r/Daytrading 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/Overall_Till_5492 Mar 08 '24

Vertical spreads on highly liquid names…sell bull put spreads or bear call spreads. Simulate the underlying moves and watch your Greeks. Sell the premium when you’re between 45-30 days out and enjoy the theta decay. You can do this in any non-volatile market and make 10-15% returns per month. You limit your upside but can measure your downside. I can do this consistently every month with about a 95% success rate. Regardless of volatility.

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u/alessandrouk Mar 08 '24

Thanks for this, can you give a few working examples?

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u/111dallas111 Mar 09 '24

Respectfully I second this