What should I trade (day trade or swing trade) with only $100?
I have $100 to trade. I am interested in very short term trading (I might hold something for maximum like a week if possible). I would like to avoid leverage/margin, and I want technical analysis to work for it. Would instruments/brokers/systems should I use? Thanks!
Try… "Paper Trading".. till you have confidence that you can make a consistent profit.
Web sites like CNBC or http://www.tickerspy.com/ let you paper trade
June 16th, 2010 at 12:08 am
YES
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June 16th, 2010 at 12:42 am
None..with only $100 to work with, you will get eaten up by commission. Even at the $7/trade level, that means you need to earn a return of 14% per week (600% on an annual basis) just to break even.
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June 16th, 2010 at 1:29 am
Try Forex you can trade a mini account with as little as a $25.00 deposit and there is no chance of a margin call
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June 16th, 2010 at 2:11 am
go playblack jack until you have enough to invest
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June 16th, 2010 at 2:38 am
You are in no way ready for trading. Money used to "trade" as opposed to "invest" should never be more than ten percent of your assets, and you should have at least $5,000 minimum to even consider trading.
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June 16th, 2010 at 2:58 am
You can not trade (day or swing) with only $100
You have to avoid margin since you need to maintain a minimum equity of $2,000
Don’t worry about what instruments to use since with $100 you have no leverage,
Don’t worry about what brokers to use since you’ll need at least $500 to open an account with a reputable firm
But the best of all you wont need a system since you can not afford to trade.
You should do some studying so that you better understand, the markets and the products traded in each
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from the street
June 16th, 2010 at 3:29 am
Try… "Paper Trading".. till you have confidence that you can make a consistent profit.
Web sites like CNBC or http://www.tickerspy.com/ let you paper trade
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June 16th, 2010 at 3:56 am
Even if you had $10,000 to trade…. it would be ridiculous to ask strangers, whose qualifications and motives can never be known…. what to trade.
Choosing a day trade can only (ultimately) be known the day of the trade.Even then…. what time frame? Where would you need the stop? What’s the target? What is happening :"under the hood" with the market indices? (very important for a day trader)…………… What…. a thousand more things?
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June 16th, 2010 at 4:15 am
Either one, really what is comfortable.
If you only have 100 then you need to try penny stocks: http://www.thepennystockblog.com
has some great info please read first.
http://otcbbstock.net has some information as well.
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June 16th, 2010 at 4:44 am
forget it. the commissions will eat you up.
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