Most people who start out trading have a small account, which falls in the $25,000 or less category.
Day trading in a small account requires agility and precision in your trading.
You don’t have the luxury of a ton of cash to fall back on so trading decisions need to be well thought out and executed.
If you are new to trading, we highly recommend starting off in a trading simulator where you can practice without the risk of losing real money.
We also advise to take it slow. Start with small size and focus on executing your trade plan. Limiting the amount you lose on losing trades should be one of your main goals!
In this guide we’ll go over everything you’ll need from managing your risks, best strategies to implement and which brokers are best for small accounts.
- Best Brokers For Small Accounts
- 7 Dos and Don’ts
- Large vs Small Accounts
- 4 Trading Tips for a Small Account
- Best Strategy for Small Accounts
- How to Manage Risk
- Trading Options in a Small Account
You should also check out our YouTube page where Ross has done multiple Small Account Challenges. There you will find tons of information on trading small accounts and how to get started!