{"id":412250,"date":"2019-06-21T10:43:32","date_gmt":"2019-06-21T08:43:32","guid":{"rendered":"https:\/\/ftmo.com\/day-trading-for-a-living\/"},"modified":"2019-06-21T10:43:32","modified_gmt":"2019-06-21T08:43:32","slug":"day-trading-for-a-living","status":"publish","type":"post","link":"https:\/\/ftmo.com\/fr\/day-trading-for-a-living\/","title":{"rendered":"Can You Start Day Trading for a Living with $1000? – The Answer Might Shock You!"},"content":{"rendered":"
Are you ready to become a full-time trader?<\/p><\/div>\n
Day trading is a dream job for a lot of people. Unfortunately, only a few will make it.<\/p>\n
Statistics say that 90% of traders blow up their accounts in the first 3 months of trading.<\/p>\n
Because of that, being a day trader can be considered as one of the hardest jobs which are constantly testing your mental skills as you are trying to join that prestigious 10% of traders who were able to make it.<\/p>\n
Before we show you the ways how you can become a full-time day trader, here are some underlying pros and cons every trader should take into consideration.<\/p>\n
You are your own boss, you don’t have to wake up early and work 9-5.<\/p>\n
If you are not feeling well or want to take a day off, you don’t have to ask anyone for permission to do so.<\/p>\n
One of the biggest mistakes you can make as a trader is coming to the point where you think you know everything. Trading is a lifetime process and you should always seek for new pieces of information.<\/p>\n
These days we live in, all you need is internet access and a laptop. Thanks to this, you can travel all around the world and trade from wherever you want.<\/p>\n
Being part of those 10% profitable traders will resonate amongst the others.<\/p>\n
Once you are profitable, your trading account can turn into a money-making machine.<\/p>\n
<\/p>\n
If you are not good at trading, you probably have no risk management and you make mistakes. You can very easily join this 90% of traders who blow up their accounts very quickly.<\/p>\n
Since you are your own boss and you are alone while you are working, you can get lonely pretty fast. Because of that, you should always plan social activities during the time when markets are closed.<\/p>\n
Depends on how many instruments you trade, trading can be very time-dependent. You are constantly scanning the market for new opportunities, journal your trades, manage your positions and much more.<\/p>\n
Even if you think that you have the best strategy in the world, you are not going to win every trade and you will most likely experience series of drawdowns in your trading career. These scenarios can be mentally exhausting and you must be able to get through them without making mistakes which could cost you even more money.<\/p>\n
Many people think that they can make a living with $500 or $1000 in their trading accounts.<\/p>\n
The truth is, that you need much more to be able to make living as a day trader, luckily we can show you the way how you can become a full-time day trader without having tens of thousands of dollars in your trading account.<\/p>\n
Most of the retail brokers will let you open a trading account with as little as $100.<\/p>\n
It is foolish to even think that you can make some reasonable money starting at $100.<\/p>\n
But how about $500 or $1000? That’s not that small amount of money right?<\/p>\n
Well let’s take a look at our FTMO Equity Simulator where we put starting capital at $1000 and we performed to test for 10 different scenarios where your win rate is 55% with risk:reward ratio set at 2, risk percentage 1% per trade and 22 trades taken, so you would have to take at least 1 trade each day for a whole month.<\/p>\n
<\/p>\n
As results show, after one month of trading, the worst-case scenario would be that you end up with $930 which equals to a loss of 7%, while the best case scenario is $1260 which equals to a gain of 26%.<\/p>\n
If we are going to take a look at average and most realistic results, you are gaining around 10% of your account, which equals to $100.<\/p>\n
So after one month of trading on day to day basis, you have made approximately $100.<\/p>\n
We can all agree that this is not a viable outcome.<\/p>\n
Let’s take a look at how this money would compound over time if you would be able to pull out 10% every trading month.<\/p>\n