NexusFi: Find Your Edge


Home Menu

 





Minimum starting funds to learn to trade


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one wldman with 18 posts (16 thanks)
    2. looks_two Big Mike with 8 posts (17 thanks)
    3. looks_3 DaxyMcDaxFace with 7 posts (5 thanks)
    4. looks_4 SoftSoap with 7 posts (6 thanks)
      Best Posters
    1. looks_one Silver Dragon with 6.3 thanks per post
    2. looks_two grausch with 4.7 thanks per post
    3. looks_3 Big Mike with 2.1 thanks per post
    4. looks_4 wldman with 0.9 thanks per post
    1. trending_up 77,989 views
    2. thumb_up 229 thanks given
    3. group 50 followers
    1. forum 141 posts
    2. attach_file 3 attachments




 
Search this Thread
  #71 (permalink)
 
Massive l's Avatar
 Massive l 
OR/USA
Legendary /NQ Trader
 
Experience: None
Posts: 2,129 since Mar 2011
Thanks Given: 1,859
Thanks Received: 5,107

successfully to me means full-time and full-time trading takes 100k+

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Time, Futures, Scalping, Treasurys
Treasury Notes and Bonds
NinjaTrader indicator for last bar percentages
NinjaTrader
TOS inspired trading simulator
ThinkOrSwim
Server CPUs and Multicharts 14 or 15 limits
MultiCharts
Equity Monaco download file?
Psychology and Money Management
 
  #72 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,672 since Jun 2009
Thanks Given: 33,404
Thanks Received: 102,211

Result of this last poll:



Mike



Join the free Markets Chat beta: Real-time Trading Insights

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #73 (permalink)
 DaxyMcDaxFace 
London
Market Wizard
 
Experience: Intermediate
Platform: Sierra Charts
Broker: CQG
Trading: ES, CL
Posts: 575 since May 2016
Thanks Given: 1,066
Thanks Received: 444



Massive l View Post
successfully to me means full-time and full-time trading takes 100k+

You are implicitly stating that you cannot be successful with < 100k......

And you are categorically wrong.



Sent using the NexusFi mobile app

Reply With Quote
  #74 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,672 since Jun 2009
Thanks Given: 33,404
Thanks Received: 102,211


DaxyMcDaxFace View Post
You are implicitly stating that you cannot be successful with < 100k......

And you are categorically wrong.



Sent using the NexusFi mobile app

@DaxyMcDaxFace,

Please keep in mind the spirit of this forum is to be helpful and polite to others. Making a statement like "And you are categorically wrong" without further details comes off in a hostile or confrontational tone and is not welcome here.

Lively debate is encouraged, but be polite.

Mike



Join the free Markets Chat beta: Real-time Trading Insights

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #75 (permalink)
 DaxyMcDaxFace 
London
Market Wizard
 
Experience: Intermediate
Platform: Sierra Charts
Broker: CQG
Trading: ES, CL
Posts: 575 since May 2016
Thanks Given: 1,066
Thanks Received: 444


Big Mike View Post
@DaxyMcDaxFace,

Please keep in mind the spirit of this forum is to be helpful and polite to others. Making a statement like "And you are categorically wrong" without further details comes off in a hostile or confrontational tone and is not welcome here.

Lively debate is encouraged, but be polite.

Mike

Apologies.

I will delete.



Sent using the NexusFi mobile app

Reply With Quote
  #76 (permalink)
 
Massive l's Avatar
 Massive l 
OR/USA
Legendary /NQ Trader
 
Experience: None
Posts: 2,129 since Mar 2011
Thanks Given: 1,859
Thanks Received: 5,107


DaxyMcDaxFace View Post
You are implicitly stating that you cannot be successful with < 100k......

And you are categorically wrong.



Sent using the NexusFi mobile app

I didn't do that at all. First I stated my definition of success. Then I stated what it takes to be successful.
This is true for the majority of people. There are outliers of course. But even with those outliers, an extremely small % of those guys will not be full-time. Luck plays a much larger role in small accounts because you need those string of winners right off the bat. You may have a great strategy and market psyche but once you roll the dice you don't know where they will land on your strategy. Could be a string of losers with few winners for a bit for you go on a nice run. Will you still have enough money left to trade that strategy through fruition while maintaining a strong market psyche just as if it were your very first trade? No bobbles or mistakes? You better be extremely freaking sharp in every area.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #77 (permalink)
 artemiso 
New York, NY
 
Experience: Beginner
Platform: Vanguard 401k
Broker: Yahoo Finance
Trading: Mutual funds
Posts: 1,152 since Jul 2012
Thanks Given: 784
Thanks Received: 2,686


DaxyMcDaxFace View Post
You are implicitly stating that you cannot be successful with < 100k......

And you are categorically wrong.



Sent using the NexusFi mobile app

The way I see it, he was explicitly stating and he was categorically correct.

I know some people have a view that your psychology plays out very differently when your account equity is small. Now, I don't think that's a very important factor.

The way I look at it, from an opportunity cost perspective, a small account is doomed because an entry job as an analyst that doesn't even get directly involved in trading already pays about $100k, so surely a full-time job in market timing should pay a comparable amount over a comparable amount of time, and it takes a herculean effort to double $100k in a year.

Trading capital is no different from lemons. You could probably open a lemonade stand quite affordably with 1 lemon, but why would you?

Reply With Quote
Thanked by:
  #78 (permalink)
 
wldman's Avatar
 wldman 
Chicago Illinois USA
Legendary Market Wizard
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
Frequency: Several times daily
Duration: Hours
Posts: 3,580 since Aug 2011
Thanks Given: 2,091
Thanks Received: 9,685

interesting opinions in this thread. I'm not sure there is really an answer because of the subjectivity and the number of variables. Most guys whose deposit details I know/knew only drew money out of their account when the balance was bigger than what was required for about two times the std dev. of their typical trading requirements. Usually there are two reasons to do that. First you can get a better return elsewhere because excess deposit was usually in treasury bonds. Second, most guys that are/were professionally trading their own money feel that there is too much risk in most firm/joint back office agreements to their capital if someone else blows out their account.

I'd be more interested in a discussion of "edge". What do people believe to be their edge in trading? If a guy can describe his edge with confidence and certain terms that are easy to understand, he is probably making money.

Here is the thing...in my experience guys that are making money never talk in dollar terms...per trade, per day, per year, because they feel it limits them. If you have a deposit and an empirical edge, that is, one that is demonstrable you don't even take the time to talk about money...you just make money. They can get sucked into it as a pissing contest or for vanity, but it is passe.

When you are not making money you are looking for edge, buying real estate, or investing in stocks.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #79 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
Market Wizard
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,460
Thanks Received: 12,693


artemiso View Post
Trading capital is no different from lemons. You could probably open a lemonade stand quite affordably with 1 lemon, but why would you?

Or any other business.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #80 (permalink)
 
deaddog's Avatar
 deaddog 
Prince George BC Canada
Legendary Market Wizard
 
Experience: Advanced
Platform: National Bank Direct
Broker: NBD/BMO/Questrade
Trading: Stocks
Frequency: Every few days
Duration: Weeks
Posts: 1,432 since May 2013
Thanks Given: 268
Thanks Received: 4,621



wldman View Post
interesting opinions in this thread.

When you are not making money you are looking for edge, buying real estate, or investing in stocks.

What's wrong with stocks? LOL

I went back to stocks because I found I could make just as much money with a lot less stress and spending a lot less time in front of a keyboard.

I'm well capitalized and manage to fund my lifestyle and increase my net worth with a return of 20% per year. I certainly couldn't do that with a 100K account.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
Reply With Quote
Thanked by:




Last Updated on November 7, 2018


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Sitemap - Downloads - Top
no new posts