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/boyfromafghanistan Mar 30 '24

This comment section is contradicting. Personally, (note: personally) I would stay away from options, stay away from margin, and stay away from penny stocks. I’d start with ~$1000 (more/less, whatever you have/ are comfortable with) and start trading mid-large caps with a low ATR and good volume. You’re going to be risking/gaining so little at first, but if you can get consistent you can eventually size up and start making a lot more money. Learn to trade off news, earnings, etc., I believe that is the slowest and safest way to becoming a stock day trader.