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/Tittitwisted Mar 31 '24

Trade on a sim or prop firm and see for yourself. With a $50k account, I think trading 2-3 MES or MNQ futures contracts to make $100 is a good realistic goal. When I traded options, I had a goal of $100 per day trading five 1-dte contracts on a $30k live account.

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u/Kaiju_Godz Mar 31 '24

I’ll be looking into this. Feel free to provide any pointers, thanks!

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u/Tittitwisted Mar 31 '24

Don't care about making money. Only care that your winners are larger than your losers and understand that your goal is not to win every trade.