Topic: Is it possible to make $5,000 a month day trading? - page 10. (Read 1324 times)
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It is possible but that will depend on how good you do day trading because if you do not have good skills, you will not earn much money and will have a chance to lose that money. Day trading is not easy as you need to watch and analyze many coins, which can confuse you. But if you think you can earn the money you want, maybe you can try and see if you can do that or needs more learning about trading. Not many traders can earn much money from trading because many are greedy, chasing bigger profits.
If you have enough knowledge about day trading and market then this is not impossible to make $5000 in a month by $15,000. Enough knowledge means enough knowledge. Also you need to have knowledge about crypto currency market. You can choose a very good exchange for this. You can buy leverage token. But if you don't have enough knowledge about leverage token must be avoid it. By buying potential crypto you can make profit easily.
I think only futures day trading might be able to generate that kind of income with such a bankroll. I don't want to sound pessimistic but 33% ROI is quite something especially for new traders in crypto. At this rate, you are essentially doubling and more your money within 3 months which I don't think sounds like a realistic and doable profit. Maybe a 10% profit each month is realistic and achievable. If you set your targets in trading too high, you might lose everything in frustration of not achieving it. If you set small goals, you will feel empowered after achieving them which actually helps you earn more.
With the following criteria...
1) Make spendable (can't use it to trade) $5,000 usd net a month.
2) Daytrading full time.
3) No other means of income (can't sell my service).
*4) Starting with $15,000.
5) Trading all crypto (not just btc).
* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).
1) Make spendable (can't use it to trade) $5,000 usd net a month.
2) Daytrading full time.
3) No other means of income (can't sell my service).
*4) Starting with $15,000.
5) Trading all crypto (not just btc).
* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).
Investing $15k on different crypto coins and looking for $5k every month on day trading, yes its possible. However, you can not expect it would happen every month as market may not be as we expect always. Yes, I understand that since this would be the source of your income after you invest all you hold, but yes you need to be open enough to understand the market and analyze the coins you are investing in. Then yes, you need to be much patient enough to hold your coins. Don't get into a manupulated market.
So basically you have $15k capital and aiming to earn $5k every month just by day trading.
I think it's completely possible but it mostly depends on the nature of the market right now. If the market is bullish, you can easily make that much money because as a day trader, you rely on the market to go bullish. If the market is bearish or neutral, it is really hard to do much of anything but to wait out.
Remember, day trading Bitcoins is a good idea but for altcoins, maybe not so much.
I think it's completely possible but it mostly depends on the nature of the market right now. If the market is bullish, you can easily make that much money because as a day trader, you rely on the market to go bullish. If the market is bearish or neutral, it is really hard to do much of anything but to wait out.
Remember, day trading Bitcoins is a good idea but for altcoins, maybe not so much.
The fourth condition is what is really going to limit you and if you really try to make this a reality it is going to make you take unacceptable risks that will eventually make you lose money, in my opinion you need a minimum of 100k and if possible 200k to make it more realistic, now I know that a lot of people may think these numbers are too high but that is precisely the thing, when the market is going up making money will be easy and when it is not moving at all you will have a lot of problems making money, so the high capital is to act as an insurance policy that generates a lot of profits in the good months and it covers your losses you during the bad months.
Honestly if one has to spend $200,000 to earn a bare minimum of $5000 each month, I would advise them to just hold for a year and almost guaranteed that you will at least double your money if not more. I am not saying it theoretically either, you can compare the data already available about price and surely it has more than doubled each year, with an exception of a few.Crypto trading is all about quick profits and if you are taking too long to earn bits, then better just to hold the amount and wait for the bull run to cash in. There is no point in trading all day if you can't make money worth your efforts and time alone.
With the following criteria...
1) Make spendable (can't use it to trade) $5,000 usd net a month.
2) Daytrading full time.
3) No other means of income (can't sell my service).
*4) Starting with $15,000.
5) Trading all crypto (not just btc).
* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).
The fourth condition is what is really going to limit you and if you really try to make this a reality it is going to make you take unacceptable risks that will eventually make you lose money, in my opinion you need a minimum of 100k and if possible 200k to make it more realistic, now I know that a lot of people may think these numbers are too high but that is precisely the thing, when the market is going up making money will be easy and when it is not moving at all you will have a lot of problems making money, so the high capital is to act as an insurance policy that generates a lot of profits in the good months and it covers your losses you during the bad months. 1) Make spendable (can't use it to trade) $5,000 usd net a month.
2) Daytrading full time.
3) No other means of income (can't sell my service).
*4) Starting with $15,000.
5) Trading all crypto (not just btc).
* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).
With the following criteria...
1) Make spendable (can't use it to trade) $5,000 usd net a month.
2) Daytrading full time.
3) No other means of income (can't sell my service).
*4) Starting with $15,000.
5) Trading all crypto (not just btc).
* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).
Time, capital, and nothing that disrupt you, maybe if you really good at it you can get more than it. Because with less capital, if the person really good at trading he can get what you aim. $5000 from $15000 means you want to get maybe 30% profit with it a lot of people will said that it is really possible. But if you really new in trading and don't have any skills in it, you can end with losses no matter how much your capital. 1) Make spendable (can't use it to trade) $5,000 usd net a month.
2) Daytrading full time.
3) No other means of income (can't sell my service).
*4) Starting with $15,000.
5) Trading all crypto (not just btc).
* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).
We are in the bull run and trading with 15,000usd is already a huge money. During bull run a 2x to 4x profit within a month is possible. But it is not possible with Bitcoin only, you need to find a high marketcap altcoin with huge volatility.
With the following criteria...
1) Make spendable (can't use it to trade) $5,000 usd net a month.
2) Daytrading full time.
3) No other means of income (can't sell my service).
*4) Starting with $15,000.
5) Trading all crypto (not just btc).
* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).
1) Make spendable (can't use it to trade) $5,000 usd net a month.
2) Daytrading full time.
3) No other means of income (can't sell my service).
*4) Starting with $15,000.
5) Trading all crypto (not just btc).
* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).
If you have enough knowledge about day trading and market then this is not impossible to make $5000 in a month by $15,000. Enough knowledge means enough knowledge. Also you need to have knowledge about crypto currency market. You can choose a very good exchange for this. You can buy leverage token. But if you don't have enough knowledge about leverage token must be avoid it. By buying potential crypto you can make profit easily.
Using leverage is very risky specially when you have only 15000$ for trading and you can't afford to lose money. You can try spot trading but remember you need to be a professional trader in order to make money in day trading, else in most of the time you will be stuck in the coins.
Yep. If you use leverage willy-nilly then of course it's really really risky. But then again, maybe don't even trade at all if you can't afford to lose money in the first place. Trading is never guaranteed profit.
As said before, it's possible with leverage with even less initial capital.
But, when you analyze the price of cryptos since the beginning, the less risky way is to buy and never short! Buy the bottom but don't try to short the (potential) top, moreover if you use leverage, it's the best way for losing all your capital
But, when you analyze the price of cryptos since the beginning, the less risky way is to buy and never short! Buy the bottom but don't try to short the (potential) top, moreover if you use leverage, it's the best way for losing all your capital
With the following criteria...
1) Make spendable (can't use it to trade) $5,000 usd net a month.
2) Daytrading full time.
3) No other means of income (can't sell my service).
*4) Starting with $15,000.
5) Trading all crypto (not just btc).
* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).
1) Make spendable (can't use it to trade) $5,000 usd net a month.
2) Daytrading full time.
3) No other means of income (can't sell my service).
*4) Starting with $15,000.
5) Trading all crypto (not just btc).
* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).
Nothing is impossible, everything is possible.
But yes you need to learn some experience.
If you have good experience and knowledge and 15k USD to trade then it’s possible to make 5k usd per month.
Yes it would be more easier, if you can follow paid calls or follow good free calls and choose right coin to invest.
Hope you make good income from this and hope my suggestions help you.
It was hard to measure how much we were able to make in a month due to the market volatility but if you are guided with your effective plan that seems to be achieving ($5k is quite small). And not just a plan could help but also the capital we invest in trading as I know and as I what to believe that huge capital gives you a bigger chance to make a big profit, may losing it is possible but if we talk about profit gain, that will consist advantage as we can spread more coins to trade.
nothing is impossible in crypto to score anything. Most importantly you are good at planning , managing finances and a good strategy . If you can do that, I don't think anything is impossible. Maybe we can't get 100 percent profit but we can score 10% many times.
It is super possible it depends on how much money you will risk and it depends on the leverage you will set if you have a good catch up with an uptrend coin and you set with the higher leverage there's a chance that you will get the monthly quota you want but of course the higher the leverage the higher the risk it is most It is better to have a stop loss and take profit again trader is the battle of the mental and emotional state if you already losing or taking profit to handle the risk don't get too much greedy or hopeful.
$15,000? Sure, very very possible. You can even make $5000 a month starting with $100 using leverage.
But the question is, how good are you actually with trading? Because the results will mostly depend on your skills/knowledge rather than your bankroll, and how much risk you're willing to take. You can even start with $1 million but you'd lose it all if you don't know what you're doing.
But the question is, how good are you actually with trading? Because the results will mostly depend on your skills/knowledge rather than your bankroll, and how much risk you're willing to take. You can even start with $1 million but you'd lose it all if you don't know what you're doing.
Using leverage is very risky specially when you have only 15000$ for trading and you can't afford to lose money. You can try spot trading but remember you need to be a professional trader in order to make money in day trading, else in most of the time you will be stuck in the coins.
Like mk4 said you only have to be good at it especially in margin trading if you do it on the spot market, it may be very different and you can only earn $5000 if you can wait in holding. Hard to try futures if you are unsure of what you are doing.
If I have to gamble my I would try the VET or Siacoin, and keep busy trading in the 4 hour chart. This suggestion is just a gamble because I've tried this before with Doge and it worked well because a tiny increment of price is a big profit.
If I have to gamble my I would try the VET or Siacoin, and keep busy trading in the 4 hour chart. This suggestion is just a gamble because I've tried this before with Doge and it worked well because a tiny increment of price is a big profit.
I think the sky is the limit when it comes to trading but like what you mentioned, it all boils down to your experience and skill in speculating the market.
That's pretty much it. The height of the ceiling only depends on how much risk you're willing to take. But of course, at the same time it could just as easily go the opposite way and end you up with zero in no time.
$15,000? Sure, very very possible. You can even make $5000 a month starting with $100 using leverage.
But the question is, how good are you actually with trading? Because the results will mostly depend on your skills/knowledge rather than your bankroll, and how much risk you're willing to take. You can even start with $1 million but you'd lose it all if you don't know what you're doing.
But the question is, how good are you actually with trading? Because the results will mostly depend on your skills/knowledge rather than your bankroll, and how much risk you're willing to take. You can even start with $1 million but you'd lose it all if you don't know what you're doing.
I think the sky is the limit when it comes to trading but like what you mentioned, it all boils down to your experience and skill in speculating the market.
Even with a minimum invested capital as low as $1,000, any amount of profit is achievable but you have to consider the opportunity and luck playing a big role on this aspect. An experienced trader may earn as much as anything on a given month but they can still earn and lose at the same time depending on the market.
Bottomline is, trade in order to gain experience. After attaining such skill, then you can start putting large amounts of sum in your trades.
Possible, but there's no guarantee that you will easily make money in trading, you might face different consequences and remember always how to handle risk or manage risk in trading that usually newcomers don't have.
I don't know how good you are in trading because you didn't tell us above, this also varies on your skills and knowledge in trading. Because there are too many ways or strategies of making a profit (or losing profit) in trading. But before you will start, please consider this advice as to your first step in trading, or either you've your own research in the first place.
I don't know how good you are in trading because you didn't tell us above, this also varies on your skills and knowledge in trading. Because there are too many ways or strategies of making a profit (or losing profit) in trading. But before you will start, please consider this advice as to your first step in trading, or either you've your own research in the first place.
- Pick a good exchange trading platform that suits you as a newbie or expert.
- Find a good source of information regarding trading and start your Fundamental and Technical analysis.
- Look pattern and create your own forecast upon predicting the market.
- Use advance tools that can help you in trading.
- Risk Management.
- Portfolio Management.
- Set a trading plan and stick to it.
- Target profit, avoid being greedy.
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