Is it possible to make $5,000 a month day trading? - page 9.

Desmong

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Quote from: 9thsky on August 22, 2021, 04:55:33 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 is very possible to use $15k to trade and make $5k each month because the capital is high inducing more profits to be earned. Please if you would like to save yourself from the trauma of making profits and in a short time losing the money back to the market again, I would advice you to trade the spot market which the possibility of making losing is rear and without leverage.

Please don't ever use leverage to trade if you know that you don't know how to leverage trade. A lot had leverage in trading and ended up losing all there funds because of the rate in which they leveraged. Spot market is just buying and selling of coins I the market and it has no leverage. What you have is what you will buy and sell which is the best form of trading if you are avoiding irrational loses.

TheListener

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Yes it's possible but is this not easy to make 5000$ in month because it's depend on knowledge skills how much you have knowledge about trading and you have a good invest to earn a big amount .

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Quote from: palle11 on August 22, 2021, 08:08:13 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.

The issue is to do the right kind of trade decision. Hodling and trading at the right time is a good way to good profit.

If you compare it with other coins, then bitcoin is not as volatile as other coins) I will give a better example: if OP had bought Solana a month ago, he would have increased his deposit by 4 times. I will note that the price of BTC has increased by 80% during the same time. But such a profit is obtained only on paper, because it is actually very difficult to buy a coin at a low price and sell it high.

lienfaye

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Its possible but expect that it wont be easy. It takes knowledge, skills plan and strategy in order to achieve your target profit in a month.

Some experience trader were able to profit huge even with a small capital because they are knowledgeable on what they do, so the success will depend on you alone.

Currently the market is turning bullish, a chance to take advantage but careful on what coins you're going to trade especially on altcoins because its quite risky compared to bitcoin.

Pasa32

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I think you must follow the steps then only you can earn it as east as you want, but first of all you have to give much time of your day to trading and next one is that you should analyze the coins, getting news about them on internet, going and searching in their twitter id's etc , will give you more information and i hope you will earn more than $5,000 in a month.

jossiel

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Quote from: 24Kt on August 23, 2021, 12:53:34 AM

This is a very sound piece of advice. If you can't make a smaller amount into something significant of value, then, you still need to gain experience how to work with small funds first. Because going to bigger funds at the beginning of you trading will incur you big losses as well. What the OP was asking is very possible. Actually, his initial capital is already big. But that depends on his trading skills if he can turn that initial capital with high profits.

It is true.

That you don't have to go wholly with larger amounts if you can't do with the little you have. But if someone who's willing to put and start with a high amount.

You only need to make sure one thing, that you can afford that to lose.

Pamadar

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Quote from: Xinarae* on August 22, 2021, 11:04:34 PM

With a good knowledge of trading it is possible to trade for 5,000 a month by day trading. The market for trading is a place of perseverance discipline and consistent effort people who come to trade overnight for a change of fortune probably fail big time many trades fail intraday trading due to lack of proper trading strategy and not following the strategies. If you are really enthusiastic and don't just sit down as a hobby and start planning to trade by accumulating real knowledge and have a plan to stay in the market for a long time then you can easily make a profit.

Very possible if you focus and take time gaining knowledge first before taking your steps into this business.

Many of those who failed are the people who think that this venue is easy and they can just do it without studying. Day trading is more risky a natural trading, as volatility will harm your trading position if you don't understand how the market works. Keep in mind that quick change from the market will affect every position that you have in your daily trade.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: 9thsky on August 22, 2021, 04:55:33 AM

2) Daytrading full time.

Provided you have prior experience in stock market day trading and you understand the risks, you will first have to develop your own bot to run 24x7 because you will not be able to stay awake.

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

A bit on the illogical side, because a side earning is always a good backhaul.

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*4) Starting with $15,000.

You can start with any capital you want. Following this you would have to add in more capital from time to time because the average return from trading will not be enough to fund the capital much.

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5) Trading all crypto (not just btc).

If you are day trading you will be dealing mostly in shitcoins so that goes without saying.

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* 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 wrong mentality again. The minimum amount does not determine what you will profit. What and when are the questions that answer this questions.

It is defenitely possible to make a lot and lose a lot by trading. My suggestion is always BTC for the long term but if you have found something more useful by all means go for it and do let us know after a few months because I have seen a lot of traders just ghosting after starting day trading.

24Kt

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Quote from: adaseb on August 22, 2021, 10:49:39 PM

Your starting capital doesn't really matter that much. Most think it does and maybe the capital is more geared towards living expenses and food while you trade. However whether you start with $1000 in your balance or $10000, most likely your outcome will still be the same. If you don't know what you are doing you are going to lose that $1000 or $10000.

Plus these days most future platforms allow up to 100x leverage. So you can easily use 10x leverage with your $1000 and trade up to $10000 in sizes, the leverage is big but not that big where a 1 minute candle can liquidate you.

However you will see that its VERY difficult to stay profitable in this business. My advice start with $100 and if you manage to turn it into $1000 then perhaps trading might be for you. If not then start with another $100 and see if it works the second time. Trading is not easy as it seems.

This is a very sound piece of advice. If you can't make a smaller amount into something significant of value, then, you still need to gain experience how to work with small funds first. Because going to bigger funds at the beginning of you trading will incur you big losses as well. What the OP was asking is very possible. Actually, his initial capital is already big. But that depends on his trading skills if he can turn that initial capital with high profits.

Xinarae*

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With a good knowledge of trading it is possible to trade for 5,000 a month by day trading. The market for trading is a place of perseverance discipline and consistent effort people who come to trade overnight for a change of fortune probably fail big time many trades fail intraday trading due to lack of proper trading strategy and not following the strategies. If you are really enthusiastic and don't just sit down as a hobby and start planning to trade by accumulating real knowledge and have a plan to stay in the market for a long time then you can easily make a profit.

adaseb

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Your starting capital doesn't really matter that much. Most think it does and maybe the capital is more geared towards living expenses and food while you trade. However whether you start with $1000 in your balance or $10000, most likely your outcome will still be the same. If you don't know what you are doing you are going to lose that $1000 or $10000.

Plus these days most future platforms allow up to 100x leverage. So you can easily use 10x leverage with your $1000 and trade up to $10000 in sizes, the leverage is big but not that big where a 1 minute candle can liquidate you.

However you will see that its VERY difficult to stay profitable in this business. My advice start with $100 and if you manage to turn it into $1000 then perhaps trading might be for you. If not then start with another $100 and see if it works the second time. Trading is not easy as it seems.

gabbie2010

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Earning a profit of $5000 with a trading capital of $15000 with crypto pairs that are highly volatile is very feasible based on having all the necessary trading skills and knowledge, you must also have a working trading strategy NOTE no perfect one, it's only money management that will ensure making a profit and you must be well disciplined, you may not necessarily trade with a high leverage, just adopt cross margin trading where you auto borrow your capital to 3X for trading. these will minimize the risk of trading with a high leverage,
Trading with cross margin and making profits thrice in week will amount to more than $5K monthly, above all it is based on your level of skills and experience in order to earn your targeted monthly profits.

Wexnident

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Definitely possible, the only issue with the amount of money you can earn from trading is how good you are with trading. I'd reckon trading in Bitcoin/ETH or any other top altcoin when the market is at a steady move would make earning a bit longer, but if we were in a pump, then it would be much easier, not saying that it's the only method you can use though, there's also leveraging after all. Other methods include investing in some small coins that you expect to make a big move or have a big pump in the next upcoming weeks, though as I said, the only issue here is how good you are with identifying them.

awik p

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I think it's very possible to earn $5k within a month. because when the market is bullish then the opportunity is very open and you can even get a bigger profit than you targeted, but to be able to regularly earn that much profit every month, I think it takes good experience, and of course it's still possible, because your target is 30% in a month

ethereumhunter

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Quote from: Ziskinberg on August 22, 2021, 06:14:15 PM

Quote from: ethereumhunter on August 22, 2021, 05:37:51 PM

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.

That is why it works, I mean, if you are good at trading $5k is just a small profit to get from $15k capital as stated by OP. But have also to consider with the market situation as we can't assure everything will do a favor with us and got lucky, it possible also to lose and not able to reach the target. It might also happen that you can just get a few bucks this month but it could recover in the next round.

I could say that it was hard to have a monthly target as this might pressure you which might be a reason to wrong decision-making. if that to happen, we surely ended up with nothing and lose all the capital we have.

I am sure with good trading skills, he can handle every situation that happens in the market and he can analyze to find the coin to trade. But yes, we can not deny that sometimes we can get lost but with our skills, we can recover the loss and make another profit.

To achieve that in a month, he really need to hard work by analyzing every potential coin at the market and trying to make every profit he can while the market moves still good enough to make a profit. But it needs consistency to analyze every day and that is not easy to stay focus to find the coin.

layoutph

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$5k a month from an initial $500usd is easy for very experienced traders especially when the market is bullish. They will simply put leverage from the base money and let the bullish market go up and make a profit. But let me warn you, margin trading and futures can also make your 5k liquidated.

Sweetbtc

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Its possible witg 15000$. Not big goal. I am getting 1000$ monthly by investing just 2600$. Try to trade low cap coins and buy on dip. You can maximize your earnings.

harapan

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Earning $5,000 per month is possible only when you know what you do, it's not just about having huge capital to start trading, if you are good at trading you can turn a $100 account into a few thousands of dollars, huge capital is still needed though in order to gain good amount of profits from trades, don't just focus on having a huge capital to start trading focus on being a consistent winner when trading you can start with $500,000 capital but without proper knowledge you will end up with losses.

Slow death

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Quote from: 9thsky on August 22, 2021, 04:55:33 AM

5) Trading all crypto (not just btc).

if you trade with altcoins then you will lose money easily, for day trade just use bitcoin

Quote from: 9thsky on August 22, 2021, 04:55:33 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).

It is possible even doing normal trading, but you will be forced to spend many hours on the computer looking at the charts and as I told you just use bitcoin on the pair BTC - USDT, that it will be possible to have this profit, you can try trading with small amounts to see the profits of each day with each fluctuation and then you will see that I am sure that with that value you can make the profit you want

Ziskinberg

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Quote from: ethereumhunter on August 22, 2021, 05:37:51 PM

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.

That is why it works, I mean, if you are good at trading $5k is just a small profit to get from $15k capital as stated by OP. But have also to consider with the market situation as we can't assure everything will do a favor with us and got lucky, it possible also to lose and not able to reach the target. It might also happen that you can just get a few bucks this month but it could recover in the next round.

I could say that it was hard to have a monthly target as this might pressure you which might be a reason to wrong decision-making. if that to happen, we surely ended up with nothing and lose all the capital we have.

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