I currently have a long term investing account and would like to start maybe a weekly trading account.
I’ve only just started the learning journey, read a few books and soaking up the online info.
One thing I am unclear on is the account size to get started. If I am only putting a certain amount of the trading account into a single trade with a stop loss for risk management, I need a big enough account that the trade doesn’t get eaten by the commissions.
But I see people starting with a $1,000 account. How does that work if your paying somewhere between $10-$20 commission in and out on the trades? Do they just put the whole account with margin lending into one trade?
What capital is generally viable if something like the Wyckoff method is used at a weekly level?
submitted by /u/Unlikely_Situ to r/ASX_Bets
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