Topic: Is it possible to make $5,000 a month day trading? - page 6. (Read 1324 times)
$15,000 is a big capital for me and I really think there's no problem earning $5,000/month I think with that kind of amount you will earn more than $5,000 but still depends on how good you are in trading I for once managed to earn more than $12,000 from my budget of $3000 in less than a day through leverage but I can really say it's risky I got -$1500 first before reaching $12,000.
the most important thing is skill, you can have any target for trading but remember, trading is not as easy as we imagine. must have a lot of analysis, ability, capital and others. manage the management well and you can get a profit target of $ 5000 or more
Skill and your sanity towards it. I remember an author about trading that the most important aspect to learn if you want to trade full time was your psychology behind it. Making a $5000 monthly trading profit may vary and even if you say you can do it full time and have that starting capital, it doesn't necessarily mean you'll get it monthly like what you expect it to be. 
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).
Making as much is possible with whatever you are willing to start with as many traders have made millions with $100 or even less but what main was they have don techo, financial analysis of the Market and gained knowledge and experience of how market responds to certain elements which made it possible for them.So you need to possess some special skills for that and making money is not an easy task and you could make more what you desire for and even lose all your initial investment so be careful man. 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).
Trading Cryptocurrency required 100% concentration. I'll bet you will lose your concentration if there are pressing needs like food and groceries and bills to paid. In other words, the criteria you listed will not let you concentrate to even make profit. I think you need to get a job for a guarantee income or start a business while you develop your trading skills and apply it in your daily trading!
I dont think concentration has anything to do with profit in that sense. If you are talking about day trading and being able to run it since it runs 24x7, then to make lives easier you can develop your own bots that can monitor markets and send you information on the go. This is not possible for those who lack a programming background but it is possible to learn and execute.Otherwise keep life simple and not day trade - keeps all the anxiety and social problems away and makes sure the trader remains sane and continues with the natural livelihood.
Whether one can make a specific amount like the OP said, I would not bet on it. It is possible but not necessary to make. Being able to profit a certain percentage of your capital should be your target not a specific amount, but the market changes are not in control of your hands so even then there is no harm if a certain month goes negative for you.
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With $15,000 it's very possible with an accurate strategy. With that account size trading on a standard lot size wouldn't look greedy since the account is fit for it but always apply risk management because the waves of the trend can change direction no matter your system of analysis
With $15,000 it's very possible with an accurate strategy. With that account size trading on a standard lot size wouldn't look greedy since the account is fit for it but always apply risk management because the waves of the trend can change direction no matter your system of analysis
And we are not sure if OP's strategy will work for him and therefore, he would be able to reach the target. I'm doubted that it works all the time but if we are already in trading for many years, $5,000 is quite easy for us. So basically, what could affect the results of our trading had come from the strategies and capital we have. The bigger capital has a higher chance to make a profit as well but we should have to work it hard as we know how volatile the market is.Having 15k capital and aiming for 5k a month in trading which is basically 30% of your capital which is really very plausible if you done it right but well it will really be depending
on op's hands on how he would gonna handle his investment but asking if its possible then its yes because you can even earn more than that if you done it well.
With $15,000 it's very possible with an accurate strategy. With that account size trading on a standard lot size wouldn't look greedy since the account is fit for it but always apply risk management because the waves of the trend can change direction no matter your system of analysis
And we are not sure if OP's strategy will work for him and therefore, he would be able to reach the target. I'm doubted that it works all the time but if we are already in trading for many years, $5,000 is quite easy for us. So basically, what could affect the results of our trading had come from the strategies and capital we have. The bigger capital has a higher chance to make a profit as well but we should have to work it hard as we know how volatile the market is.
With $15,000 it's very possible with an accurate strategy. With that account size trading on a standard lot size wouldn't look greedy since the account is fit for it but always apply risk management because the waves of the trend can change direction no matter your system of analysis
With your capital of $15000, you are making at least 33% return every month, I think that's unrealistic, you can never be consistent in making profit in a monthly basis, because if you do, then there should be no problem increasing it as you can easily increase your capital with the profit you will accumulate overtime.
The question is, "is it possible?" yes, but unlikely.
The question is, "is it possible?" yes, but unlikely.
Trading Cryptocurrency required 100% concentration. I'll bet you will lose your concentration if there are pressing needs like food and groceries and bills to paid. In other words, the criteria you listed will not let you concentrate to even make profit.
People can look at it as motivation but I do agree with you. It's the pressure that you'll have to take for each trade if you're going to have that span within a month with that amount. I think you need to get a job for a guarantee income or start a business while you develop your trading skills and apply it in your daily trading!
This isn't a bad idea, you continue your job until you finally can make a decent living through trading as you become experienced. 
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).
Trading Cryptocurrency required 100% concentration. I'll bet you will lose your concentration if there are pressing needs like food and groceries and bills to paid. In other words, the criteria you listed will not let you concentrate to even make profit. I think you need to get a job for a guarantee income or start a business while you develop your trading skills and apply it in your daily trading! 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 enough capital, $15k will make a lot of profit too if traded correctly. $5000 in one month will not be impossible. But it should be noted, trading must carry out management, must be disciplined and use the correct and predetermined strategy.
Scalping may be the fastest method to make a profit. Day trading must also be supported by good knowledge of candle reading.
Do not try to trade just because you have a lot of capital, but do not have sufficient knowledge to trade. it will just waste your money.
Scalping may be the fastest method to make a profit. Day trading must also be supported by good knowledge of candle reading.
Do not try to trade just because you have a lot of capital, but do not have sufficient knowledge to trade. it will just waste your money.
This market with 15,000$ is big capital and so much possible to earn 5,000$ in a month. But it is mostly depend on trader experiences.
I see someone who guy was made $7000 amount in 18 (eighteen) days. So it is possible for professional traders.
I see someone who guy was made $7000 amount in 18 (eighteen) days. So it is possible for professional traders.
Wow, that is a great figure, it would be necessary to study what type of strategies he uses, the truth is that I would make that profit depending on how much is his capital, usually I always seek to do at least or supplement with 6% quarterly, I would focus on obtaining that firstly, then that 6% may be easily achieved and the rest can be devoted only to pure profit, I believe that everything has to do with the goals that are imposed and with the appropriate strategy.
I think discipline is what lies there and I have also realized that long-term trading is the most profitable one, what do you think?
What trader do you refer to? If it is for a professional trade, it is very possible to earn $5k in a month. But it should require a capital of about $1k. And I think there is no guarantee it can get $5k every month because sometimes crypto market isn't in good condition for trading. When it is in a downtrend, I bet the professional trader also gets difficulties to take profits. Because most crypto coin tends to drop their prices.
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).
That is a really specific, the thing with trading is it all depends on your way of trading and how good are you, if you have past experience and you were able to make some profit you probably wouldn't ask this question, but since you are still a beginner and you want to get into day trading that you should just focus on learning and trying strategies and making most of your time collecting as much info as you can before going in and using you money, and you should also set low expectations and start of by hitting smaller goals and smaller profit points. 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 knowledge and extensive training in trading can do big miracles. The trading market is big pond with so much money in it that it can fill up your pockets like forever! It can literally feed everyone who is able to take from the market with strategies.
As mk4 stated, even 100 bucks is enough to make such high profits but you need to follow above statement and apply it to your trading methods. The market is very very risky but as they say with the risks comes huge margins! So hope to see your next post where you are telling us your success story.
I do not think that there are too many people who can turn 100 dollars into 5000 dollars too many times in a row, you can do it maybe once or twice but I do not think that there is any person in the world who can do that for a year for example, even during the bull run because eventually a drop will hit you and you will lose it all.As mk4 stated, even 100 bucks is enough to make such high profits but you need to follow above statement and apply it to your trading methods. The market is very very risky but as they say with the risks comes huge margins! So hope to see your next post where you are telling us your success story.
The point here is that dude has 15k and making 5k each month with that means that there is a very low room available to actually increase your portfolio, and the secret lies within that. Could you make 5k? Yes, there is a chance you can but then you take that out and you are left with 15k once again and trying with that again.
Instead of that, if you could end up putting that back in and have 20k and repeat that constantly, then you could have 100k+ in a year, and that's going to be a lot easier to have 5k per month income from it if you could grind it for just one year and actually succeed, rest is easy.
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 $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).
It always depend on how you do trading to get that profit. 15k$ is big amount of capital so there is a great possibility that you can earn 5000$ net a month, the bigger the capital the bigger the profit, but you still have to minimize the capital and always used the amount that will not affect you're concentration if ever you loss on it. 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).
it all depends on them and if they trade well it is not impossible the profit will come,
apart from that all that must be remembered is that the risk will continue to exist and the more capital we use, we must be really careful in trading
*huge capital
*longer time spend in trading
*knowledge and skill
These all things were it helps to make it possible.
I think that OP had already and it was totally dependent on him of what he gonna do with that amount. If he is too careless, instead of achieving his goal to get $5000 per month, might he lose it all? Many traders had been into that situation and OP must have to focus on the plan otherwise, he can be one of those you feel disappointed.
*longer time spend in trading
*knowledge and skill
These all things were it helps to make it possible.
I think that OP had already and it was totally dependent on him of what he gonna do with that amount. If he is too careless, instead of achieving his goal to get $5000 per month, might he lose it all? Many traders had been into that situation and OP must have to focus on the plan otherwise, he can be one of those you feel disappointed.
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 $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).
I think you have enough fund for trading .I am not sure that how much you can earn it can be 5000$ or more but you have to be a good trader first .I have seen a lots of professional trader who are earning more without having a huge amount of capital like you have .I think you will not need such a huge fund if you are become a expert trader .I think you need to know the market behave and need to learn the pattern as well how its act to the market and put less money on initially .That will helps you to have a good idea on it and gradually you will be a good trader and can earn your expected amount . 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).
$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.
Yes, the knowledge and extensive training in trading can do big miracles. The trading market is big pond with so much money in it that it can fill up your pockets like forever! It can literally feed everyone who is able to take from the market with strategies.
As mk4 stated, even 100 bucks is enough to make such high profits but you need to follow above statement and apply it to your trading methods. The market is very very risky but as they say with the risks comes huge margins! So hope to see your next post where you are telling us your success story.
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