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Author Topic: Is it possible to make $5,000 a month day trading?  (Read 1293 times)
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August 27, 2021, 03:04:32 PM
 #81

Depends, if you mean that early in your career then it's impossible but if you're really good at trading and you have a sizable capital then probably a 5k monthly is a possibility, you might even be able to surpass that number if you're really good in a sense of the word.

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August 27, 2021, 06:41:20 PM
 #82

This market with 15,000$ is big capital and so much possible to earn 5,000$ in a month. But it is mostly depend on trader experiences.
I see someone who guy was made $7000 amount in 18 (eighteen) days. So it is possible for professional traders.

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August 31, 2021, 08:54:16 PM
 #83

With a starting capital of $15,000 surely you can make $5,000 profit through day trading in a month and you can earn more than that depending on your capacity and skills you have in trading. The amount you can earn depends duly on your own self because if you are bad at it, then the possibility could turn things the other way around. So be mindful before engaging on such, you must be knowledgeable enough on managing your assets and funds to somehow assure your earnings by the end of the month.

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August 31, 2021, 09:25:03 PM
 #84

With a starting capital of $15,000 surely you can make $5,000 profit through day trading in a month and you can earn more than that depending on your capacity and skills you have in trading. The amount you can earn depends duly on your own self because if you are bad at it, then the possibility could turn things the other way around. So be mindful before engaging on such, you must be knowledgeable enough on managing your assets and funds to somehow assure your earnings by the end of the month.
Well, I think it still needs knowledge and skills and this possible profit that you would be an earning will matter on this way. Perhaps it really depends on your skills, the large amount of capital is useless if you don't have an idea on how to start trading. Trading is a very risky and crucial activity that is possible in just a matter of a day, your large capital will easily wipe out in your wrong move in trading. So therefore, there is no guarantee that there is a good return in trading if you dont have skills.









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August 31, 2021, 11:35:05 PM
 #85

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
but op uses $15k in capital, so I think a profit of $5k in 1 month is very possible, because it means a month profit of 30% of capital. especially in a bull market, it will be easier to make a profit, it doesn't even take 1 month to reach the target. Of course, to achieve all of that requires good knowledge in trading on the crypto market
30% is something attainable on this market if you do just know on playing with the volatility even not just depending on price swings or increase then you could really still able to reach out that target on just simply trying to get 3-5% gain on a single day but this would only fit out to those short traders or active ones but it isnt bad if you do go for swings because not all would really be that enough skillful to deal with volatility on active manner.
Profitability will really be varying on your capability and this is where people do differ to each other and this simply means that you wont know if it does work unless you do try.

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September 01, 2021, 02:53:38 AM
 #86

With a starting capital of $15,000 surely you can make $5,000 profit through day trading in a month and you can earn more than that depending on your capacity and skills you have in trading. The amount you can earn depends duly on your own self because if you are bad at it, then the possibility could turn things the other way around. So be mindful before engaging on such, you must be knowledgeable enough on managing your assets and funds to somehow assure your earnings by the end of the month.

Hey bro you suggest some coins based on your skills, if you consider me in trading around an year I was out of cryptos very slight active on all cryptos stuffs. If you share best coins list based on your analysis. It would be helpful...
Share some forecast also like Elon. Haha

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September 01, 2021, 07:39:40 AM
 #87

Yes, it is possible to get that 33% ($5k) , 33% is a little bit risky but must do it carefully and precisely or else you might lose money. If you want fast money then trade with futures. If you less risk, then trade it on spot.
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).



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September 01, 2021, 09:19:32 AM
 #88

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 always depend on how you do trading to get that profit. 15k$ is big amount of capital so there is a great possibility that you can earn 5000$ net a month, the bigger the capital the bigger the profit, but you still have to minimize the capital and always used the amount that will not affect you're concentration if ever you loss on it.

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September 01, 2021, 11:55:53 AM
 #89

Yes, it is possible to get that 33% ($5k) , 33% is a little bit risky but must do it carefully and precisely or else you might lose money. If you want fast money then trade with futures. If you less risk, then trade it on spot.

You can also get a larger profit, which will be calculated in hundreds of percent per month. But in this case, everything will depend on the correctness of your investment and a little more on luck. If we pay attention to the market, then we will see that Solana has shown growth over the past month by 6 times. And if OP invested all his funds in SOL, then in a month his 15 thousand dollars would turn into 90 thousand.

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September 01, 2021, 12:53:12 PM
 #90

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

But the question is, how good are you actually with trading? Because the results will mostly depend on your skills/knowledge rather than your bankroll, and how much risk you're willing to take. You can even start with $1 million but you'd lose it all if you don't know what you're doing.

Yes, the knowledge and extensive training in trading can do big miracles. The trading market is big pond with so much money in it that it can fill up your pockets like forever! It can literally feed everyone who is able to take from the market with strategies.

As mk4 stated, even 100 bucks is enough to make such high profits but you need to follow above statement and apply it to your trading methods. The market is very very risky but as they say with the risks comes huge margins! So hope to see your next post where you are telling us your success story.  Smiley
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September 01, 2021, 02:19:24 PM
 #91

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).


I think you have enough fund for trading .I am not sure that how much you can earn it can be 5000$ or more but you have to be a good trader first .I have seen a lots of professional trader who are earning more without having a huge amount of capital like you have .I think you will not need such a huge fund if you are become a expert trader .I think you need to know the market behave and need to learn the pattern as well how its act to the market and put less money on initially .That will helps you to have a good idea on it and gradually you will be a good trader and can earn your expected amount .

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September 01, 2021, 02:33:05 PM
 #92

*huge capital
*longer time spend in trading
*knowledge and skill

These all things were it helps to make it possible.
I think that OP had already and it was totally dependent on him of what he gonna do with that amount. If he is too careless, instead of achieving his goal to get $5000 per month, might he lose it all? Many traders had been into that situation and OP must have to focus on the plan otherwise, he can be one of those you feel disappointed.
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September 01, 2021, 05:58:01 PM
 #93

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 always depend on how you do trading to get that profit. 15k$ is big amount of capital so there is a great possibility that you can earn 5000$ net a month, the bigger the capital the bigger the profit, but you still have to minimize the capital and always used the amount that will not affect you're concentration if ever you loss on it.
Not always by having a large capital then the profits we get will be even greater,
it all depends on them and if they trade well it is not impossible the profit will come,
apart from that all that must be remembered is that the risk will continue to exist and the more capital we use, we must be really careful in trading
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September 01, 2021, 07:19:50 PM
 #94

the knowledge and extensive training in trading can do big miracles. The trading market is big pond with so much money in it that it can fill up your pockets like forever! It can literally feed everyone who is able to take from the market with strategies.

As mk4 stated, even 100 bucks is enough to make such high profits but you need to follow above statement and apply it to your trading methods. The market is very very risky but as they say with the risks comes huge margins! So hope to see your next post where you are telling us your success story.  Smiley
I do not think that there are too many people who can turn 100 dollars into 5000 dollars too many times in a row, you can do it maybe once or twice but I do not think that there is any person in the world who can do that for a year for example, even during the bull run because eventually a drop will hit you and you will lose it all.

The point here is that dude has 15k and making 5k each month with that means that there is a very low room available to actually increase your portfolio, and the secret lies within that. Could you make 5k? Yes, there is a chance you can but then you take that out and you are left with 15k once again and trying with that again.

Instead of that, if you could end up putting that back in and have 20k and repeat that constantly, then you could have 100k+ in a year, and that's going to be a lot easier to have 5k per month income from it if you could grind it for just one year and actually succeed, rest is easy.

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Shenzou
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September 01, 2021, 10:41:05 PM
 #95

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).


That is a really specific, the thing with trading is it all depends on your way of trading and how good are you, if you have past experience and you were able to make some profit you probably wouldn't ask this question, but since you are still a beginner and you want to get into day trading that you should just focus on learning and trying strategies and making most of your time collecting as much info as you can before going in and using you money, and you should also set low expectations and start of by hitting smaller goals and smaller profit points.
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September 01, 2021, 11:27:58 PM
 #96

What trader do you refer to? If it is for a professional trade, it is very possible to earn $5k in a month. But it should require a capital of about $1k. And I think there is no guarantee it can get $5k every month because sometimes crypto market isn't in good condition for trading. When it is in a downtrend, I bet the professional trader also gets difficulties to take profits. Because most crypto coin tends to drop their prices.


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September 03, 2021, 05:14:23 AM
 #97

This market with 15,000$ is big capital and so much possible to earn 5,000$ in a month. But it is mostly depend on trader experiences.
I see someone who guy was made $7000 amount in 18 (eighteen) days. So it is possible for professional traders.

Wow, that is a great figure, it would be necessary to study what type of strategies he uses, the truth is that I would make that profit depending on how much is his capital, usually I always seek to do at least or supplement with 6% quarterly, I would focus on obtaining that firstly, then that 6% may be easily achieved and the rest can be devoted only to pure profit, I believe that everything has to do with the goals that are imposed and with the appropriate strategy.

I think discipline is what lies there and I have also realized that long-term trading is the most profitable one, what do you think?

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September 03, 2021, 06:47:25 PM
 #98

With enough capital, $15k will make a lot of profit too if traded correctly. $5000 in one month will not be impossible. But it should be noted, trading must carry out management, must be disciplined and use the correct and predetermined strategy.
Scalping may be the fastest method to make a profit. Day trading must also be supported by good knowledge of candle reading.
Do not try to trade just because you have a lot of capital, but do not have sufficient knowledge to trade. it will just waste your money.

R


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September 03, 2021, 07:46:21 PM
 #99

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).


Trading Cryptocurrency required 100% concentration. I'll bet you will lose your concentration if there are pressing needs like food and groceries and bills to paid. In other words,  the criteria you listed will not let you concentrate to even make profit. I think you need to get a job for a guarantee income or start a business while you develop your trading skills and apply it in your daily trading!

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September 03, 2021, 08:15:36 PM
 #100

Trading Cryptocurrency required 100% concentration. I'll bet you will lose your concentration if there are pressing needs like food and groceries and bills to paid. In other words,  the criteria you listed will not let you concentrate to even make profit.
People can look at it as motivation but I do agree with you. It's the pressure that you'll have to take for each trade if you're going to have that span within a month with that amount.

I think you need to get a job for a guarantee income or start a business while you develop your trading skills and apply it in your daily trading!
This isn't a bad idea, you continue your job until you finally can make a decent living through trading as you become experienced.

.
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