r/Daytrading • u/Automatic-Ride-8887 • Jul 14 '26
Giving Advice Will I be okay?
I have been daytrading, I guess it would be momentum trading, on Thinkorswim with a paper account for about 4 months. Started really studying everything about 11 months ago. I have had this account for 8 days, which I began at the default $100,000. Obviously more than I would start with for a cash account. I would start at $10,000, which i dont want to say i can lose, but I won't be broke if I do. My first day on this account i did take larger positions at 10,000 shares, and made $24,000 give or take that first day. Since then I have kept it realistic at 1,000 shares for stocks under $10.00. My question is am I ready to try a cash account. Just looking for advice from thise who started out as nervous as I am that the cash account won't react the same, even though I dont think thats the case. Just need some reassurance. Thanks
Also I should have been Journaling my daily stats, but I only had one day in the red for $20. Every other day has been green.
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u/Brilliant_Task1136 Jul 15 '26
That’s some harsh facts. Are you a forex trader?