How much money do you need to make a living from trading? Steve Ruffley, day trader comments. Unless you start with 5k, just don’t bother. Most traders end up getting wiped because they are undercapitalised – put it this way; which business would you start with less than 5k capital? I would recommend you put in more like 25k to 30k to start with but everyone of us have different circumstances so this may not be possible. But at the end of the day it takes money to make money.
Do you believe in diversification? Risk a little to make a lot. They call it asymmetric risk/reward but is this realistic?
Guys, please appreciate this guy is a day trader, meaning he holds and sells positions for very short periods and as such his methodology may be different to others.