How much capital do you need to trade full time?

This is a discussion on How much capital do you need to trade full time? within the First Steps forums, part of the Reception category; Originally Posted by malaspina It is very important to come up with a number with realistic expectations. I am curious ...

View Poll Results: How much capital do you need to trade full time?
Less than £10,000 135 22.02%
£10,000 - £25,000 129 21.04%
£25,000 - £50,000 115 18.76%
£50,000 - £100,000 131 21.37%
More than £100,000 103 16.80%
Voters: 613. You may not vote on this poll

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Old Sep 18, 2015, 2:24am   #196
 
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Quote:
Originally Posted by malaspina View Post
It is very important to come up with a number with realistic expectations.
I am curious to know what number you would come up with to be able to trade as a business and make money, whilst paying for market data and pay your bills.
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Old Sep 18, 2015, 2:45am   #197
 
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My number to start trading the emini S&P 500 considering all details already mentioned including (trade as a business and make money, whilst paying for market data and pay your bills) is US$ 100.000 (minimum). This is my personal figure.

Quote:
Originally Posted by hhiusa View Post
I am curious to know what number you would come up with to be able to trade as a business and make money, whilst paying for market data and pay your bills.
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Last edited by malaspina; Sep 18, 2015 at 2:51am.
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Old Sep 18, 2015, 2:07pm   #198
 
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Quote:
Originally Posted by hhiusa View Post
... whilst paying for market data and pay your bills.
Some brokerages include realtime data in their subscriptions and discount their data costs heavily for active traders.
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Old Sep 18, 2015, 2:26pm   #199
 
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E.g. Tradestation...it's Free...but only if you're designated a NON-Professional...
Shouldn't be too hard to pass that test for most private traders and investors.
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Old Sep 18, 2015, 9:04pm   #200
Joined Jul 2008
Isn't Tradestation free if you trade a specific volume a month
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Old Sep 18, 2015, 10:02pm   #201
 
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Quote:
Originally Posted by forker View Post
Isn't Tradestation free if you trade a specific volume a month
Please show me exactly where it says that!

Tradestation is prohibitively expensive.

Stock Trade Fee (flat)$9.99N/A$9.99$4.50$4.95.
Options Base Fee$0.00$0.00$9.99$0.00$4.95.
Options Per Contract Fee$1.00$0.70$0.75$0.60$0.50.
Broker Assisted Trades Fee$20.00$30.00$44.99$25.00$15.00.
Commissions & Fees.

Click the image to open in full size.

Click the image to open in full size.

Click the image to open in full size.

These commissions are at least 10 times more expensive than Interactive Brokers.

See the minimum activity fee. It is $99.95/month unless you have $100,000. That puts us back at square one when I said you would need at least that much to trade.
Click the image to open in full size.
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Old Sep 18, 2015, 10:06pm   #202
 
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Quote:
Originally Posted by malaspina View Post
My number to start trading the emini S&P 500 considering all details already mentioned including (trade as a business and make money, whilst paying for market data and pay your bills) is US$ 100.000 (minimum). This is my personal figure.
I would like to see exactly how you came up with that figure. Why would you trade only a single instrument from only one asset class of financial instruments?
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Old Sep 19, 2015, 4:28pm   #203
 
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Quote:
Originally Posted by hhiusa View Post
I would like to see exactly how you came up with that figure. Why would you trade only a single instrument from only one asset class of financial instruments?
Why not?. The markets are free to be played as everyone wishes to fit their best interest.

Regarding my figure as I said before, it is not a fixed number. It may vary depending on what you trade (volatility, performance bond, etc), how big you trade it, your trading style and most important drawdowns periods. It is a personal calculation and it is very important that you are well capitalized in order to stand a chance.
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Last edited by malaspina; Sep 20, 2015 at 3:00am.
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Old Sep 19, 2015, 4:31pm   #204
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Chill, I was only stating that based off historical knowledge of trading with them.
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