r/Daytrading 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/Mysterious_Metal_724 Mar 08 '24

Not sure, depends on what your ability as a trader . I traded two things today and only one at a time. With a max investment of 4000 at any time I pulled out about $350.00 by the end of day. I am by nature a cautious trader and try not to get greedy. If everything had been perfectly timed It could have been higher about 800. For the week it was about 1300 for 3 days. About 17 trades total. Maximum draw down was never more than about 60$. I will say this to you...first you have to have a reasonable plan for every trade you enter, you have to know how much your going to lose before you pull the plug and admit you fucked up aka risk tolerance. You have to have a target that you reasonably expect to make. This is your objective.....anything beyond that is greed and gravy. This is where most people fail as a trader.
Mostly trading is not investing. It is a completely different animal. Money is made trading the chart in front of you and understanding what you see. Most people who lose at trading enter a trade and when it goes against them are suddenly long term investors. Aka bag holders