That is a good tip, never forget that you can lose it, but having this said I doubt that $100 will take us very far.
I've always thought that I would need at least $5000 for a broker to even take me seriously. Unless you plan on doing it all yourself, I'd be wary of giving the person that is managing my portfolio reason to believe that I don't have to be paid attention to and that my investment is significant enough for the proper maintenance.
Would you happen to know what the laws for this are like in Canada. I just got into economics a few days ago so I'm not on top with this whole thing. Also, would the American government really hound you if you pattern day traded with small amounts? It seems kind of odd. Actually I just looked it up, in Canada there is no minimum
$25 is a big big number, but this is a game for the big boys, it's the big league, I'd love to join it!
25k? Comissions, brokers... Day trading sounds horrible! I don't know why people would want to jump into that, as there are many other ways to make a buck... Especially if you're not healthy already. Did anyone here turn a few hundred bucks into real cash by day trading?
I just wanted to ask, then what would be the minimum required amount to open at loyal3? why i ask, is because, i tried my luck at understanding the site but i came out more confused than before, i was just following your lead in regard to a similar thread you had posted in regard to Loyal3
I started with $600 in one position and found it was a good amount. More is always better, especially with transaction fees but only use as much as you are willing to lose.
Not sure about Canada - I'd check with your regulatory authorities. Regardless, I'd consider not quiting your job to day trade and sticking to more traditional investing.
$100 is too little for investment. Try to aim for more, if you can. Still, please take note that if even $100 put you in doubts... don't invest them, it's not a wise choice to go by.
