Trading in a Cash Account vs Margin Account
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- Опубликовано: 15 окт 2024
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Warrior Trading // Ross Cameron // Day Trade Warrior
Totally agree. Have learned the hard way. Thank you and keep up the good work.
You’re The BEST Ross!!!
Appreciate that Danny!
@@DaytradeWarrior 👍
On month six! Paper trades and real money proven trades. Up 7% in real money account over two weeks. Thanks for the education Ross!
Do you think you can make a video on managing risk? I’ve been struggling with it recently, especially when the market is cold. 👍
I do have one I’ve been thinking about uploading!
Please do upload it will help tons of people like me ❤
Agreed can't forget the pattern day trade rule 😉
It doesn't apply to cash accounts.
True!
Ok Coach I started with simulation for the last 60 days 10 ,15 cent wins consistently 4 Trades a week wins in 5 of 8 week using Your Bill flag ,Or High a day just follow directions..thanks
Nice Kvir, always good to have a plan and goal in mind!
So Ross, (im sure the answer is case by case and dependent on the person and how comfortable they feel but I’ll still ask the question) how would know know when they should update to a margin account and take advantage of leverage?
It’s going to be based on metrics. If your metrics are positive and your doing well, you’ll know it’s time!
Day trade -dash is in the budget started today thanks warrior Trader team
Cheers!
you the best Ross!!
Thanks!
Ok I like to day trade but robinhood has restrictions under 25k. It says u can switch to a margin account now I know u can borrow more than you have. But if u use the money u have to daytrade is it better than just a regular robinhood account?
But it doesn’t let me sell short with a cash account don’t know why
Thank you
Is it possible to short trade in cash account?
Wen u said "a small account " I told my self "that's me.".but then u said $2000/3000 is a small account, I told my self "I will not survive with $100" 😅😂😂😂..
What is a reasonable percentage gain after a year with a $500 cash account to test strategies?
Obviously this is just my opinion but if it’s your first year, just breaking even would be great. After that, 5% a month on average would be solid, imo.
What’s weird is that day trading isn’t hard unless you have to deal with the pdt . Because then you have to have great entries since if you have to close quickly cuz you mistimed the trade then you don’t get the money back until two days later .
There are still challenges regardless of account size. Risk management is crucial regardless.
@@DaytradeWarrior yeah you have to be so disciplined and have a reliable strategy and that’s not easy
I grew a my account to 40k in 8 months with a cash account so it’s possible
Nice job!
What would be a reasonable % to aim for in a trade?
10%
But then what about the small account challenge?
Ross has done a few in the past, you can search the channel to find those playlists!
What’s the other way
3000 under margin is 12k. That’s a real shot at making it grow imo.
It's also a real good shot to get into deep, deep trouble if you're a beginner day trader. If you're investing longer term in proven companies then it's definitely doable and far less risky, but most people here want to day trade. I think Ross is right, start with a cash account, find a strategy that works and build that account for several months to a year, THEN you can think about opening a margin account once you know what you're doing.
Im literally dumb to all this and im tryna get into trading. If anybody is down to help hit me with some tips please I wanna get started now cuz I know if Trump wins the economy bouta boom again I want in lol
Thanks Ross🫶🏾