Here is a video recapping my day and covering how much money you need to start trading in the stock market successfully!
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By Stock Chat

where the coffee is hot and so is the chat

27 thoughts on “Should you start day trading stocks with $5,000? for beginners”
  1. Avataaar/Circle Created with python_avatars nick pope says:

    Thank you ๐Ÿ˜Š for this video, do you offer account management or have any recommendations?

  2. Avataaar/Circle Created with python_avatars Spacekids says:

    What app are you using for trading on your Apple computer that you showed in the beginning of the video

  3. Avataaar/Circle Created with python_avatars Scuffed Steve Aoki says:

    Dumb question that Idk if anyone will ask. If you are using only $5000 won'tt you be restricted by the day trading margin requirement of 25k balance?

  4. Avataaar/Circle Created with python_avatars Drunkscottsman says:

    I started with $1,000.. I can easily see a savvy trader getting to $25k and beginning their PDT adventure

  5. Avataaar/Circle Created with python_avatars Tyrece Smith says:

    Ricky so Iโ€™m at that same place what market would you advise me to learn Iโ€™m going to a seminar soon in general investing but what should I learn and where should I learn it?

  6. Avataaar/Circle Created with python_avatars Advesha says:

    man, so many people say you're a scammer but I don't even care at this point. You clearly know what you're talking about, even if you don't make as much as you say you are you're still helping a lot of people. Great video.

  7. Avataaar/Circle Created with python_avatars ted101975 says:

    In order to day trade don't you need 25 grand first?

  8. Avataaar/Circle Created with python_avatars Coconutsfor2 says:

    Clean that Pool Rick – I think I saw a floater . lol

  9. Avataaar/Circle Created with python_avatars Chris Taylor says:

    Know your laws on car sales. Some states have limitations on how many you can sell before you are required to basically register as a dealer of sorts.

  10. Avataaar/Circle Created with python_avatars Daneila Bizer says:

    Great video. Is day trading basically gambling?

  11. Avataaar/Circle Created with python_avatars Teiona jones says:

    what classes did you take in highschool

  12. Avataaar/Circle Created with python_avatars Sam Carlsen says:

    It's not advisable to trade with $5000 as a beginner. Never. I make profit as a trader under the platform of Binary Trading but then I wont advice anyone to start with 5k

  13. Avataaar/Circle Created with python_avatars The Dividend Experiment says:

    Without learning how to do it, day trading with $5000 is probably one of the quickest way to turn it into $2000

  14. Avataaar/Circle Created with python_avatars Jairo Flores says:

    Thumbs up ricky….I'm gonna sign up for your course this coming week…hopefully down the road i can meet you in person. Great work man!!!

  15. Avataaar/Circle Created with python_avatars othercousin says:

    Love learning from you. But this comment is about your swimming pool. Ewww! I'm a pool company owner. I can fix that for you. You need a better pool guy or more frequent visits if you have a lot of regular swimmers. Contact me with some specifics and I can tell you how to make it always be ready to swim. No charge in return for the help you give on your videos. Once you know the secrets and consistency required it only takes about 10 -20 minutes per day even for a heavily used pool. 20-30 minutes once a week for the average used pool. I don't want to see that green pool in one more video! lol

  16. Avataaar/Circle Created with python_avatars LIGMA B says:

    Growing up I was always told by people that I was super patient and I agreed with them and took pride in that.

    Then I started trading in the stock market (paper trading) and learned really quick that I was not as patient as I thought. That was quite a shock! Lol

  17. Avataaar/Circle Created with python_avatars William says:

    Thanks for consistently posting great videos, All you do is bring value, positivity and motivation into my life bro.

    Ive grown my account by 15% this month, Youโ€™ve played a huge roll in that

  18. Avataaar/Circle Created with python_avatars Wasim Al Imam says:

    How the money works hard for me, that sounds stupid, u need to learn how to focus as you sounds so distracted…

  19. Avataaar/Circle Created with python_avatars Lolz says:

    Interesting little setup I got into to avoid the pattern day trading violation. 3 day trades per 5 business cycle so what I do is I do one day Trade on Monday, one Tuesday, and one Wednesday and stop as that is my 3 allowed per 5 business days. I then SWING TRADE by open a position on Thursday and sell that position on FRIDAY the NEXT DAY as that is not considered a day trade but a swing trade.. this allows me to day trade 3 times per week and get one swing trade in per week! I love it.. I think if a lot of new investors understood how to manage their trades and stick with it they wouldn't be so confused/frustrated with the PDT Rule…. for me 3 day trades and one swing trade a week allows me 4 trades per week without breaking any rules and I can focus more on those 4 trades which is key to not over trade as a new investor….. it is working really well for me I'm going to stick with the routine I got going ๐Ÿ™‚

  20. Avataaar/Circle Created with python_avatars John 3:16 says:

    Great info Ricky

  21. Avataaar/Circle Created with python_avatars firelord9000 says:

    yo yo yo ricky my guy yo yo your pants are ripped!!!!!

  22. Avataaar/Circle Created with python_avatars Calvin Raab says:

    Great video!

  23. Avataaar/Circle Created with python_avatars Okayman says:

    Did you sell when you were down or did you keep it so you wouldn't take the loss?

  24. Avataaar/Circle Created with python_avatars mark ass brownlee says:

    I started trading 2 months ago, at the start I was having big red days but after trading for a bit longer and using some good strategies I havent had a red day since, I only trade in stocks that I know will make me money

  25. Avataaar/Circle Created with python_avatars Emmett Brewer says:

    Have you used Webull before?

  26. Avataaar/Circle Created with python_avatars MetalBreakdown says:

    Hi Ricky, would you consider that 5k is enough to start investing? Love your vids, keep inspiring us!!!

  27. Avataaar/Circle Created with python_avatars adnanrizvi87 says:

    When you say you trade with the member live everyday, does it mean they can see you making entries? I know one should not follow anyone in trading just want to know before i join, i want to know when you say watch me trade live, what does it mean?? Thanks

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