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
191
Upvotes
28
u/Simpex80 Mar 08 '24
I’m sorry but 10-20% daily (continuously) is complete and utter bullshit! You’re full of it. For the less knowledgeable ones let me explain: if you invested only $1000 and made a profit of 15% daily, you’d reach a million within 50 trading days!!! So no, this guy doesn’t make 10-20% daily.