Is it possible to make $5,000 a month day trading? - page 7.

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Quote from: faithupgrade on September 01, 2021, 03:39:40 AM

Yes, it is possible to get that 33% ($5k) , 33% is a little bit risky but must do it carefully and precisely or else you might lose money. If you want fast money then trade with futures. If you less risk, then trade it on spot.

You can also get a larger profit, which will be calculated in hundreds of percent per month. But in this case, everything will depend on the correctness of your investment and a little more on luck. If we pay attention to the market, then we will see that Solana has shown growth over the past month by 6 times. And if OP invested all his funds in SOL, then in a month his 15 thousand dollars would turn into 90 thousand.

MiF

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

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.

faithupgrade

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Yes, it is possible to get that 33% ($5k) , 33% is a little bit risky but must do it carefully and precisely or else you might lose money. If you want fast money then trade with futures. If you less risk, then trade it on spot.

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

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).

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Quote from: Yatsan on August 31, 2021, 04:54:16 PM

With a starting capital of $15,000 surely you can make $5,000 profit through day trading in a month and you can earn more than that depending on your capacity and skills you have in trading. The amount you can earn depends duly on your own self because if you are bad at it, then the possibility could turn things the other way around. So be mindful before engaging on such, you must be knowledgeable enough on managing your assets and funds to somehow assure your earnings by the end of the month.

Hey bro you suggest some coins based on your skills, if you consider me in trading around an year I was out of cryptos very slight active on all cryptos stuffs. If you share best coins list based on your analysis. It would be helpful...
Share some forecast also like Elon. Haha

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Quote from: bandungan on August 26, 2021, 12:52:37 AM

any amount can be obtained but it can only be done by professionals with large capital, skills and knowledge. profit $ 5000 in my opinion is very large especially you target within 1 month. it's very fast means you have to get at least 50%-70% profit every day. try to do it and if it works you can share it here for learning together

but op uses $15k in capital, so I think a profit of $5k in 1 month is very possible, because it means a month profit of 30% of capital. especially in a bull market, it will be easier to make a profit, it doesn't even take 1 month to reach the target. Of course, to achieve all of that requires good knowledge in trading on the crypto market

30% is something attainable on this market if you do just know on playing with the volatility even not just depending on price swings or increase then you could really still able to reach out that target on just simply trying to get 3-5% gain on a single day but this would only fit out to those short traders or active ones but it isnt bad if you do go for swings because not all would really be that enough skillful to deal with volatility on active manner.
Profitability will really be varying on your capability and this is where people do differ to each other and this simply means that you wont know if it does work unless you do try.

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Quote from: Yatsan on August 31, 2021, 04:54:16 PM

With a starting capital of $15,000 surely you can make $5,000 profit through day trading in a month and you can earn more than that depending on your capacity and skills you have in trading. The amount you can earn depends duly on your own self because if you are bad at it, then the possibility could turn things the other way around. So be mindful before engaging on such, you must be knowledgeable enough on managing your assets and funds to somehow assure your earnings by the end of the month.

Well, I think it still needs knowledge and skills and this possible profit that you would be an earning will matter on this way. Perhaps it really depends on your skills, the large amount of capital is useless if you don't have an idea on how to start trading. Trading is a very risky and crucial activity that is possible in just a matter of a day, your large capital will easily wipe out in your wrong move in trading. So therefore, there is no guarantee that there is a good return in trading if you dont have skills.

Yatsan

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With a starting capital of $15,000 surely you can make $5,000 profit through day trading in a month and you can earn more than that depending on your capacity and skills you have in trading. The amount you can earn depends duly on your own self because if you are bad at it, then the possibility could turn things the other way around. So be mindful before engaging on such, you must be knowledgeable enough on managing your assets and funds to somehow assure your earnings by the end of the month.

zahed

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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.

zanezane

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Depends, if you mean that early in your career then it's impossible but if you're really good at trading and you have a sizable capital then probably a 5k monthly is a possibility, you might even be able to surpass that number if you're really good in a sense of the word.

Dread Pirate Roberts

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

With the following criteria...
*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).

from the criteria you provide and the reality in the market that is currently happening, it is very possible. what else you are ok in altcoin too. the obstacle is that we know there must be a greater risk in altcoins, now it's just a matter of how you determine your trading style and how to analyze the market you do.
This is the challenge and has always faces for many trader . even for people with high experience in trading or reading chart are also still facing this.

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Quote from: Pasa32 on August 26, 2021, 01:34:24 PM

I don't even thing the criteria you provided for your worth of earning $5,000 would be difficult as much because , the more you invested in day trading the more you will get the profit, even the same situation will be applicable in long term coins too, but here i preferred for the amount you decided that day trading would be best.

Surely it's not easy to make $5k every month with just $15k investment. Not impossible but surely not easy either because the price does not always go up and daytrading is most profitable when market is bullish.

My small advice to OP would be, start trading and see how much you can make and don't be too upset if the profits are small because crypto trading is not a get rich quick kind of scheme. Crypto trading is just a more dynamic and volatile version of the stocks market so trade carefully and don't aim for too much profit from the first month itself.

I would even say that burn the first month just for learning and gain experience about daytrading.

Pasa32

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I don't even thing the criteria you provided for your worth of earning $5,000 would be difficult as much because , the more you invested in day trading the more you will get the profit, even the same situation will be applicable in long term coins too, but here i preferred for the amount you decided that day trading would be best.

Mkmanik

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Yeah, It's possible. You can also earn more, and you also can be REKT. Trading is not for all. There is a huge risk, If you are good in Technical analysis, Risk management, control of your emotion it's good for trade. Before doing trade you need to learn that things. In trade 90%+ people lost their money, Only 10% can able to gain profit form trade. You need to follow risk management highly, Without it, you can't able to survive trading. In the crypto trade surviving is the main fact, Because most people can't be able to survive here.

I suggest you do a Demo trade first. If you feel that you are good at trading, then go for real trade. Also at real trade don't go for Leverage trade firstly, It would kill your fund. First, try to do a long-term trade with a spot account. If you are good in TA, you can also earn huge money from spot trade. There are a lot of coins that regularly pump and dump 50% or more. So there is no alternative of learning, Only proper skill can help you here.

bandungan

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any amount can be obtained but it can only be done by professionals with large capital, skills and knowledge. profit $ 5000 in my opinion is very large especially you target within 1 month. it's very fast means you have to get at least 50%-70% profit every day. try to do it and if it works you can share it here for learning together

celot

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

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).

Nothing is impossible my friend in the crypto world. It's just that the profits are definitely in line with the initial investment capital. Because in trading we are not lucky every day. Sometimes suffer losses. And it has become a twist of risk that must be accepted by all traders.

imstillthebest

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i think it was possible if you get lucky that the coins you trade perform well .
yeah i know trading isnt only based mostly in luck but there is the volatility of cryptos that we cant totally control . you may still earn though but you cant expect to hit your target all the time but to make your target more possible , you can run multiple income streams .
do investing too or other profitable business using the starting capital that supposed to be allocated only for trading because that seems a lot .

Marvell1

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5000$ is about 30% of 15000$ of initial capital. This is entirely possible but it depends on you. In addition to knowledge and skills, you need a good management plan and strategy. Opposite, If you don't have the knowledge and strategy of your capital management, but using that money to make trades from team signals, it's very risky, can make you lose everything.

Sweetbtc

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Recently i tried to maximize my earning. I started with 1$ and usually i invested on these coins which some big news come like mainnet launch,Nft market place launch,Game launch etc. Now my portfolio is more than 3000$.
I believe if you trade these 5000$ with best strategy you can easy make 15000$ per month.

Hippocrypto

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

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).

This is the hardest part, we can't do an accurate math here because generating a profit in trading doesn't have an accurate value. As the unpredictable market took many times to fluctuate, our gains also suffered a lot.
Maybe for those traders with huge buffer capital they'll going to earn that amount of $5k a month but for those who just trade with little capital that can't afford to lose, I guess $100 is fine.

Fatunad

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

* 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 we do talk about $15k capital and tending to make 5k a month then i could say that its very attainable but would really be depending on how you would really able to handle yourself in active trading.
This is something that where most people do fail on because dealing with volatile market on active manner isnt simply as it sounds.Yes, it is really giving that chance on higher profits but the risk
is more higher compared when you do make swing or long term trades.So the answer of this question is really be depending on someones capability towards trading
which most people do really differs on.

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