 Start small So money geeks mr. V here welcome to another video guys so into this video I want to answer a question that I've gotten from some of you guys on the channel on how to day trade with a small account So if you again when I mean small account I'm talking something between a thousand dollars and five thousand dollars How do you do a day trade with that amount of money on Weibo? Before we get started guys if you're new to the channel will talk about how to earn money how to save money How to invest and build wealth? So if that's something that interests you go ahead and hit that subscribe button and the notification bell so you don't miss out on new content So how do you day trade on Weibo with a small account again? Like I said a small account in this case. I'm talking between one thousand and five thousand dollars For starters once you sign up for Weibo There are two types of account that you possibly will get you get a cash account or you get a margin account So I've actually done a video here on the channel where I break down the differences between the two accounts between Cash and a margin account and hook that here so you can definitely go check it out But just for this video, I'm gonna explain a little bit so a cash account Once you sign up and deposit money you get unlimited trade with a cash account But the only thing is there's a cash to it But when you sell your stocks it takes two business days For your money to settle back in your account before you can use it to trade again Whereas with a margin account if you have over 25,000 dollars, then you get unlimited Trade and if you have less than 25,000 dollars you get three day trade in a five business day cycle So if you take you can if you on Monday if you do three day trades and United until Five business days you will not be able to do another day trade. So that's just the catch up So in your case if you have less than a 25,000 dollars So in this case again between 1,000 and 5,000 dollars I would recommend that you switch here if you have a margin account today I'll say switch it to a cash account or if you haven't already opened the account open Cash account once you open your cash account and deposit your money and the money settles Here is how I want you to structure it because this is how I started you take for instance your 5,000 dollars. I want you to split it up into two parts. So $2,500 a piece So on day one let's say on Monday you only trade with $2,500. That's what you would have for trading that day And then on Tuesday you trade with another $2,500 So if you use $2,500 to trade on Monday, you have $2,500 to trade on Tuesday And then the other $2,500 that you traded with on Monday goes through Tuesday and settle on Wednesday And it's ready for you to trade with again. With that strategy You would never ever miss a day of trading because your money hasn't settled yet The implication here is that you are gonna make less profit because you're only trading with half of your Your buying power, but the good news is that you still be able to do your trade on a daily basis As opposed to having to wait a day for your cash to settle So that is a very simple strategy that actually started with I implemented that until my account grew to the point Where I could convert my cash account to a margin account in an insight trading unlimited trade So that works for me just fine So you should definitely give it up that strategy a shot And that is another way for you to avoid what I call the PDT that pattern day Trading valuation that you would get and also you can avoid good faith valuation So good faith would be that you buy a stock today with money that hasn't settled and then sell it today Before the money settled. So that way they'll punish you for doing that. So you you're using one stone to shoot two birds So you take that money you split it up in in two parts You are no you have enough money to trade every single day at the same time You are avoiding getting good faith valuation because you're not using unsettled cash to to trade So let me know in the comment section. What do you think about this strategy again? Like I said, it works for me. What if you don't add a honest other strategies that you are applying or implementing that is helping you Grow your account. Let me know the conversation Give you if you're new to the channel and you want to learn more about kind of day trading here on Weibo That's what I talk about. That's my that's my Experience and so we use Weibo and I'm gonna put a link in the description below where you can sign up and get two free stacks Just for signing up and depositing a hundred dollars to get you started and as always guys Stay motivated