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Any tips for trading with low capital?
What is the best strategy for someone who can only afford to start out with <$500?
It seems like commissions kill you unless you invest a lot. Even for a discount broker like trade king at $4.95.
That's
4.95x2 = $9.9 rounded to $10 that's a 5% loss if you invest $500. It's even worse if your broker is TD Ameritrade (which I use... for the tools mostly) where I spend $20 just on commissions. I've looked into penny stocks but the risk seems scary especially for a beginner (I have about a year of experience and I've done a lot of simulated trading.)
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