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

[24Kt]

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.

This is a very sound piece of advice. If you can't make a smaller amount into something significant of value, then, you still need to gain experience how to work with small funds first. Because going to bigger funds at the beginning of you trading will incur you big losses as well. What the OP was asking is very possible. Actually, his initial capital is already big. But that depends on his trading skills if he can turn that initial capital with high profits.

[TheUltraElite]

2) Daytrading full time.

Provided you have prior experience in stock market day trading and you understand the risks, you will first have to develop your own bot to run 24x7 because you will not be able to stay awake.

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

A bit on the illogical side, because a side earning is always a good backhaul.

*4) Starting with $15,000.

You can start with any capital you want. Following this you would have to add in more capital from time to time because the average return from trading will not be enough to fund the capital much.

5) Trading all crypto (not just btc).

If you are day trading you will be dealing mostly in shitcoins so that goes without saying.

* 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).

This is the wrong mentality again. The minimum amount does not determine what you will profit. What and when are the questions that answer this questions.

It is defenitely possible to make a lot and lose a lot by trading. My suggestion is always BTC for the long term but if you have found something more useful by all means go for it and do let us know after a few months because I have seen a lot of traders just ghosting after starting day trading.

[Pamadar]

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.

Very possible if you focus and take time gaining knowledge first before taking your steps into this business.

Many of those who failed are the people who think that this venue is easy and they can just do it without studying. Day trading is more risky a natural trading, as volatility will harm your trading position if you don't understand how the market works. Keep in mind that quick change from the market will affect every position that you have in your daily trade.

[jossiel]

This is a very sound piece of advice. If you can't make a smaller amount into something significant of value, then, you still need to gain experience how to work with small funds first. Because going to bigger funds at the beginning of you trading will incur you big losses as well. What the OP was asking is very possible. Actually, his initial capital is already big. But that depends on his trading skills if he can turn that initial capital with high profits.

It is true.

That you don't have to go wholly with larger amounts if you can't do with the little you have. But if someone who's willing to put and start with a high amount.

You only need to make sure one thing, that you can afford that to lose.

[Pasa32]

I think you must follow the steps then only you can earn it as east as you want, but first of all you have to give much time of your day to trading and next one is that you should analyze the coins, getting news about them on internet, going and searching in their twitter id's etc , will give you more information and i hope you will earn more than $5,000 in a month.

[lienfaye]

Its possible but expect that it wont be easy. It takes knowledge, skills plan and strategy in order to achieve your target profit in a month.

Some experience trader were able to profit huge even with a small capital because they are knowledgeable on what they do, so the success will depend on you alone.

Currently the market is turning bullish, a chance to take advantage but careful on what coins you're going to trade especially on altcoins because its quite risky compared to bitcoin.

[tvplus006]

The balance of $15,000 can give you more than you are estimating for the month. The profit of $5,000 is easy to achieve even before the month ends and how it can be easier is to trade in highly volatile coins like bitcoin. Bitcoin was around $29,000 the past one month and now above $49,000. The calculation of the difference of $49,000 - $29,000 is $20,000 , this is really big as you can see for a month.

The above analysis is if you just bought and hodl, you would have made like $20,000 without trading at all, just with your investment resting on your wallet or exchange. Therefore, if you do trading and you understand how to enter in the right time and exit time too you can keep smiling all the time with profit above $5,000.

The issue is to do the right kind of trade decision. Hodling and trading at the right time is a good way to good profit.

If you compare it with other coins, then bitcoin is not as volatile as other coins) I will give a better example: if OP had bought Solana a month ago, he would have increased his deposit by 4 times. I will note that the price of BTC has increased by 80% during the same time. But such a profit is obtained only on paper, because it is actually very difficult to buy a coin at a low price and sell it high.

[TheListener]

Yes it's possible but is this not easy to make 5000$ in month because it's depend on knowledge skills how much you have knowledge about trading and you have a good invest to earn a big amount .

[Desmong]

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).

It is very possible to use $15k to trade and make $5k each month because the capital is high inducing more profits to be earned. Please if you would like to save yourself from the trauma of making profits and in a short time losing the money back to the market again, I would advice you to trade the spot market which the possibility of making losing is rear and without leverage.

Please don't ever use leverage to trade if you know that you don't know how to leverage trade. A lot had leverage in trading and ended up losing all there funds because of the rate in which they leveraged. Spot market is just buying and selling of coins I the market and it has no leverage. What you have is what you will buy and sell which is the best form of trading if you are avoiding irrational loses.

[Obito]

I don't think that anyone could do that,, unless they have a considerable amount of money to daytrade and they are most likely to profit from their trades rather than lose then probably there's a possibility that a 5k USD a month in daytrading could be made.

[Hendra gunawan]

Trading can't be profitable every day. So maybe this month can profit $ 5k or more but next month not necessarily profit. So the answer is difficult, especially since the crypto market is very unstable. When the market is in a downtrend, it is very difficult for us to make a profit.

[Jilapikhamu]

If you have knowledge what you doing then you can earn more than this.  If you Don't know what you doing than You lose all your money

[el kaka22]

It is not about $5k, it is about sustainability and that is the big problem. You could make 100k with 15k in a month if it is a bull run month and you are lucky, but it is possible to lose 50%+ of all your capital as well if you are unlucky and in a bad month. In the same month that everything went up 2x, it was easy to make that kind of money, in the month that everything went down 50% it was impossible for anyone to make money, this is just the last 6 months we are talking about, so it is recent memory.

So yes, it is quite possible to make 5k out of 15k in a month, quite easy, incredibly easy, for the months that you are lucky and there is a bull run going on, but you can have maybe few months a year for that, but there will be few months when it is bear run and not only you will not make money but you will end up losing money as well. Which is why it is all about sustainability and how it is impossible to keep doing that every month.

[isaac_clarke22]

~

As what el_kaka22 mentioned above, it's all about how can you sustain.
15k is quite a lot to be honest. Considering that you don't have other means of income makes your decision to trade risky. Think of the what ifs, because losing that amount based on your condition is gonna be a nightmare. Trading, as what mk4 mentioned, isn't guaranteed profit. Take it from my experience as well when I day trade with just a small amount and I thought I was doing good with all these damn indicators, but it went all loss as the market condition itself is just not the "perfect time" for me to day trade.

[kram31]

Yes! it is absolutely possible especially if you are full of knowledge here in crypto trading concept dude.
And my only advise to you only is that you must have a goal target daily in your routine life here in crypto
space, then you must also know what coin your gonna trade in the market too and you should know how
to risk your assets here, good luck.

[nelson4lov]

Yes it's possible but is this not easy to make 5000$ in month because it's depend on knowledge skills how much you have knowledge about trading and you have a good invest to earn a big amount .

Hitting $5000 every month takes a lot of grit and determination not just the knowledge level and capital even if they're good factors that plays a key role but everything has to be in place to hit such target on a monthly basis. Aside from this, there needs to be a trading plan focused on the target and should be followed religiously and consistently ~ no exceptions.

But it would be wrong for a beginning trader to put up high targets like that. Best to start with a smaller, realistic target and move on from there.

[crzy]

It’s possible but your profit in trading will depend on how much is your knowledge about trading, though you have a good capital to start with profit is still unpredictable. You might be able to hit that target but its too hard to tell that you will have the same result every month. We’re talking day trading here with that huge capital, I hope you know what to do because that money can easily be loss if you don’t know much about trading, this is risky but still profitable with your strategies and analysis.

[tygeade]

Its possible but expect that it wont be easy. It takes knowledge, skills plan and strategy in order to achieve your target profit in a month.

And it needs a hell of lot of luck to make 5k bucks with a modest capital of 15k to start with. If I was in his shoes, I would have not set any targets and start trading because setting targets either make you greedy if you achieve them or weak if you fail to achieve them.

Some experience trader were able to profit huge even with a small capital because they are knowledgeable on what they do, so the success will depend on you alone.

Those are analysts who can fundamentally analyze a project and determine whether it's worth investing or not.

Currently the market is turning bullish, a chance to take advantage but careful on what coins you're going to trade especially on altcoins because its quite risky compared to bitcoin.

During a bull run, it's simply best to put money into bitcoins because no altcoins can match the same growth during the bull run. When not much is happening in the market, go for altcoins with potential.

[Sihab76]

It is not at all possible to earn $5000 a month because if you use a cryptic signal it is possible to earn five thousand dollars in a week. Otherwise if you enter in future trading then if any specific signal can give you opportunities then you can earn money$5000 within a single day.

[Oceat]

It is not at all possible to earn $5000 a month because if you use a cryptic signal it is possible to earn five thousand dollars in a week. Otherwise if you enter in future trading then if any specific signal can give you opportunities then you can earn money$5000 within a single day.

Are you talking about the pump signal of a group? I don't think they will be profitable in the long run because we all know that the first one to know it were the ones that get the profit first and the rest is almost nothing. It's better to do some TA in that way you could predict the future price although I can't say it's profitable enough to meet the $5000 a month but if someone manage to make a profit for their small capital then it's already an achievement.

Just know that not everyone could make the X profit with their X capital it all depends on what level are their knowledge and experience about trading. But as long as they could make a profit that's enough as an experience.