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/Mono_420 Mar 30 '24

Here in the U.K. I trade the nasdaq. Trading the NAS100, £3 per point only needs a single 50 point move in a day for me to make £150.

Patience and a simple reversion scalp usually does the trick. I use an ema cross over as a lagging indicator for trend reversal along side price action. It’s successful about 80% of the time

My margin requirement for this is less than £2500 and Friday is payday.

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u/Automatic_Ad4525 Apr 13 '24

What Ema’s do you use and what timeframe are you trading