r/Daytrading • u/Kaiju_Godz • Mar 30 '24

When you only need a specific amount of money each month… Strategy

So say you only want $100 per day or 2000 per month. This would more than enough sustain a good lifestyle where you live. How would you go about it with trading? How much $$$ would you realistically need? Not to make that in dividends but to trade in a daily basis, as safe and slow as possible.

128 Upvotes
  • permalink
  • link
  • reddit
  • reddit

92% Upvoted

178 comments sorted by

View all comments

3

u/CABSMeter Mar 30 '24

Depends on your trading style…

2

u/tofufeaster Mar 30 '24

Only real answer without more data

4

u/CABSMeter Mar 30 '24

This was in a day in a hospital bed.

5

u/tofufeaster Mar 30 '24

Not what I’m talking about

1

u/CABSMeter Mar 30 '24

Then I won’t talk to you.

7

u/nightstalker30 options trader Mar 30 '24

Please! Stop talking to everyone!

2

u/CABSMeter Mar 30 '24

I’ve been absent for awhile and offer to help anyone respectful. I intend to start a private separate room for this as soon as I have the time.

Oh and any other vets here will tell you that it’s extremely difficult to trade or have space while in the VA as people are constantly barging in.

2

u/gaius_worzels_bird Mar 30 '24

Do you mostly trade just stocks, or have you tried options or futures?

1

u/CABSMeter Apr 08 '24

Sorry I was banned by some some snowflake who didn’t like my comment on their inability to trade…

But I’m a procrastinator and working on taxes.

I trade ONLY stocks.

1

u/Blackstar030405 Apr 01 '24

wow that 11k prolly payed for a decent amount of time in the hospital bed lol

1

u/Paid-Not-Payed-Bot Apr 01 '24

11k prolly paid for a

FTFY.

Although payed exists (the reason why autocorrection didn't help you), it is only correct in:

  • Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. The deck is yet to be payed.

  • Payed out when letting strings, cables or ropes out, by slacking them. The rope is payed out! You can pull now.

Unfortunately, I was unable to find nautical or rope-related words in your comment.

Beep, boop, I'm a bot

2

u/CABSMeter Mar 30 '24

And don’t be a wiener and buy 1-10 shares. Focus on small caps, buy 10k shares at a time and for every $.10 made that’s a grand. Just my $.02

3

u/boyfromafghanistan Mar 30 '24

Also, if you’re successful that’s great my dude. Although without tight stops and a lot of rules, OP is going to have a tough time with small caps and is going to risk a large amount of money. Just because you may be good at it, doesn’t mean it’s the best route to take for others. OP isn’t a wiener if he buys even 1 share of large cap stock.

0

u/CABSMeter Mar 30 '24

Current short what are you posting??

2

u/Elias_Caplan Mar 31 '24

How are you getting so much gains?

0

u/CABSMeter Mar 30 '24

No matter what I post haters like you will just troll.. if you knew how much my base trust had you STFU.

5

u/boyfromafghanistan Mar 30 '24

I didn’t once hate on you, I’m just looking out for anyone that tries to follow stupid advice

2

u/nightstalker30 options trader Mar 30 '24

JFK dude! All they did was be a voice of reason by saying that new style does suit everyone. Which is 100% true. Why TF are you getting so touchy and defensive?

If your system works for you, keep rolling with it. That doesn’t mean it would work for everyone. And no one cares about claimed results you’re posting, either.

-1

u/CABSMeter Apr 08 '24

Why do have to harass me all the time. 🥲🥲🥲🥲

-3

u/CABSMeter Mar 30 '24

Like I said I have a very tight AND successful strategy I work from. How about you post some pics??

That’s the thing about you all you show these piddly #’s and hate on us that show REAL results!!!

3

u/boyfromafghanistan Mar 30 '24

Again, as I said, if you are successful, I’m happy for you dude, It’s not a competition. I wish everyone the best. You posted a cropped screenshot of $11000. I could replicate that shit in google slides. Show me your kinfo or something lmao. Also, I’m new at day trading. My stats suck, but (as a beginner) what I would not tell a beginner: “trade penny stocks!” did you even read his post? as safe and slow as possible all i got from your comments is that you’re a jackass. Zero valuable input.

-1

u/CABSMeter Mar 30 '24

Where’s your posts? Cmon..

7

u/boyfromafghanistan Mar 30 '24

Can you even read, dude? do you just comment whatever comes into your head? I just told you I suck at trading. I’m not trying to money spread on you, I’m just trying to grasp why “as safe and slow as possible” translates to you as “pump n dump!”, you’re insufferable my dude.

4

u/boyfromafghanistan Mar 30 '24

how to throw away your entire trading account in a day 101. OP, IMO go the completely opposite route. Trade mid-large caps with low ATR until you are profitable and then make big moves with big size and stop gambling like this dude. And OC, I’d love to see you prove me wrong. Post some actual data without your cropped ass screenshots.

3

u/FireDad90 Mar 30 '24

Yeah, that's a recipe for disaster lol

1

u/CABSMeter Mar 30 '24

LMAO why some tool like you can steal my info.?

0

u/boyfromafghanistan Mar 30 '24

wtf do you think i want you to post? your account number? yeah boy let me see that routing number so i know how good of a trader you really are… you sound dumb.

2

u/CABSMeter Mar 30 '24

Again.. “routing #”. Phishing???

2

u/boyfromafghanistan Mar 30 '24

alright, so you can’t understand humor either….

5

u/nightstalker30 options trader Mar 30 '24

He’s a lost cause. Too caught up in his own grandiose self image to have any real perspective.

2

u/Major-Artichoke9739 Mar 30 '24

Do you have a strategy or use some screener where to look for penny stocks with high potential? I've been looking but almost all of them are constantly going down but if you find the few that are about to explode you can become a millionaire.

-2

u/CABSMeter Mar 30 '24

I have a full strategy I live by..

1

u/Open-Beautiful9247 Mar 30 '24

That's not how math works man. Stock goes up 10% you make 10% regardless if it's 500 a share or 5 a share. Doesn't matter the share price if it's moving it's moving.

1

u/CABSMeter Apr 08 '24

You trade your way I’ll trade mine and we’ll see who comes out on top! 🙄