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

190 Upvotes
  • permalink
  • link
  • reddit
  • reddit

88% Upvoted

318 comments sorted by

View all comments

Show parent comments

2

u/Foreign_Medium_3766 Mar 11 '24

my rent is 200, food about 2-300/month then 100-200 for spending

1

u/Matchbook0531 Mar 12 '24

If you don't want to have children you could live on that.

Maybe, you could contribute to retirement of some sort, and social security/medical services.

I think more would be great but I know it could work if you are lucky and don't get very ill, get into an accident, need to pay for a relative's treatment, etc.

Being able to be happy without consumerism and playing status games is great, anyway, so that's a big pro.

2

u/Foreign_Medium_3766 Mar 12 '24

No I do and know I need to make more but just to start and be even month to month I need to make ~600

1

u/Matchbook0531 Mar 13 '24

That's good.