading account(s)........which is tough to do much with anything less than $100,000. Add it all together and you get darn near $160k. can it be done with less? Probably. What are the chances on anything less? Slim The learning curve is long and expensive, anyone who tells you different has not finished the curve or a very special and unique situation.