How much MONEY do you need to Start Day Trading? (How to Day Trade for Beginners)

🔽Time stamps:
1:41 How much money do you need to day trade
4:07 The RIGHT way for new traders to start- Pay the market tuition to learn
8:04How long does it take to learn day trading as a beginner
10:03 How to learn to day trade with small account under PDT rule

I recommend learning to day trade with at least $4K-$5K, but focus on learning first, before making money. Always start with live simulated trading first before risking real capital.

🔽How to learn to day trade as a beginner
1. Open a paper trading broker account. Best brokers for paper trading:
Get 2 Free Stocks on Webull when you deposit $100 (Valued up to $1400)

2. Learn Day Trading with online free resources:
Best day trading strategies for beginners
How to trade penny stocks for beginners
Day Trading Indicator Set Up for Beginners

3. Tracking your trades in a trading journal:
Get my FREE Trading Journal + Weekly Stock Picks

4. Consider joining a day trading community if you decide to take it seriously:

How to Start Day Trading As a COMPLETE Beginner
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🔎 How I find the best stocks to trade:
✅ Affordable (compared to other premium scanners priced at $150/mo)
✅ Built-in Humbled Trader Strategy Custom Scanners
✅ Simple Web-Based App- no downloads needed just open on any browser
✅ Accurate and fast stock data such as Float, Insider %, IO & more
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My Trading Broker Platforms:
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✅My REAL Social Accounts:
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses.

AFFILIATE DISCLOSURE: I only recommend products and services I genuinely believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.

Humbled Trader FAM count: 289,000

[Xergecuz]

I started with $1k in february and I'm happy to inform that I still have $600 left.

[SethyTan]

I started with a Lambo and traded my way easily to a Toyota in 2 months

[sharkie]

Started with $1800 at the beginning of June and my account is close to $5k now!

[insanecuckooman]

FREE ADVICE: start with the least amount possible, until you learn.

[realitycheck]

I started with £500 and now I’ve about £530
Retiring any day now.

[Murph_.]

I started with $5k over 6 years ago. I was down under $2k at one point. I learned a lot. You've said it many times, but I was lazy and not putting the work in like you have to. Day trading isn't easy, it's a LOT OF WORK. I'm making a living doing it now, but I thought for sure I was going to lose it all at one point. Fortunately, when I started trading I was also working a regular job.

Just remember, trading is work... a lot of work. If you aren't ready to put in the work, do the research, and be focused on what's going on in the market... don't waste your time and money.

[Smeg]

You're the most honest day trader i found after a year learning and practicing demo, and 45 days as trader.
My feeling is we need to focus on learning, the money is just the consequence of good learning and later on mastering the subject. Never the opposite.
After first 100 of losses, we start focus on the Money Management for serious, and only then, we became profitable.
Long live to your Toyota Corolla btw.
Love from Belgium

[JuannyBoy]

"Learning to trade & learning to profit are two different things"...very valuable idea. Thanks Humbled! Found your channel today & sub'd. Looking forward to getting educated on trading.

[aniketthapa]

Always love you videos and they have helped me gain lot of knowledge than i had before.... hope to be seeing more amazing work from you😊✌🏻🌻

[flyingiguana]

yesterday i went through all your videos to see if you tackled this question, it's like you're reading my mind!

[adamsmithintin]

I started with $10k then lost it all as I misunderstood margin, I then saved up again managing to lose only $5k then next time although I lasted a few more days. I blew up again with a £3k account. Finally, I managed to become a breakeven trader with a $2k account which I built up to $3.5k using good risk management, I then added $2k to my account and started using more margin and blew it again - back in McDonalds' full time but won't give up. Moral of story doesn't matter how much you start with if you lose it all.

[smiller]

THANK YOU!! I've been watching videos on this topic for over 2 hours. You are the first one to speak truth and not glamorize it or complicate it for someone with no knowledge. I will not be taking this route. I will keep reading about it though. Thank you again.

[iramacassani]

Thank you for your dedication! You have just answered the question I have not been able to figure out!

[samanthamatthew]

I love how you present information. They are so detailed and fun to watch.

[rafaelrodriguessantos]

I'd like to say that you just gave one of the most honest opinions about day trading. No BS, NO Lambo

[saladdotta]

I'm very happy I have run across your channel. In the small amount of time approximately 4 months I made all the same mistakes you have. However your videos have woke me up to the fact that I need to slow down luckily I have not lost anything but an I appreciate you and your funny jokes. Keep up the good work.

[qhxthpd]

1:06 my heart melted literally, i paused the video gave it a like & plus on other 10 videos of yours. I did my part by tapping the like button to help you out with your youtube algorithm.

[kevinnguyen]

I already broke the like button Shay. I miss your strategy videos w/ your explanation of trader's psychology. Would love a psychological explanation of bounce shorts/gap up shorts!

[menard]

Thanks for taking the time to make the video, always appreciate the experience that you provide

[Throwawayjim]

I started “trading” (read “gambling”) in 2020. I made a ton of money and then gave most of it back. Since having a taste of that money in my account, I’ve known that this is where I’m meant to be. I don’t wanna answer to anyone for the rest of my life. Well, after watching, paper trading and learning stock behavior for most of 2022, I’m hitting the ground running this year. Being able to hit the mega cap bull runs has been a dream come true. Up 68% this year.