How much money do you need to live off of day trading?
Asked 4 years ago
Is it possible to live off of day trading?
Andia Rispah Igobwa
Monday, November 15, 2021
The stock market has a legal minimum capital requirement of $25,000. Day traders should start with at least 30K as an account balance to provide flexibility and the potential losing trades if they do not win on their single trade.
It's recommended that day trading participants risk no more than 1% per share when investing all funds into one investment vehicle such as stocks which usually range from 0-100 shares or "bulk lot" quantities where there is much less chance of being margin called by brokerages if something goes wrong during purchase process because these investments have lower margins attached unlike buying individual bonds ETFs ETNs etc., so you can earn higher rates.
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