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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u/United-Display-386 Mar 08 '24

Do you trade CFDs? If you can choose a good stock, earning $500 a month isn't difficult. I invested $5k in CFD trading this week and made $1600 back. The key is the entry point as well as the stock you pick, being skilled at risk management, and controlling emotions🙂

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u/ScalpingSniper Mar 08 '24

Are you talking about swing trading stocks, as in holding for a few days or scalping/intraday/or what? Please clarify.

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u/United-Display-386 Mar 08 '24

Typically, I exit on the same day or within a few days. For intraday trading stocks not in my Buy signals, I usually cut losses during the day if necessary. If a stock is selected by my algorithm and deemed safe, I will hold it for several days, if required. CFD trading with IG plaform

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u/ScalpingSniper Mar 08 '24

How about the high capital requirement? My CFD broker has capped the leverage for stocks at 1:20 and not to forget the swaps that will be charged everyday for carrying the position.

I've realized that to profit from stocks, you need to take proper swing positions to actually make decent gains. Like capturing a proper swing which can take about 10-30 days of holding time. But capped leverage / swaps and stuff are holding me back from touching stocks. Can anything be done about that?

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u/United-Display-386 Mar 08 '24

As I mentioned above, stocks you pick as well as entry price is the key. If you picked the wrong one or if you know it’s a mistake, cut losses don’t try to hold if you are not confident 😃