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

[V-t.Ester]

Theoretically it’s possible to make 5000$ from 15000$. However it’s necessary to remember that on practice whatever can happen. Even experienced and skillful trader can suddenly bankrupt because of small error.

5) Trading all crypto (not just btc).

It’s quit hard to monitor all crypto. My oppinion, that it's better to divide capital between the most profitable coins (like BTC, ETH, BNB) and pay the most attention to trading them. This will bring more profit then trading lots of shit coins together.

[binanceautotrader]

I make 20% of my initial investment per month. I Use a APP/BOT to do all my Trading inside Binance. I've be looking for this Bot for 3 years!!
It trades only in USDTether. Now Im trading ALL at the same time: ETH, BTC, BNB, SHIB, EOS, UNI, MATIC, XLM, ADA, XRP.

It woks really good. I use 1% profit margin, so it makes about 50-100 Trades in one day and never stops. Working 24/7. I don't mind if the coins are goin up or down anymore. All Pre setup to be automatic.

Good luck on your trades!!!

[Hippocampus]

The amount you mentioned in the post will be quite nice and achievable for your target of $5,000 a month. As it is a possible amount and even i can say you can get a profit more than the amount you mentioned for a month. I'm also a day trader and since i have small capital but i also earn a lot from that small capital too.

I personally think this is a very difficult thing, involving psychological, technical, and market conditions. Do you have any good investment strategies you can share?

[MIner1448]

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 possible to earn $ 5,000 with such an amount on spot trading per month, if you devote at least 8 hours a day to trading and if you are lucky when the market is volatile enough, you can really earn such an amount on futures, for example, it is definitely possible there, but the risks of course great, lose your entire deposit ....

[Sweetbtc]

You can  but sometimes it will be difficult in this volatile market that when it goes down then it will definitely be a problem for the day traders, because day traders didn't have that much time to stable again and wait for the coins too much. And i want to say one thing that it will be easy for you if you going with some strategic best rules for yourself.

[Benefactor]

Market development rate so you know what's going on and ultimately remember to keep refreshed with news also on the grounds that it generally impact the market execution. It is smarter to have a stop misfortune and take benefit again dealer is the clash of the psychological and enthusiastic state on the off chance that you previously losing or taking benefit to deal with the danger don't get an excessive amount of ravenous or confident.

[SirLancelot]

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).

Everyone talked about their feelings on the subject, everyone said basically the same thing, it is "possible" but it is improbable and there are better ways. I would like to add something a lot better; staking. If you are staking in cake, that means all you need is around 60k instead of 15k, and you could basically make 5k per month that way. I know that’s just one example and it may not yield the same APR forever, it could go up and down, but that type of thing could be the method that is the least risky method.

I would rather stake my cakes then start trading something and it would definitely be a lot more profitable in the long run. If you pick something useless and stake that, then you will end up losing a lot of money when the price goes down, but if you pick something like uni, or cake or anything like that then you will be getting less risk.

[LUCKMCFLY]

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).

Yes it can, but I do not know what style of trading it handles, in my case to handle that type of capital I would distribute it 75% only to BTC and the other 25% I would distribute it in the alts market and some NFTs . Above all, I would do a good study for the NFTs that are exploiting with great success.

Of course, you have to be very careful to know how to choose the NFT projects to follow, some quickly become scams, as happened in 2017 with the ICOs, there was a lot of investment at that time and some failed projects that were not very relevant, and some that are still standing right now. It is also necessary to highlight what you want to achieve, whether to speculate in the market or simply go down the investment path, which is very different, and that other premises are taken into account.

[MusaMohamed]

Yes it can, but I do not know what style of trading it handles, in my case to handle that type of capital I would distribute it 75% only to BTC and the other 25% I would distribute it in the alts market and some NFTs . Above all, I would do a good study for the NFTs that are exploiting with great success.

Trading is risky and indicate a monthly profit target is riskier because it will cause pressure. If you get less than $5000 profit, you will try to get it that will make bad decisions.

And $5000 monthly profit bases on how much a capital is?

Of course, you have to be very careful to know how to choose the NFT projects to follow, some quickly become scams, as happened in 2017 with the ICOs, there was a lot of investment at that time and some failed projects that were not very relevant, and some that are still standing right now. It is also necessary to highlight what you want to achieve, whether to speculate in the market or simply go down the investment path, which is very different, and that other premises are taken into account.

I think NFT projects are risky and I don't support the idea to invest in NFT projects. Polkadot is better than NFT because it is a project that builds up a platform for other projects. It is like Ethereum, Binance Smart Chain, Solana.

Polkadot with the success of its Kusama blockchain, looks to be very promising when its main net is officially launched.

[lalabotax]

*4) Starting with $15,000.

With this high capital, you should be able to do that, getting around $5k profits from trading.
But, you must also remember several things:
- Have you also thought about the risks if you may lose some of your money?
- Have you learned exactly what is trading, the analysis, and also coins to trade better?
- Have you know how to have good management of your funds and emotion?

[blockman]

You can  but sometimes it will be difficult in this volatile market that when it goes down then it will definitely be a problem for the day traders,

Traders can adapt if the market goes down. There's still a way to profit on that scenario but it will be depending on how good trader they are.

because day traders didn't have that much time to stable again and wait for the coins too much. And i want to say one thing that it will be easy for you if you going with some strategic best rules for yourself.

They have a lot of time and that's why they're called day traders because they're focusing with the market and with their traders. Someone goals for a certain profit a month. He can even achieve more with that goal if he's doing better and if he's knowledgeable about the market and knows how to do technical analysis and fundamental analysis.

[Pom_bensin]

...

You are a beginners, there is a chance of 95% or more that you may lose the $15000 than gain, you are a beginners, you will need to first learn how to trade, no other ways after you have known analyses than to use very small amount of money, you can start with $100 or less and see how it goes. I will advice you to wait for the market to dump and invest $15000 instead of trading it, day traders can lose all their trading capital in just a week even in just a day, try to start patiently and be carefully, have good money management.

this is the expectation of beginners. he always uses imagination not reality on the ground. $15K capital beginners always think about profit. however, they do not think about downside risks and losses. I think this should really be considered by beginners so as not to get caught up in self-confidence before the action

[Kittygalore]

If you have a big capital and you are good at trading which is hard to then probably you will be able to make those numbers easily although depending on the capital, you might be able to do more than that in a month.

[Pamadar]

...

You are a beginners, there is a chance of 95% or more that you may lose the $15000 than gain, you are a beginners, you will need to first learn how to trade, no other ways after you have known analyses than to use very small amount of money, you can start with $100 or less and see how it goes. I will advice you to wait for the market to dump and invest $15000 instead of trading it, day traders can lose all their trading capital in just a week even in just a day, try to start patiently and be carefully, have good money management.

this is the expectation of beginners. he always uses imagination not reality on the ground. $15K capital beginners always think about profit. however, they do not think about downside risks and losses. I think this should really be considered by beginners so as not to get caught up in self-confidence before the action

Taking everything into consideration and balance well before taking any steps would help beginners to avoid losing inside this investment.

Only concern with profits and not to think about possible risk is mostly the misconceptions, and most of the time
It leads most newbies to instead of earning money; they lose it in the process. Trading is not always positive there's
also mistake and wrong decision making, but if you are aware and you know how to adjust and work harder,
any amount is possible to earn while you are in this market.

If you have a big capital and you are good at trading which is hard to then probably you will be able to make those numbers easily although depending on the capital, you might be able to do more than that in a month.

Depends on your capabilities, each traders have their skills and knowledge if you have that good understanding
to this business, there are always possibilities to earn the amount that you are aiming to achieve.

[Renampun]

...

it is very difficult to determine what is the right amount so that you can make $5000/month from trading...

in theory, you can make $ 5000/month even with a capital of $ 100 if you are very precise in selling/buying. trading does not give a definite income so but if you set a target at $ 5000 then your chances of getting it will be great as long as you are always right.

[LUCKMCFLY]

Yes it can, but I do not know what style of trading it handles, in my case to handle that type of capital I would distribute it 75% only to BTC and the other 25% I would distribute it in the alts market and some NFTs . Above all, I would do a good study for the NFTs that are exploiting with great success.

Trading is risky and indicate a monthly profit target is riskier because it will cause pressure. If you get less than $5000 profit, you will try to get it that will make bad decisions.

And $5000 monthly profit bases on how much a capital is?

Of course, you have to be very careful to know how to choose the NFT projects to follow, some quickly become scams, as happened in 2017 with the ICOs, there was a lot of investment at that time and some failed projects that were not very relevant, and some that are still standing right now. It is also necessary to highlight what you want to achieve, whether to speculate in the market or simply go down the investment path, which is very different, and that other premises are taken into account.

I think NFT projects are risky and I don't support the idea to invest in NFT projects. Polkadot is better than NFT because it is a project that builds up a platform for other projects. It is like Ethereum, Binance Smart Chain, Solana.

Polkadot with the success of its Kusama blockchain, looks to be very promising when its main net is officially launched.

You are right, although for all that I have been seeing especially on social networks, a lot of money is being directed towards NFT games, such is the case of Axie Infinity, Plant vs Undead, among others, of course following some news of these games have made updates where the people who play are not having as much profitability, but many earn money entering the pre-sales, the public sale phase and at the time of launching the game, that is where everything that has to do with staking comes in, Among others, these are the things that I mean, of course they are not very safe things, but boy are many making money with that.

[TheUltraElite]

it is very difficult to determine what is the right amount so that you can make $5000/month from trading...

Theoretically it is possible. Practically it is difficult but not impossible..

in theory, you can make $ 5000/month even with a capital of $ 100 if you are very precise in selling/buying. trading does not give a definite income so but if you set a target at $ 5000 then your chances of getting it will be great as long as you are always right.

I believe the OP has got their answer. With any capital one can start trading, the only thing is that a bigger starting capital means a bigger proportional return. That should not dissuade small-cap investors to move away though.

But a fixed amount might not be logically correct to declare from the start. One can make a lot or none depending on what coin they buy and at time or price they buy at. Here the important keys words should be kept in mind for the OP. Joining at the wrong price or time is devastating.

You can  but sometimes it will be difficult in this volatile market that when it goes down then it will definitely be a problem for the day traders, because day traders didn't have that much time to stable again and wait for the coins too much. And i want to say one thing that it will be easy for you if you going with some strategic best rules for yourself.

For starters, day trading is a wrong step. Without prior day trading experience in the stock market or so, they will likely get washed out.

[Strongkored]

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

this means that this will be your only income to meet all the necessities of life, right?
The pressure will be even greater, especially if the funds you use are all the money you have, there are no other reserve funds.
$5,000/month maybe can, but you will definitely go through some mistakes first to finally find the right formula to achieve that.

[bitcoinst]

Quite, but everyone will forget to depend on your deposit.
For example, in order for it to be 1% of your deposit, and you could make 1% per day, which will be equal to $ 5,000, $ 500,000 will be enough for you to feel comfortable.

[riso2015]

everything can happen , but there is no accuracy of how many percent can be sure . Maybe you should make a daily target in balance with a good coin analysis for your daily trading . Create the risk of loss that you can face. Most importantly your skills that must be improved every day. All possibilities can happen. Do not worry.