Can You Trade Stocks With $100?

How much money do you need to trade stocks? Is there a minimum amount required to get started trading stocks? These are some very good questions that I remember asking when I was a beginner trader and just getting started in the stock market. Is $100 enough to trade stocks with? The good news is, “yes!”, you can use $100 to trade stocks. Back in older times when online platforms and brokers charged crazy fees and commissions, using $100 would not have been enough. In this new day and age of technology and innovation, most stock platforms and brokers offer $0 in fees and commission. With all that being said, if you want to give yourself the best chance at learning and finding success, you need proper context. While $100 is enough to trade stocks with, it also requires some surrounding context to ensure you don’t find yourself living in fantasy land. Let me break down a few facts so you can be better prepared for your trading journey!

I’ve been testing out a new financial product within my trading strategy. What is the financial product being tested? SPX Options! A few months ago I had a good friend (and a trader I respect) suggest SPX Options to me so I figured I’d give them a try. Like anything within the world of online day trading, you want to be sure your method is consistent and that risk can be managed. A massive part in answering these questions revolves around the data. I know I know! People hear the word “data” and they automatically assume “I’m not a geek!”. Sorry! Like it or not, you do need some data tracking in order to know whether your strategy is quality or deceitful. Let me walk you through the data of the first 101 trades I’ve made day trading SPX options.

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