How can I start day trading with $100?
Asked 4 years ago
I want to start day trading, but I only have $100 available to invest. Is it possible to start day trading with so little?
Andrew Moran
Monday, November 08, 2021
To be classified as a day trader, you need to have at least $25,000. However, there are ways to circumvent these conventional rules. So, let's explore.
The first thing you must do is to open a zero-commission trading account, such as on Robinhood (United States) or Wealthsimple (Canada).
The next measure you need to employ is finding stocks or exchange-traded funds (ETFs) that have lots of volatility. Also, there are lots of 2x and 3x leverage funds, such as for natural gas, silver, or indexes, that can help you add some profit to your account almost immediately if you get in at the right time.
Ultimately, it comes down to knowing what you are doing, identifying trends, monitoring the news and markets, and gaining a knack for investing.
It is good that you are starting off with $100 because having some skin in the game can help you learn from your mistakes and determine if your strategies are paying off.
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