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Minimum starting funds to learn to trade
Started:December 9th, 2011 (08:37 AM) by Big Mike Views / Replies:3,904 / 31
Last Reply:October 10th, 2015 (07:57 AM) Attachments:0

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Minimum starting funds to learn to trade

Old October 7th, 2015, 02:52 PM   #31 (permalink)
Elite Member
Como, Italy
Futures Experience: Advanced
Platform: Tradestation, IB
Broker/Data: Tradestation, IB
Favorite Futures: ES
Posts: 145 since Aug 2014
Thanks: 225 given, 213 received

How did you start?

it's a long story, anyway to make long story short, when I sold my internet based company that I co founded with an initial capital of just 5k, I founded a prop trading company. I worked with some top level traders that taught their way of working. When that kind of working was starting not to work anymore, one of them asked me to run on a company account some automated strategies he had developed on futures, just to try something new.
Those strategies worked very well for two years so I started developing some myself. When I closed the company I continued working in that direction and I still do.

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Old October 10th, 2015, 07:57 AM   #32 (permalink)
Trading for Fun
Geelong Victoria
Futures Experience: Advanced
Platform: Dealbook 360/ Trader Workstation
Broker/Data: I-Deal, Interactive Brokers
Favorite Futures: Index Futures & Options
Posts: 92 since Jan 2015
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Zentrader2010 View Post
this may be a controversial subject, but let;s assume a few facts, and then ask the same question, how much capital do you need?

a. If you lost MOST of your capital through trading something and it didn't work?
For instance, I lost about 3 K trading OIL not long ago ( never traded it before) account was down to about $400.
b. Then, let's say that ( due to necessity), you decided you were absolutely going to WIN back that stake no matter what !!! What if you made that statement and meant it.
c. Then you traded something you were more familiar with, and you were using a very rational, common sense approach - which the HUGE loss helped you STICK TO, and you followed rules because you HAD TO.

d. The CHALLENGE then is - could you do it in 1 month???

I did it......and now I'm happy to really GO FOR IT because I realised something in this Big loss, BIG win scenario....
you'll never get rich trading 2% of your account size. And why should you trade 2 % anyway? What beginner trader has 50 K? It's an oxymoron to assume that, because lots of traders are hugely under-capitalised in relation to their trading vision ( I will make a living from trading etc). If you have 5 K, my challenge shows you don't need 50 K to get win enough to start trading.....

e. If you lost $400 trying to make $3000 in a month, how may times could you do that, month after month before you threw the towel in? ( If you lose the $400, you can't trade until the next month)......
My answer is .....I would never give's such a small amount compared to my day job income, it's totally worth the small risk, and the challenge.....why ? because
1) I'm not risking 50 K to start and pretending I'm not scared, and thus trading only 2 % and pretending that if I lose 2 % It wouldn't hurt me psychologically. Why? because, who makes $1000 per day? Not many, that's why.
It wouldn't matter how long it took to make 50 K. It hurts to lose it for most mortal beings here ( be real please).
2) If I lose $400, that's my average daily takings from my day job, not bad you say? Well I think it sucks. That's why I would part with such a small morsel of funds and barely blink ( god knows the tax man takes more than that per week in Australia !)......If it meant gaining financial freedom through trading for a living.....If you can make 3 K from $ 1 month, I'm sure you could make 40 K in a year. I don't care what anybody says on this site....

Just take the challenge yourself.........I've already proven to myself I can do, and I did it with the worst kind of stress, trying to get your losses back.....but that's my point in the thread.......ANYBODY can win their stake back IF THEY ABSOLUTELY MUST DO IT......well, if you have even some small ability trading......If you don't, you can't hide behind 2 % money management risk saving rules........why not prove to yourself you even have what it takes to be a successful trader and stop pussy footing around for years and years procrastinating.....

Sorry, I just say what I think........scold me? I don't care.....just take my challenge...prove it to yourself.

To answer your original question, yes I can recover blown accounts, I have done so several times in the past. But, it is always smarter to not get into that position in the first place, generally it occured because I was simply pushing too hard/ overtrading.
Cheers John

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