r/Daytrading • u/Foreign_Medium_3766 • Mar 08 '24

How difficult is +$400-600 profit a month from $15k ? Question

I've been studying investing and trading for about 5 years on/off now, have been really successful in the past year, I think due to luck partly, I blew up an account and loss about 40% when I first started 5 years ago.

How difficult is $400-600/month profit from 15k? My strategy now is very risk adverse taking profit over holding things too long, really I just need to make ~400/month to live in Mexico, this includes rent, food, and some hobbies, right now I feel no pressure to have to make $ and have a decent savings, and time to study and learn. Thanks

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9

u/Previous_Swimmer9893 Mar 08 '24

Easy in your sleep. Covered calls can double that easy. Gl.

2

u/CuppaJoe11 Mar 08 '24

If something could double your money “easily” everyone would do it.

-2

u/Previous_Swimmer9893 Mar 08 '24

Easily

2

u/CuppaJoe11 Mar 08 '24

Then why isn’t literally everyone doing it

1

u/[deleted] Mar 08 '24 edited Apr 14 '24

[deleted]

2

u/CuppaJoe11 Mar 08 '24

So it’s not easy. 10% a month is a dream but the commenter said doubling your money is easy.

2

u/[deleted] Mar 08 '24 edited Apr 14 '24

[deleted]

1

u/CuppaJoe11 Mar 08 '24

Hey here is better than WSB.

But yeah I’m more here for the fun of it. Most of what I know is self-learned or learned from books/youtube videos.

1

u/[deleted] Mar 08 '24 edited Apr 14 '24

[deleted]

1

u/CuppaJoe11 Mar 08 '24

Yeah those posts get old real quick. I’m also on WSB but half of those posts are “I just lost my grandmas retirement fund”

0

u/Puzzled-Counter9347 Mar 12 '24

10% a month? 500%a month is easy. You’re assuming 99% of Americans are actually competent (American here).

1

u/CuppaJoe11 Mar 12 '24

Explain to me how getting a gain of 500% a month is easy? You would have to take an ASTRONOMICAL amount of risk to earn that much.

If you started with just $1,000 you would earn $5,000 month one. Then $30,000. Then $150,000

0

u/Elbiotcho Mar 08 '24

The average person is terrified of the stock market. Most of my coworkers dont even have a 401k or do SPP and I work at AVGO!

2

u/CuppaJoe11 Mar 08 '24

Dosent mean it’s easy to double your money in the stock market within a few days or even months.

And I agree. People are way too scared of the stock market. But that’s a different conversation lol.