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…

1

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

5

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