{"id":4813,"date":"2010-05-08T17:45:55","date_gmt":"2010-05-08T21:45:55","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=4813"},"modified":"2021-05-06T14:43:56","modified_gmt":"2021-05-06T18:43:56","slug":"traders-ask-how-much-capital-do-i-need-to-trade","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/traders-ask-how-much-capital-do-i-need-to-trade","title":{"rendered":"Traders Ask: How Much Capital Do I Need to Trade?"},"content":{"rendered":"

I’ve lost tremendous amounts of money in various markets and I think that that’s something that makes you better at my job, not worse.
\nJim Cramer<\/p><\/blockquote>\n

I received this email from reader Danielle. My sense is that our blog readers would have strong opinions that would help Danielle. \u00a0So I open up this blog asking for your advice to Dan. What are your thoughts?<\/p>\n

Dear Mike,<\/p>\n

I recently blew up a $3,000 to $200 trading options in my Think or Swim account. I opened the account so I can build up a capital base sufficient enough…… to trade my own funds thereafter.<\/p>\n

Obviously this didn’t happen, and wont happen,\u00a0at least for some time. I’m taking a part time gig as a\u00a0chauffeur\u00a0to start the process again and\u00a0build a base with which to learn to trade with.<\/p>\n

I’m reaching out to you to find out what you think would be a\u00a0decent\u00a0amount of money to start trading with.<\/p>\n

BTW, I kept a journal; although not structured or consistent, I was able to\u00a0enter down most of my bad trades and why I did them. My losses took place when I overtraded, traded to make up previous losses, enforcing my opinion of the market on my trade and being plain old greedy when I had FAVORABLE GAINS!!!.<\/p>\n

I would appreciate your help Mike. Still looking forward to training with you guys…at some point down the road.<\/p>\n

All the Best.<\/p>\n

Danielle<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

I’ve lost tremendous amounts of money in various markets and I think that that’s something that makes you better at my job, not worse. Jim Cramer I received this email from reader Danielle. 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