DayTrading? Can i start with 250$?

Gatsby.

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Hello im looking for tips on how to start daytrading with a small amount of money. I dont know if its possible to profit with a small amount or not. Any good videos or groups to join as well? Looking to expand my knowledge

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call911

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Day trading what? Stocks, Crypto, Currencies?
I suggest doing extensive research on what day trading is before you put real money into it otherwise you will lose all your money regardless if you start with 10$ or 1000$

To answer your question yes it can be profitable. Matter of fact any amount is profitable for day trading if you're using the right platform
My experience with day trading Crypto (Sometimes i use leverage but i am very careful about it) is that a good average of profit is 3-7% a day
So with 250$ you should be able to make around 8$~ a day

But again, Please do ALOT of research before investing real money. Otherwise your chances of making money gambling is much higher than day trading
 

Kuchy

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I don't think many brokerage accounts will let you day trade shares with that small of an account value. Crypto might be a different story but I know for day trading shares, you get like 3 a week with robinhood. If you do more than 3 within 5 business days of the 3rd day trade, you'll get an account restriction. Etrade might be the same case. For Robinhood you have to have at least 25k account value to day trade without restrictions. Etrade might be the same. Additionally if you sell for a loss, you can't buy that same company shares for 60ish days. You'll have issues writing taxes if you buy it back.
 
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