Is it possible to make $5,000 a month day trading? - page 4.

Emitdama

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Quote from: dustboy on September 23, 2021, 02:43:03 AM

The question is to make $5,000 in a month, not in a day. With your calculation, you will make $150,000 in a month. If the target is to make $5,000 in a month and if you use 1% per day, you should make a profit of $167 daily means that you have to start with only $17,000.

The big question, is it possible to earn 1% every day in a month without any single loss?

This is one million dollar question because no one can give you perfect prediction about this you need some very good skill and very good knowledge of trading but with this all luck is also very important because with these things you can't able to do any good thing and not able to have any profit.

OP is just a beginner most chances he will lose his all capital because he needs something extraordinary for this income which he is need monthly better he needs some good education about this otherwise he can lose all because it's happen with many they lost their all funds just in few days as they are going to take risk like this.

Pamadar

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Quote from: Strongkored on September 20, 2021, 07:42:59 AM

Quote from: 9thsky on August 22, 2021, 05:55:33 AM

3) No other means of income (can't sell my service)

this means that this will be your only income to meet all the necessities of life, right?
The pressure will be even greater, especially if the funds you use are all the money you have, there are no other reserve funds.
$5,000/month maybe can, but you will definitely go through some mistakes first to finally find the right formula to achieve that.

If that the case, achieving the goal is very difficult, if there's no other sources taking the big risk for higher possible result might not be prioritize, though it's possible if you already have the strategy or system that will serve as pattern fr your daily quest. The market is an open venue as everything that you'll going to plan and execute will turn either favor or against you. Such kind of limitations needs also a consideration in planning this target outcome.

Quote from: Cornia on September 22, 2021, 07:59:14 PM

Trading depends a lot on your experience and luck. If you are a skilled trader then $15000 is a good starting money to make profit of $5000 per month. And if you are lucky, you can earn more than $5000.

Depending to how good your understanding and what kind of experienced you already have, part of this business is also luck as finding the right asset to use as your token for your investment not only relying with supply and demand but also with perfect timing and good luck that will back your investment up to achieve your monthly target.

Tumanggor

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do you still remember the wise phrase = "nothing is impossible"
Earning $5000/month with daily trading is easy if you master trading well and have good emotional control

but to get to $5000/month with daily trading you have to experience and struggle which will certainly be very heavy
if you back off when you are just starting or are still in the middle then it's useless

Mpamaegbu

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With your start up capital of $15,000 your target is achievable but that will be based on certain values which I like to tag, "the trading set skills". It's more important to master the act of trading than splashing cash on an account. Again, you may want to make a pick from selected few cryptos and not attempt to trade any one you find trending so as not to lose focus.

Quote from: palle11 on August 22, 2021, 09:08:13 AM

The balance of $15,000 can give you more than you are estimating for the month. The profit of $5,000 is easy to achieve even before the month ends and how it can be easier is to trade in highly volatile coins like bitcoin. Bitcoin was around $29,000 the past one month and now above $49,000. The calculation of the difference of $49,000 - $29,000 is $20,000 , this is really big as you can see for a month.

The above analysis is if you just bought and hodl, you would have made like $20,000 without trading at all, just with your investment resting on your wallet or exchange. Therefore, if you do trading and you understand how to enter in the right time and exit time too you can keep smiling all the time with profit above $5,000.

Yes, that's a good angle and analysis to see it from. But OP is a day trader and not a hodler. Even if they had bought Bitcoin at hat level I ain't sure he would've gone all out on Bitcoin and bought a whole. Day traders like to split their trades into several pairs. Secondly, if OP had bought a whole they wouldn't have hedl it to the $49,000 level. Day traders don't have the patience of hodlers. They sell and buy too quick.

dustboy

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Quote from: bitcoinst on September 22, 2021, 01:43:57 PM

Quite, but everyone will forget to depend on your deposit.
For example, in order for it to be 1% of your deposit, and you could make 1% per day, which will be equal to $ 5,000, $ 500,000 will be enough for you to feel comfortable.

The question is to make $5,000 in a month, not in a day. With your calculation, you will make $150,000 in a month. If the target is to make $5,000 in a month and if you use 1% per day, you should make a profit of $167 daily means that you have to start with only $17,000.

The big question, is it possible to earn 1% every day in a month without any single loss?

mksundip

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Quote from: mk4 on August 22, 2021, 06:20:06 AM

$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.

skill is the most important and most influencing to get profit. I think the most important thing is to improve your trading skills. if it is fulfilled everything will be easy to get profit as desired by traders.

Rehan Zakir

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Yes brother it is possible. In trading you can earn as much as you can. But it all depends upon your skills and investment. If you have a good investment and good technical analysis skills. Then start trading and earn money. Trading is not a game. Take it as a business. And in business there is no limitation for earning. Grow your business and grow your earnings. And earn money as much as you can. Your skills will help you to make money. So, work on your skills. Learn better and earn better.

Cornia

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Trading depends a lot on your experience and luck. If you are a skilled trader then $15000 is a good starting money to make profit of $5000 per month. And if you are lucky, you can earn more than $5000.

pelumi20

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It is definitely possible to make $5,000 trading (even more) and it is also possible to lose everything. The deciding factor whether you will make profit or suffer huge losses is your trading ability. You cannot just expect to get into crypto trading and start making money right off the bat. You need to learn first before you even think of earning from the market.

riso2015

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everything can happen , but there is no accuracy of how many percent can be sure . Maybe you should make a daily target in balance with a good coin analysis for your daily trading . Create the risk of loss that you can face. Most importantly your skills that must be improved every day. All possibilities can happen. Do not worry.

bitcoinst

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Quite, but everyone will forget to depend on your deposit.
For example, in order for it to be 1% of your deposit, and you could make 1% per day, which will be equal to $ 5,000, $ 500,000 will be enough for you to feel comfortable.

Strongkored

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Quote from: 9thsky on August 22, 2021, 05:55:33 AM

3) No other means of income (can't sell my service)

this means that this will be your only income to meet all the necessities of life, right?
The pressure will be even greater, especially if the funds you use are all the money you have, there are no other reserve funds.
$5,000/month maybe can, but you will definitely go through some mistakes first to finally find the right formula to achieve that.

TheUltraElite

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Quote from: Renampun on September 13, 2021, 12:41:25 PM

it is very difficult to determine what is the right amount so that you can make $5000/month from trading...

Theoretically it is possible. Practically it is difficult but not impossible..

Quote from: Sweetbtc on September 07, 2021, 11:52:36 AM

You can but sometimes it will be difficult in this volatile market that when it goes down then it will definitely be a problem for the day traders, because day traders didn't have that much time to stable again and wait for the coins too much. And i want to say one thing that it will be easy for you if you going with some strategic best rules for yourself.

For starters, day trading is a wrong step. Without prior day trading experience in the stock market or so, they will likely get washed out.

LUCKMCFLY

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Quote from: MusaMohamed on September 12, 2021, 12:44:25 PM

Quote from: LUCKMCFLY on September 10, 2021, 03:23:17 PM

Yes it can, but I do not know what style of trading it handles, in my case to handle that type of capital I would distribute it 75% only to BTC and the other 25% I would distribute it in the alts market and some NFTs . Above all, I would do a good study for the NFTs that are exploiting with great success.

Trading is risky and indicate a monthly profit target is riskier because it will cause pressure. If you get less than $5000 profit, you will try to get it that will make bad decisions.

And $5000 monthly profit bases on how much a capital is?

Quote

Of course, you have to be very careful to know how to choose the NFT projects to follow, some quickly become scams, as happened in 2017 with the ICOs, there was a lot of investment at that time and some failed projects that were not very relevant, and some that are still standing right now. It is also necessary to highlight what you want to achieve, whether to speculate in the market or simply go down the investment path, which is very different, and that other premises are taken into account.

I think NFT projects are risky and I don't support the idea to invest in NFT projects. Polkadot is better than NFT because it is a project that builds up a platform for other projects. It is like Ethereum, Binance Smart Chain, Solana.

Polkadot with the success of its Kusama blockchain, looks to be very promising when its main net is officially launched.

You are right, although for all that I have been seeing especially on social networks, a lot of money is being directed towards NFT games, such is the case of Axie Infinity, Plant vs Undead, among others, of course following some news of these games have made updates where the people who play are not having as much profitability, but many earn money entering the pre-sales, the public sale phase and at the time of launching the game, that is where everything that has to do with staking comes in, Among others, these are the things that I mean, of course they are not very safe things, but boy are many making money with that.

Renampun

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Quote from: 9thsky on August 22, 2021, 05:55:33 AM

...

it is very difficult to determine what is the right amount so that you can make $5000/month from trading...

in theory, you can make $ 5000/month even with a capital of $ 100 if you are very precise in selling/buying. trading does not give a definite income so but if you set a target at $ 5000 then your chances of getting it will be great as long as you are always right.

Pamadar

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Quote from: Pom_bensin on September 13, 2021, 10:22:10 AM

Quote from: Oshosondy on August 22, 2021, 09:27:07 AM

Quote from: 9thsky on August 22, 2021, 05:55:33 AM

...

You are a beginners, there is a chance of 95% or more that you may lose the $15000 than gain, you are a beginners, you will need to first learn how to trade, no other ways after you have known analyses than to use very small amount of money, you can start with $100 or less and see how it goes. I will advice you to wait for the market to dump and invest $15000 instead of trading it, day traders can lose all their trading capital in just a week even in just a day, try to start patiently and be carefully, have good money management.

this is the expectation of beginners. he always uses imagination not reality on the ground. $15K capital beginners always think about profit. however, they do not think about downside risks and losses. I think this should really be considered by beginners so as not to get caught up in self-confidence before the action

Taking everything into consideration and balance well before taking any steps would help beginners to avoid losing inside this investment.

Only concern with profits and not to think about possible risk is mostly the misconceptions, and most of the time
It leads most newbies to instead of earning money; they lose it in the process. Trading is not always positive there's
also mistake and wrong decision making, but if you are aware and you know how to adjust and work harder,
any amount is possible to earn while you are in this market.

Quote from: Kittygalore on September 13, 2021, 11:34:22 AM

If you have a big capital and you are good at trading which is hard to then probably you will be able to make those numbers easily although depending on the capital, you might be able to do more than that in a month.

Depends on your capabilities, each traders have their skills and knowledge if you have that good understanding
to this business, there are always possibilities to earn the amount that you are aiming to achieve.

Kittygalore

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If you have a big capital and you are good at trading which is hard to then probably you will be able to make those numbers easily although depending on the capital, you might be able to do more than that in a month.

Pom_bensin

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Quote from: Oshosondy on August 22, 2021, 09:27:07 AM

Quote from: 9thsky on August 22, 2021, 05:55:33 AM

...

You are a beginners, there is a chance of 95% or more that you may lose the $15000 than gain, you are a beginners, you will need to first learn how to trade, no other ways after you have known analyses than to use very small amount of money, you can start with $100 or less and see how it goes. I will advice you to wait for the market to dump and invest $15000 instead of trading it, day traders can lose all their trading capital in just a week even in just a day, try to start patiently and be carefully, have good money management.

this is the expectation of beginners. he always uses imagination not reality on the ground. $15K capital beginners always think about profit. however, they do not think about downside risks and losses. I think this should really be considered by beginners so as not to get caught up in self-confidence before the action

blockman

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Quote from: Sweetbtc on September 07, 2021, 11:52:36 AM

You can but sometimes it will be difficult in this volatile market that when it goes down then it will definitely be a problem for the day traders,

Traders can adapt if the market goes down. There's still a way to profit on that scenario but it will be depending on how good trader they are.

Quote from: Sweetbtc on September 07, 2021, 11:52:36 AM

because day traders didn't have that much time to stable again and wait for the coins too much. And i want to say one thing that it will be easy for you if you going with some strategic best rules for yourself.

They have a lot of time and that's why they're called day traders because they're focusing with the market and with their traders. Someone goals for a certain profit a month. He can even achieve more with that goal if he's doing better and if he's knowledgeable about the market and knows how to do technical analysis and fundamental analysis.

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Quote from: 9thsky on August 22, 2021, 05:55:33 AM

*4) Starting with $15,000.

With this high capital, you should be able to do that, getting around $5k profits from trading.
But, you must also remember several things:
- Have you also thought about the risks if you may lose some of your money?
- Have you learned exactly what is trading, the analysis, and also coins to trade better?
- Have you know how to have good management of your funds and emotion?

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