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

[ophyrim]

Yea of course it is possible there are tons of people who earn their living with trade. But trade is not easy. 95-98 % of the traders are losing money. Trade is a serious business. You have to work very hard. And of course, education is very important.

[conected]

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.

- Daily goals are goals where you can use your efforts to determine the results, very few factors can be detrimental unless you become lazy and do not accept the goal but daily goals are not a good habit for trading, especially with day trading because there are so many factors that can make you passive. More precisely, your one effort cannot replace the perspective of the market, set daily goals with it, you are just exhausting your labor, the candles here are very unusual, knowledge can only be used for the long term

[Questat]

* 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).

No doubt and that was enough to make a good market spread. Having the advantage of that huge amount will certainly give you a bigger chance to reach your target but just be sure that you are fully prepared, have knowledge, strategies, trading plan, and you were able to make market analyzes otherwise this $15k capital might be out of your hands and lose them all.

Unless if you are good already in trading, then surely you can make $5k a month or even to double it. Just like what I said, it totally depends on how you manage your trade.

[bamb]

There nothing impossible,  however,  trading Cryptocurrency is not a structure for daily or monthly earnings,  To earn a living,  you must get a job, start a business or provide service that guarantees daily,  weekly or monthly income!  The volatility of Cryptocurrency market is not a good condition for stable income!

[DarkDays]

$15,000? Sure, very very possible. You can even make $5000 a month starting with $100 using leverage.

I think the question here is not about what the correct amount is to start with in order to be able to get 5K a month from trading but more like what analysis and trading techniques you employ, as well as which markets you follow.

Generally, when markets are green in the right market you can make 5k in a day or a week not a month, but that depends on having access to early info or else understand the market to know where to position yourself.

Even in a bear market with the right skills you can still get your monthly salary from trading. There are options like leverage and features trading one can use so it is not so much a question of the starting amount but more about skills and markets, if that makes sense.

[SquallLeonhart]

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).

The thing is, you could always find other ways to make 5k+ per month on bitcoin, you do not have to do trading. Which means that there is a specific "need" for trading to be the main reason, which I do not quite frankly understand. Think about it, if you are a regular normal person, why would you want to spend hours upon hours trading everyday to make this kind of money when you could find other ways?

For example, buy ethereum with as much money as you possibly can and stake that? Or do that with UNI or Cake and eventually you will realize that there is still a risk involved, but you are also growing your money as well while making a profit. None of this can be done with 15k, that's way too little, but if you have something like 250k, then you could literally live your life with crypto.

I have a friend with 1.5 million dollars and he invested that into many different crypto currencies and tokens, and he hasn't worked a day in the last 2 years, plus he grew his money to even higher highs while still spending it.

[Taskford]

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).

Making 5,000 USD from 15,000 USD is very ambitious, this meas making 33% profit per months, or 400% per year. This not realistic in my opinion. As a good trader we might be able to pull it off in a good month, but making such kind of profits consistently is very hard. I think we should be more realistic. If you really want to make 5,000 USD per month you need more starting money. Aiming for 5-10% profit per month would mean you need at least 50 - 100k starting capital.

Its ambitious target for a people who only have thousands dollars in their pockets since reaching that figures is totally a hard road to take, Maybe for huge whale who can spend millions of dollars in trading then its possible for them to reach that amount but low cap gamblers should not lose hope regarding on profit earnings since we can still earn decent money our trades and the thing we need to do is settle each trades then learn how to exit or shall we say take our profits since this could help us not to become a loser on our trades.

[xwshamim]

If you have good amount of investment  then why not.  You can earn more than that by only playing with btc and eth to keep your investment same. As you know both of them are the kings. They will pump even if any other coin Doesn't

[Silberman]

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.

I probably gave numbers that were higher than what was needed but I still think my idea is correct as the OP wanted to generate monthly profits of 5k with just 15k, that is 33% in profit every single month and while that can happen once in a while it is not something that can be sustainable, this is why I recommended such a high figure, however this is just a theoretical discussion as it is unlikely that someone that wants to trade with 15k the markets has 100k or 200k on their bank account.

[Fatunad]

* 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).

If we do talk about $15k capital and tending to make 5k a month then i could say that its very attainable but would really be depending on how you would really able to handle yourself in active trading.
This is something that where most people do fail on because dealing with volatile market on active manner isnt simply as it sounds.Yes, it is really giving that chance on higher profits but the risk
is more higher compared when you do make swing or long term trades.So the answer of this question is really be depending on someones capability towards trading
which most people do really differs on.

[Hippocrypto]

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).

This is the hardest part, we can't do an accurate math here  because generating a profit in trading doesn't have an accurate value. As the unpredictable market took many times to fluctuate, our gains also suffered a lot.
Maybe for those traders with huge buffer capital they'll going to earn that amount of $5k a month but for those who just trade with little capital that can't afford to lose, I guess $100 is fine.

[Sweetbtc]

Recently i tried to maximize my earning. I started with 1$ and usually i invested on these coins which some big news come like mainnet launch,Nft  market place launch,Game launch etc. Now my portfolio is more than 3000$.
I believe if you trade these 5000$ with best strategy you can easy make 15000$ per month.

[Marvell1]

5000$ is about 30% of 15000$ of initial capital. This is entirely possible but it depends on you. In addition to knowledge and skills, you need a good management plan and strategy. Opposite, If you don't have the knowledge and strategy of your capital management, but using that money to make trades from team signals, it's very risky, can make you lose everything.

[imstillthebest]

i think it was possible if you get lucky that the coins you trade perform well .
yeah i know trading isnt only based mostly in luck but there is the volatility of cryptos that we cant totally control . you may still earn though but you cant expect to hit your target all the time but to make your target more possible , you can run multiple income streams .
 do investing too or other profitable business using the starting capital that supposed to be allocated only for trading because that seems a lot .

[celot]

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).

Nothing is impossible my friend in the crypto world. It's just that the profits are definitely in line with the initial investment capital. Because in trading we are not lucky every day. Sometimes suffer losses. And it has become a twist of risk that must be accepted by all traders.

[bandungan]

any amount can be obtained but it can only be done by professionals with large capital, skills and knowledge. profit $ 5000 in my opinion is very large especially you target within 1 month. it's very fast means you have to get at least 50%-70% profit every day. try to do it and if it works you can share it here for learning together

[Mkmanik]

Yeah, It's possible. You can also earn more, and you also can be REKT. Trading is not for all. There is a huge risk, If you are good in Technical analysis, Risk management, control of your emotion it's good for trade. Before doing trade you need to learn that things. In trade 90%+ people lost their money, Only 10% can able to gain profit form trade. You need to follow risk management highly, Without it, you can't able to survive trading. In the crypto trade surviving is the main fact, Because most people can't be able to survive here. 

I suggest you do a Demo trade first. If you feel that you are good at trading, then go for real trade. Also at real trade don't go for Leverage trade firstly, It would kill your fund. First, try to do a long-term trade with a spot account. If you are good in TA, you can also earn huge money from spot trade. There are a lot of coins that regularly pump and dump 50% or more. So there is no alternative of learning, Only proper skill can help you here.

[Pasa32]

I don't even thing the criteria you provided for your worth of earning $5,000 would be difficult as much because , the more you invested in day trading the more you will get the profit, even the same situation will be applicable in long term coins too, but here i preferred for the amount you decided that day trading would be best.

[dezoel]

I don't even thing the criteria you provided for your worth of earning $5,000 would be difficult as much because , the more you invested in day trading the more you will get the profit, even the same situation will be applicable in long term coins too, but here i preferred for the amount you decided that day trading would be best.

Surely it's not easy to make $5k every month with just $15k investment. Not impossible but surely not easy either because the price does not always go up and daytrading is most profitable when market is bullish.

My small advice to OP would be, start trading and see how much you can make and don't be too upset if the profits are small because crypto trading is not a get rich quick kind of scheme. Crypto trading is just a more dynamic and volatile version of the stocks market so trade carefully and don't aim for too much profit from the first month itself.

I would even say that burn the first month just for learning and gain experience about daytrading.

[Dread Pirate Roberts]

With the following criteria...
*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).

from the criteria you provide and the reality in the market that is currently happening, it is very possible. what else you are ok in altcoin too. the obstacle is that we know there must be a greater risk in altcoins, now it's just a matter of how you determine your trading style and how to analyze the market you do.
This is the challenge and has always faces for many trader . even for people with high experience in trading or reading chart are also still facing this.