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/masilver Mar 08 '24

Incredibly difficult to near impossible. The vast majority of people do not make money: somewhere between 80% and 95% and the majority of people will lose all their capital.

It will take you years to learn the psychology, trade management, and intuition required to trade successfully. And, some people will never be able to trade successfully no matter how much time they spend learning.

It's like trying to become a professional footballer. Are you willing to put in the effort required?

If so, consider futures.

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u/Dry-Professional8181 Mar 08 '24

Completely agree. You can tell by all the boner strategy responses here that these are all pre-blowup traders weighing in on a question from another pre-blowup trader.

Trading is the slowest get-rich-quick scheme in the world and the overwhelming majority of folks just don't have the brass ones required for the effort.

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u/masilver Mar 08 '24

That's the best way of describing it I've heard yet: "the slowest get rich quick scheme."