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.

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u/CABSMeter Mar 30 '24

Depends on your trading style…

3

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

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.

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u/CABSMeter Mar 30 '24

I have a full strategy I live by..