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

[Botnake]

With your capital of $15000, you are making at least 33% return every month, I think that's unrealistic, you can never be consistent in making profit in a monthly basis, because if you do, then there should be no problem increasing it as you can easily increase your capital with the profit you will accumulate overtime.

The question is, "is it possible?" yes, but unlikely.

[Zilon]

With $15,000 it's very possible with an accurate strategy. With that account size trading on a standard lot size wouldn't look greedy since the account is fit for it but always apply risk management because the waves of the trend can change direction no matter your system of analysis

[Vaculin]

With $15,000 it's very possible with an accurate strategy. With that account size trading on a standard lot size wouldn't look greedy since the account is fit for it but always apply risk management because the waves of the trend can change direction no matter your system of analysis

And we are not sure if OP's strategy will work for him and therefore, he would be able to reach the target. I'm doubted that it works all the time but if we are already in trading for many years, $5,000 is quite easy for us. So basically, what could affect the results of our trading had come from the strategies and capital we have. The bigger capital has a higher chance to make a profit as well but we should have to work it hard as we know how volatile the market is.

[Fatunad]

With $15,000 it's very possible with an accurate strategy. With that account size trading on a standard lot size wouldn't look greedy since the account is fit for it but always apply risk management because the waves of the trend can change direction no matter your system of analysis

And we are not sure if OP's strategy will work for him and therefore, he would be able to reach the target. I'm doubted that it works all the time but if we are already in trading for many years, $5,000 is quite easy for us. So basically, what could affect the results of our trading had come from the strategies and capital we have. The bigger capital has a higher chance to make a profit as well but we should have to work it hard as we know how volatile the market is.

This is very true because even if we do give out some strategies or advices it will still always matter on OP's own way of trading because we do really differ on each other on this manner.
Having 15k capital and aiming for 5k a month in trading which is basically 30% of your capital which is really very plausible if you done it right but well it will really be depending
on op's hands on how he would gonna handle his investment but asking if its possible then its yes because you can even earn more than that if you done it well.

[suzanne5223]

With $15,000 it's very possible with an accurate strategy. With that account size trading on a standard lot size wouldn't look greedy since the account is fit for it but always apply risk management because the waves of the trend can change direction no matter your system of analysis

Honestly, no strategy in cryptocurrency trading is accurate and I wonder why a trader will have the belief that trading $15,000 as capital is enough for her to make $5000 every month when tomorrow is promised not to talk about the high risk in day trading. Besides, having many impressions about earning $5000 a month could also lead to her addiction to trading if she starts with lost cause she will chase after profit instead of paying attention to what is needed.

[TheUltraElite]

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!

I dont think concentration has anything to do with profit in that sense. If you are talking about day trading and being able to run it since it runs 24x7, then to make lives easier you can develop your own bots that can monitor markets and send you information on the go. This is not possible for those who lack a programming background but it is possible to learn and execute.

Otherwise keep life simple and not day trade - keeps all the anxiety and social problems away and makes sure the trader remains sane and continues with the natural livelihood.

Whether one can make a specific amount like the OP said, I would not bet on it. It is possible but not necessary to make. Being able to profit a certain percentage of your capital should be your target not a specific amount, but the market changes are not in control of your hands so even then there is no harm if a certain month goes negative for you.

[worle1bm]

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 as much is possible with whatever you are willing to start with as many traders have made millions with $100 or even less but what main was they have don techo, financial analysis of the Market and gained knowledge and experience of how market responds to certain elements which made it possible for them.So you need to possess some special skills for that and making money is not an easy task and you could make more what you desire for and even lose all your initial investment so be careful man.

[rhomelmabini]

the most important thing is skill, you can have any target for trading but remember, trading is not as easy as we imagine. must have a lot of analysis, ability, capital and others. manage the management well and you can get a profit target of $ 5000 or more

Skill and your sanity towards it. I remember an author about trading that the most important aspect to learn if you want to trade full time was your psychology behind it. Making a $5000 monthly trading profit may vary and even if you say you can do it full time and have that starting capital, it doesn't necessarily mean you'll get it monthly like what you expect it to be.

[RokokGudangGaram]

$15,000 is a big capital for me and I really think there's no problem earning $5,000/month I think with that kind of amount you will earn more than $5,000 but still depends on how good you are in trading I for once managed to earn more than $12,000 from my budget of $3000 in less than a day through leverage but I can really say it's risky I got -$1500 first before reaching $12,000.

[Hypnosis00]

Well, I don't think this was a good idea coz I saw some negative effects with this on you. I'm afraid if you will fail to reach your goal monthly you will lose your mind and having a bad trade. In that case, it was possible to lose them all rather than making some profit on it.

the most important thing is skill, you can have any target for trading but remember, trading is not as easy as we imagine. must have a lot of analysis, ability, capital and others. manage the management well and you can get a profit target of $ 5000 or more

Skill and your sanity towards it. I remember an author about trading that the most important aspect to learn if you want to trade full time was your psychology behind it. Making a $5000 monthly trading profit may vary and even if you say you can do it full time and have that starting capital, it doesn't necessarily mean you'll get it monthly like what you expect it to be.

The confidence doesn't give us 100% assurance that we are able to get $5k per month. Even we have $20k capital still the same as this volatility nature of the market had never changed. While aiming for a $5k profit will give some pressure on us but on the other hand, it forces us to work harder.

[rhomelmabini]

the most important thing is skill, you can have any target for trading but remember, trading is not as easy as we imagine. must have a lot of analysis, ability, capital and others. manage the management well and you can get a profit target of $ 5000 or more

Skill and your sanity towards it. I remember an author about trading that the most important aspect to learn if you want to trade full time was your psychology behind it. Making a $5000 monthly trading profit may vary and even if you say you can do it full time and have that starting capital, it doesn't necessarily mean you'll get it monthly like what you expect it to be.

The confidence doesn't give us 100% assurance that we are able to get $5k per month. Even we have $20k capital still the same as this volatility nature of the market had never changed. While aiming for a $5k profit will give some pressure on us but on the other hand, it forces us to work harder.

I guess the goal is somehow fine for me and it's attainable but for a beginner as I assume with the OP I think he should know the basics first of what's compounding even on trading. Others take compounding strategy lightly but most businesses and even with trading it comes to be the effective way to get more earning through time.

What I advice to OP is focus or start at low, the best things takes time and even it's slow at least you are getting some lessons along the way.

[conected]

$15,000 is a big capital for me and I really think there's no problem earning $5,000/month I think with that kind of amount you will earn more than $5,000 but still depends on how good you are in trading I for once managed to earn more than $12,000 from my budget of $3000 in less than a day through leverage but I can really say it's risky I got -$1500 first before reaching $12,000.

- Your self is already a good proof of the impossibility of this quest, the decrease in wealth will be reduced to almost an absolute minus because your budget was a relative loss the first time, agree that you have a strategy in time to mix and make a profit but your budget can still break in the second and third, even more times. Leverage battleground has no tolerance for most users, one month may succeed but the next month may fail, never easy with a profit even though our capital is large

[perfect999]

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 5000 a month in crypto currency trading is very possible.   All you need to do is trade daily with a reasonable amount. Then another thing you have to know is that you shouldn’t be in a hurry to make that much,You need to have patience, and study a lot about trading to develop your skills.  with time you will be able to make up to $5000 a month. Why I said something about patience is because I’ve seen a lot of newbies Who quit cryptocurrency trading out of Frustration, that they can’t achieve much with it. If you can take your time with this You will be able to make more than that As time goes on.

[RealMalatesta]

I guess the goal is somehow fine for me and it's attainable but for a beginner as I assume with the OP I think he should know the basics first of what's compounding even on trading. Others take compounding strategy lightly but most businesses and even with trading it comes to be the effective way to get more earning through time.

What I advice to OP is focus or start at low, the best things takes time and even it's slow at least you are getting some lessons along the way.

This is basically what I did. The first ever investment I have ever made was $17, which grew over 100 in months, and that grew into thousands in years, and I started to earn from it, have an income from it. Right now, I have spent it all and have basically zero money anymore, but I have done big things with it, huge things that I would never imagine I would see myself in, and I am quite happy that I do not have any money left right now, because if I had my investment with me but didn't do those things then I would be very sad.

Long story short my story, started with 17 and took years to reach where I wanted, people want to be rich over night, make 5k from 15k each month, that is not going to be possible for each month I can guarantee you that 100%, impossible to do it every month. However if you start with 15k instead of $17? Then in years you would have maybe a million dollars, who knows? That is what people should focus on.

[arbifahrozy]

5000$ is not too hard to get. Keep buying the dip and keep holding...don't be a panic seller... also while you're holding give crypto mining a try it'll help you.. finally hit my 11k mark after 48hours of mining.. I'm holding and I'm mining for the future fam..

[Rana590]

Actually it will depend on how good trader you are. It is very much possible to earn $5k with your desire capital. Even you can earn this amount with much lower capital by taking leverage. But leverage trading has high risk. I think you should focus on earning money. Don't focus on fulfill the target. It can be harmful for your capital. Try to select best pair in day trading.

[cryp24x]

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).

Your earning target monthly is really quite good if you know how to get of course. And one more thing dude, being knowledgeable in cryptocurrency trading is certainly an advantage, especially if you timely buy or sell the coins your gonna buy or sell it. Perhaps, 5000$ in a month could possible more than it.

[taufik123]

Actually it will depend on how good trader you are. It is very much possible to earn $5k with your desire capital. Even you can earn this amount with much lower capital by taking leverage. But leverage trading has high risk. I think you should focus on earning money. Don't focus on fulfill the target. It can be harmful for your capital. Try to select best pair in day trading.

Leveraged trading is not recommended for beginners, as it carries a greater risk of loss. but some beginners start to try it just by guessing the price.
If you only aim to get $ 5000 of course it will be very difficult, the most important thing is to know the mechanism and know the correct trading flow. Don't be a too greedy trader and too panicked trader. all require a process.

[Chrystora123]

snip..

Your earning target monthly is really quite good if you know how to get of course. And one more thing dude, being knowledgeable in cryptocurrency trading is certainly an advantage, especially if you timely buy or sell the coins your gonna buy or sell it. Perhaps, 5000$ in a month could possible more than it.

earning $5000/month from trading for those who have good trading skills is easy.  I have a friend who is able to make that much money per month from trading.  basically, you have to walk gradually to be able to make that much money from trading..
first, collect your experience and knowledge in trading then you are ready to make that much money..

[checkmatesir]

It will be quite easy for every trader if he has that much amount of worth that you had mention in your post. But it also depends upon the trader himself that how can he manage it and how much he knows about day trading, because their are two different strategies day trading and long term investment. Both should be taken differently.