I am looking to open a trading account soon, and start paper trading using the strategy I intend to use to practice, and would just like some feedback/tips if it's feasible or not to achieve my goals.
I plan to day trade using a momentum scalping strategy, taking small positions and getting out very fast, capturing small profits of .10-15 cents. I do not plan to make trading my full time job, but is it reasonable to expect to be able to make at least $30-50 a day using this kind of strategy if I start trading with $10,000 and margin?
I plan to day trade using a momentum scalping strategy, taking small positions and getting out very fast, capturing small profits of .10-15 cents. I do not plan to make trading my full time job, but is it reasonable to expect to be able to make at least $30-50 a day using this kind of strategy if I start trading with $10,000 and margin?
Tips on my trading strategy
