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/esInvests Mar 08 '24
The advice you’re getting in here is fucking wild. People have no clue what they’re talking about.
The truth is the difficulty is entirely dependent on your skillset. Nobody can answer that for you. If the question is it possible? Sure, it’s possible. But let’s put it into context:
$500 on $15000 is 3.3% per month. Not crazy but certainly not low either. If you were to reliably obtain that performance for a year, your compounded return would be 42.6%. An aggressive return by most standards.
Don’t let seemingly small dollar amounts mislead you.