10 Steps to Becoming a Day Trader Tharp recommends having at least $100,000 for trading. Novices can start with smaller amounts, depending upon their selected trading plan, the frequency of Day trading is one of the best ways to invest in the financial markets. Unlike standard investing, where you put in money for a long period of time, day trading means you open and close all your My NEW Small Account Day Trading Challenge. During this small account challenge, I’m going to show you again how to start day trading with $500, but I want to approach things a little differently. Instead of setting an aggressive goal of turning the account into $1mil, I’m going to focus on being consistent.