How Much Money Do You Need to Start Day Trading?

#daytrading #advice #stockmarket
In this video, I cover how much you need to day trade and what money you should trade with, Enjoy! :)

I use TradeZella to track and journal my trades.

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Chapters:
0:00 - Intro
0:06 - What Money Should You Trade With?
0:53 - How Much Do You Need to Day Trade?
1:10 - PDT Rule
1:57 - Trading Options
2:44 - Crypto, Forex & CFDs
3:15 - What to Focus On
3:48 - The Money You Should Trade With

#daytrading #daytrader #trading

How Much Money Do You Need to Start Day Trading?

DISCLAIMER I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment.

[UmarAshraf]

How much money did you start trading with? Also please drop a like if you enjoyed the video! 🙏

[wtiiwgs]

I really love how authentic you sound you're my trading G🎉🎉✊

[SeanSoliman]

The edit on these latest videos are🔥. Keep it up man!

[aksaaptr]

thanks for the explanation, very helpful for beginners like me who are learning in the nfc community.

[wordsofrizdom]

Such an incredible video! I hope people take notes! 🧠💙

[motivationinc]

4 K video that's awesome and sounds good!

[vovanminh]

This guy is always give a good advises.

[swingtradingengineer]

2 decades ago you could not even open an day trade account with less than 25k. Some brokers use to offer account possibility to open restricted account with 10k. Things are different nowadays but the principle stays the same. Awesome content man.

[LeadingWrenLovely]

Great advice, thanks Umar. I need to understand the markets and what I'm doing before investing more capital into this!

[ShahidKhan-puhc]

Sir u make my phychology very good love from India

[Jacobl]

My plan is to keep using prop firm, pay off any extra debt i have, fund a cushioned personal trading account, eventually ween off prop firm accounts.

[Latinkuro]

My 2 cents, trade on demo until you have a solid two months of consistent profits logged, ideally 10% profit per month logged.
This is a good sign that you might be ready for a real account.

[PhilipJoshua_]

First to comment
Love from a Nigerian trader ❤️

[juplekk._]

heyy umarr, can u please make a video u live trading?, would love to see that . thanks

[rohayes]

I’ve been trying to become consistently profitable for awhile. I’m close but not there yet. Most recently I traded in $1, 250 increments. At some point I realized that “Hey this isn’t working. If I’m stll inconsistent, Why am I putting all of this capital at risk?”. Now it’s strictly SPY options, putting a ballpark of $75 to $100 at risk. I recently scaled back to $75 as I was having issues. My thing is the %s are the same regardless of the $ amount traded. Get my %s down then begin sizing up. Eventually I’ll have the same sizing issues as everybody else. But for now that’s irrelevant. When I am profitable, commisions take a good size chunk of the profits. From my perspective, that’s also irrelevant. So, yeah, I’d love to trade in 5k increments. But I definitely feel like I’d better wait until I build my skill level. But with only $75 to $100 on the line, I’m still in the game. I’m also not cavalier about this. I feel like I don’t just think “Oh well, it’s only $100 so it doesn’t matter.” Hopefully I’m not lying to myself!😁😁😁. Sorry, I know my entries are ridiculously long.

[abidaby]

Hi, Umar what are your views on prop firms? Are they scam as some traders point out as the challenges seems to be very hard to achieve 10% in 30 days. I've tried to look for any of your videos/clips to see if you've tackled this subject.

[muhammedertan]

I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest

[moradkm]

Hi umar do you do 0 zero day expiration date for options or longer time frame

[wasimkhan-kelf]

Hey bro, you truly motivated us. I've been watching your YouTube videos for the past two years. I have a question for you. According to most people and experienced traders, 90% of people lose money in trading compared to 10%.Do you actually follow the same things as trendlines, patterns, and candlesticks?

[SlippinJimmyLife]

CMEG is a broker in the Bahamas that gets around the PDT rule