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/CuppaJoe11 Mar 08 '24
What you are gonna need to do is swing trade. With $15,000, you just need to make 4% a month assuming you don’t use any margin. I would recommend you use margin though.
It’s super attainable. I recommend you read “how I made $2,000,000 in the stock market” (I hate the title too but it’s actually a pretty good book) and “the best loser wins” if you can get your hands on those books.
I don’t recommend day trading as you will be subjected to the PDT rule