Is it possible to make $5,000 a month day trading?

[Ibrahim60]

If you have enough knowledge about day trading and market then this is not impossible to make $5000 in a month by $15,000. Enough knowledge means enough knowledge. Also you need to have knowledge about crypto currency market. You can choose a very good exchange for this. You can buy leverage token. But if you don't have enough knowledge about leverage token must be avoid it. By buying potential crypto you can make profit easily.

[layoutph]

We are in the bull run and trading with 15,000usd is already a huge money. During bull run a 2x to 4x profit within a month is possible. But it is not possible with Bitcoin only, you need to find a high marketcap altcoin with huge volatility.

With the following criteria...

1) Make spendable (can't use it to trade) $5,000 usd net a month.

2) Daytrading full time.

3) No other means of income (can't sell my service).

*4) Starting with $15,000.

5) Trading all crypto (not just btc).


* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).

[topbitcoin]

With the following criteria...

1) Make spendable (can't use it to trade) $5,000 usd net a month.

2) Daytrading full time.

3) No other means of income (can't sell my service).

*4) Starting with $15,000.

5) Trading all crypto (not just btc).


* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).

Time, capital, and nothing that disrupt you, maybe if you really good at it you can get more than it. Because with less capital, if the person really good at trading he can get what you aim. $5000 from $15000 means you want to get maybe 30% profit with it a lot of people will said that it is really possible. But if you really new in trading and don't have any skills in it, you can end with losses no matter how much your capital.

[Silberman]

With the following criteria...

1) Make spendable (can't use it to trade) $5,000 usd net a month.

2) Daytrading full time.

3) No other means of income (can't sell my service).

*4) Starting with $15,000.

5) Trading all crypto (not just btc).


* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).

The fourth condition is what is really going to limit you and if you really try to make this a reality it is going to make you take unacceptable risks that will eventually make you lose money, in my opinion you need a minimum of 100k and if possible 200k to make it more realistic, now I know that a lot of people may think these numbers are too high but that is precisely the thing, when the market is going up making money will be easy and when it is not moving at all you will have a lot of problems making money, so the high capital is to act as an insurance policy that generates a lot of profits in the good months and it covers your losses you during the bad months.

[Emitdama]

The fourth condition is what is really going to limit you and if you really try to make this a reality it is going to make you take unacceptable risks that will eventually make you lose money, in my opinion you need a minimum of 100k and if possible 200k to make it more realistic, now I know that a lot of people may think these numbers are too high but that is precisely the thing, when the market is going up making money will be easy and when it is not moving at all you will have a lot of problems making money, so the high capital is to act as an insurance policy that generates a lot of profits in the good months and it covers your losses you during the bad months.

Honestly if one has to spend $200,000 to earn a bare minimum of $5000 each month, I would advise them to just hold for a year and almost guaranteed that you will at least double your money if not more. I am not saying it theoretically either, you can compare the data already available about price and surely it has more than doubled each year, with an exception of a few.

Crypto trading is all about quick profits and if you are taking too long to earn bits, then better just to hold the amount and wait for the bull run to cash in. There is no point in trading all day if you can't make money worth your efforts and time alone.

[dezoel]

So basically you have $15k capital and aiming to earn $5k every month just by day trading.

I think it's completely possible but it mostly depends on the nature of the market right now. If the market is bullish, you can easily make that much money because as a day trader, you rely on the market to go bullish. If the market is bearish or neutral, it is really hard to do much of anything but to wait out.

Remember, day trading Bitcoins is a good idea but for altcoins, maybe not so much.

[ReiMomo]

With the following criteria...

1) Make spendable (can't use it to trade) $5,000 usd net a month.

2) Daytrading full time.

3) No other means of income (can't sell my service).

*4) Starting with $15,000.

5) Trading all crypto (not just btc).


* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).

Investing $15k on different crypto coins and looking for $5k every month on day trading, yes its possible. However, you can not expect it would happen every month as market may not be as we expect always. Yes, I understand that since this would be the source of your income after you invest all you hold, but yes you need to be open enough to understand the market and analyze the coins you are investing in. Then yes, you need to be much patient enough to hold your coins. Don't get into a manupulated market. 

[jaberwock]

If you have enough knowledge about day trading and market then this is not impossible to make $5000 in a month by $15,000. Enough knowledge means enough knowledge. Also you need to have knowledge about crypto currency market. You can choose a very good exchange for this. You can buy leverage token. But if you don't have enough knowledge about leverage token must be avoid it. By buying potential crypto you can make profit easily.

I think only futures day trading might be able to generate that kind of income with such a bankroll. I don't want to sound pessimistic but 33% ROI is quite something especially for new traders in crypto. At this rate, you are essentially doubling and more your money within 3 months which I don't think sounds like a realistic and doable profit.

Maybe a 10% profit each month is realistic and achievable. If you set your targets in trading too high, you might lose everything in frustration of not achieving it. If you set small goals, you will feel empowered after achieving them which actually helps you earn more.

[ethereumhunter]

It is possible but that will depend on how good you do day trading because if you do not have good skills, you will not earn much money and will have a chance to lose that money. Day trading is not easy as you need to watch and analyze many coins, which can confuse you. But if you think you can earn the money you want, maybe you can try and see if you can do that or needs more learning about trading. Not many traders can earn much money from trading because many are greedy, chasing bigger profits.

[Ziskinberg]

It is possible but that will depend on how good you do day trading because if you do not have good skills, you will not earn much money and will have a chance to lose that money. Day trading is not easy as you need to watch and analyze many coins, which can confuse you. But if you think you can earn the money you want, maybe you can try and see if you can do that or needs more learning about trading. Not many traders can earn much money from trading because many are greedy, chasing bigger profits.

That is why it works, I mean, if you are good at trading $5k is just a small profit to get from $15k capital as stated by OP. But have also to consider with the market situation as we can't assure everything will do a favor with us and got lucky, it possible also to lose and not able to reach the target. It might also happen that you can just get a few bucks this month but it could recover in the next round.

I could say that it was hard to have a monthly target as this might pressure you which might be a reason to wrong decision-making. if that to happen, we surely ended up with nothing and lose all the capital we have.

[Slow death]

5) Trading all crypto (not just btc).

if you trade with altcoins then you will lose money easily, for day trade just use bitcoin

* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).

It is possible even doing normal trading, but you will be forced to spend many hours on the computer looking at the charts and as I told you just use bitcoin on the pair BTC - USDT, that it will be possible to have this profit, you can try trading with small amounts to see the profits of each day with each fluctuation and then you will see that I am sure that with that value you can make the profit you want

[harapan]

Earning $5,000 per month is possible only when you know what you do, it's not just about having huge capital to start trading, if you are good at trading you can turn a $100 account into a few thousands of dollars, huge capital is still needed though in order to gain good amount of profits from trades, don't just focus on having a huge capital to start trading focus on being a consistent winner when trading you can start with $500,000 capital but without proper knowledge you will end up with losses.

[Sweetbtc]

Its possible witg 15000$. Not big goal.  I am getting 1000$ monthly by investing just 2600$. Try to trade low cap coins and buy on dip. You can maximize your earnings.

[layoutph]

$5k a month from an initial $500usd is easy for very experienced traders especially when the market is bullish. They will simply put leverage from the base money and let the bullish market go up and make a profit. But let me warn you, margin trading and futures can also make your 5k liquidated.

[ethereumhunter]

It is possible but that will depend on how good you do day trading because if you do not have good skills, you will not earn much money and will have a chance to lose that money. Day trading is not easy as you need to watch and analyze many coins, which can confuse you. But if you think you can earn the money you want, maybe you can try and see if you can do that or needs more learning about trading. Not many traders can earn much money from trading because many are greedy, chasing bigger profits.

That is why it works, I mean, if you are good at trading $5k is just a small profit to get from $15k capital as stated by OP. But have also to consider with the market situation as we can't assure everything will do a favor with us and got lucky, it possible also to lose and not able to reach the target. It might also happen that you can just get a few bucks this month but it could recover in the next round.

I could say that it was hard to have a monthly target as this might pressure you which might be a reason to wrong decision-making. if that to happen, we surely ended up with nothing and lose all the capital we have.

I am sure with good trading skills, he can handle every situation that happens in the market and he can analyze to find the coin to trade. But yes, we can not deny that sometimes we can get lost but with our skills, we can recover the loss and make another profit.

To achieve that in a month, he really need to hard work by analyzing every potential coin at the market and trying to make every profit he can while the market moves still good enough to make a profit. But it needs consistency to analyze every day and that is not easy to stay focus to find the coin.

[awik p]

I think it's very possible to earn $5k within a month. because when the market is bullish then the opportunity is very open and you can even get a bigger profit than you targeted, but to be able to regularly earn that much profit every month, I think it takes good experience, and of course it's still possible, because your target is 30% in a month

[Wexnident]

Definitely possible, the only issue with the amount of money you can earn from trading is how good you are with trading. I'd reckon trading in Bitcoin/ETH or any other top altcoin when the market is at a steady move would make earning a bit longer, but if we were in a pump, then it would be much easier, not saying that it's the only method you can use though, there's also leveraging after all. Other methods include investing in some small coins that you expect to make a big move or have a big pump in the next upcoming weeks, though as I said, the only issue here is how good you are with identifying them.

[gabbie2010]

Earning a profit of $5000 with a trading capital of $15000  with crypto pairs that are highly volatile is very feasible based on having all the necessary trading skills and knowledge, you must also have a working trading strategy NOTE no perfect one, it's only money management that will ensure making a profit and you must be well disciplined, you may not necessarily trade with a high leverage,  just adopt cross margin trading where you auto borrow your capital to 3X for trading. these will minimize the risk of trading with a high leverage,
Trading with cross margin and making profits thrice in week will amount to more than $5K monthly, above all it is based on your level of skills and experience in order to earn your targeted monthly profits.

[adaseb]

Your starting capital doesn't really matter that much. Most think it does and maybe the capital is more geared towards living expenses and food while you trade. However whether you start with $1000 in your balance or $10000, most likely your outcome will still be the same. If you don't know what you are doing you are going to lose that $1000 or $10000.

Plus these days most future platforms allow up to 100x leverage. So you can easily use 10x leverage with your $1000 and trade up to $10000 in sizes, the leverage is big but not that big where a 1 minute candle can liquidate you.

However you will see that its VERY difficult to stay profitable in this business. My advice start with $100 and if you manage to turn it into $1000 then perhaps trading might be for you. If not then start with another $100 and see if it works the second time. Trading is not easy as it seems.

[Xinarae*]

With a good knowledge of trading it is possible to trade for 5,000 a month by day trading. The market for trading is a place of perseverance discipline and consistent effort people who come to trade overnight for a change of fortune probably fail big time many trades fail intraday trading due to lack of proper trading strategy and not following the strategies. If you are really enthusiastic and don't just sit down as a hobby and start planning to trade by accumulating real knowledge and have a plan to stay in the market for a long time then you can easily make a profit.