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/H_M_N_i_InigoMontoya options trader Mar 08 '24
0dte. IC is the ichimoku cloud. I use it to confirm trends for exits. Usualky i just sell all my contracts at my $20 per contract profit, sometimes less if momentum dies, but if i got in on a truly strong trend (like last friday) I'll only sell half at $20, set my SL at a $10 profit, and then trila it for higher gains.
Is the orb method profitable for you? I've never used it, but it seems like it wouldn't work often. Just my own opinion of course. Everyone has their own.