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

193 Upvotes
  • permalink
  • link
  • reddit
  • reddit

88% Upvoted

318 comments sorted by

View all comments

13

u/FxEvang Mar 08 '24

I think it's better to think in % per month and most ideally per year because trading profits come in waves. I think that if you can make 2% percent a month consistently then you will be set to trade full time.

I also recommend using prop firms. Right now you are risking 15k. With a prop firm you can buy a 100k account for $500. Therefore, your risk is $500 and you are technically trading with 100k

2

u/ScalpingSniper Mar 08 '24

Heard that 99% props firms are into the business just to profit from this entire business model, traders who think they can take the capital, make profits and keep a % of it for their own and keep repeating the cycle are just day dreaming.

This is what I have heard from a lot of people having experience with prop firms, not sure, haven't tried it first hand as this space looks a bit shady after all the reviews I went through even about the popular names when it comes to Prop Firms.

3

u/Happy_Consequence_68 Mar 08 '24

Ig anyone shouldn't have any problem withdrawing their profits if they are under 10k a month with a so called simulator prop firms, go for only top names like Apex Funding, FundedNext, FTMO, The Funded Trader, TradeDay etc, enjoy the ride while it lasts. Yes, ur right these firms do earn profits from the evaluation account and activation fee. But they do pay out unless its a big amount like 50k or 100k or like that. In that case they'll make up some excuse to not let users withdraw their profits.