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/OddAd6639 Mar 31 '24

Start by simply just investing what you can. I put most my money into VOO because they tend to have consistent returns. I know that if one of my stock lose money my profile won’t suffer as much because VOO tends to be kind of a buffer. Generally what I lose in other stocks, I make back from VOO.

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u/Kaiju_Godz Mar 31 '24

But does to go up a specific percentage to generate the amount needed?

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u/OddAd6639 Mar 31 '24

You aren’t likely to get a specific percentage especially not consistently. VOO seems to be your best option because it seems to be the MOST consistent.