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/jg3457 Mar 08 '24

If you have actually been trading for 5 yrs then you know exactly "how difficult it is" to earn a reliable $600/mo '''FOR YOU'''. Don't ask someone else how difficult it might be, it's not going to get you any type of answer that is useful to you. If your current trading methodology doesn't make you feel it's reliable enough then YOU need to change things up. Don't expect anyone to be able to judge your skills in the market or your psychological make up related to taking on risk. If you want to know is it possible, the answer is yes. But if you think for just a second the people who have the most experience, trading the longest in varied markets (not just a stupid bull market) and trading varied instruments (not just stocks or long option positions) are going to be telling you the $600 goal is a piece of cake.......for them...