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

[pelumi20]

It is definitely possible to make $5,000 trading (even more) and it is also possible to lose everything. The deciding factor whether you will make profit or suffer huge losses is your trading ability. You cannot just expect to get into crypto trading and start making money right off the bat. You need to learn first before you even think of earning from the market.

[Cornia]

Trading depends a lot on your experience and luck. If you are a skilled trader then $15000 is a good starting money to make profit of $5000 per month. And if you are lucky, you can earn more than $5000.

[Rehan Zakir]

Yes brother it is possible. In trading you can earn as much as you can. But it all depends upon your skills and investment. If you have a good investment and good technical analysis skills. Then start trading and earn money. Trading is not a game. Take it as a business. And in business there is no limitation for earning. Grow your business and grow your earnings. And earn money as much as you can. Your skills will help you to make money. So, work on your skills. Learn better and earn better.

[mksundip]

$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.

skill is the most important and most influencing to get profit. I think the most important thing is to improve your trading skills. if it is fulfilled everything will be easy to get profit as desired by traders.

[dustboy]

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.

The question is to make $5,000 in a month, not in a day. With your calculation, you will make $150,000 in a month. If the target is to make $5,000 in a month and if you use 1% per day, you should make a profit of $167 daily means that you have to start with only $17,000.

The big question, is it possible to earn 1% every day in a month without any single loss?

[Mpamaegbu]

With your start up capital of $15,000 your target is achievable but that will be based on certain values which I like to tag, "the trading set skills". It's more important to master the act of trading than splashing cash on an account. Again, you may want to make a pick from selected few cryptos and not attempt to trade any one you find trending so as not to lose focus.

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.

Yes, that's a good angle and analysis to see it from. But OP is a day trader and not a hodler. Even if they had bought Bitcoin at hat level I ain't sure he would've gone all out on Bitcoin and bought a whole. Day traders like to split their trades into several pairs. Secondly, if OP had bought a whole they wouldn't have hedl it to the $49,000 level. Day traders don't have the patience of hodlers. They sell and buy too quick.

[Tumanggor]

do you still remember the wise phrase = "nothing is impossible"
Earning $5000/month with daily trading is easy if you master trading well and have good emotional control

but to get to $5000/month with daily trading you have to experience and struggle which will certainly be very heavy
if you back off when you are just starting or are still in the middle then it's useless

[Pamadar]

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.

If that the case, achieving the goal is very difficult, if there's no other sources taking the big risk for higher possible result might not be prioritize, though it's possible if you already have the strategy or system that will serve as pattern fr your daily quest. The market is an open venue as everything that you'll going to plan and execute will turn either favor or against you. Such kind of limitations needs also a consideration in planning this target outcome.

Trading depends a lot on your experience and luck. If you are a skilled trader then $15000 is a good starting money to make profit of $5000 per month. And if you are lucky, you can earn more than $5000.

Depending to how good your understanding and what kind of experienced you already have, part of this business is also luck as finding the right asset to use as your token for your investment not only relying with supply and demand but also with perfect timing and good luck that will back your investment up to achieve your monthly target.

[Emitdama]

The question is to make $5,000 in a month, not in a day. With your calculation, you will make $150,000 in a month. If the target is to make $5,000 in a month and if you use 1% per day, you should make a profit of $167 daily means that you have to start with only $17,000.

The big question, is it possible to earn 1% every day in a month without any single loss?

This is one million dollar question because no one can give you perfect prediction about this you need some very good skill and very good knowledge of trading but with this all luck is also very important because with these things you can't able to do any good thing and not able to have any profit.

OP is just a beginner most chances he will lose his all capital because he needs something extraordinary for this income which he is need monthly better he needs some good education about this otherwise he can lose all because it's happen with many they lost their all funds just in few days as they are going to take risk like this.

[blockman]

Earning $5000/month with daily trading is easy if you master trading well and have good emotional control

No, it's not easy. Even if you master trading, you'll still have losing days and can even go like a streak. What's easy is that we can say it easily that it's easy to make money from trading. But if you apply it to your own and even you've become a master of it, you'll still have some red days for sure. The possibility is a yes but going through the process of it might make you quit because the reality is that it's not actually easy as you think and like the usual reaction, "easily said than done".

[Fatunad]

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).

1. There would be no fix net income with trading, it all depends on how you do trade or how well you do play with volatiility.
2. Something that not everybody would able to take good grasp of it.
3. You should prepare in case you do lost
4. When it comes to bankroll or capital then it would really vary from time to time on each person.
5. Easy to say but would really be that hard. Focus on what coins you can handle on.

[martina14]

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 is very possible to earn that here in cryptocurrency dude. But that's not easy to get it, I am not discouraging you huh. I am just stating the fact here as an individual traders in crypto space. Because to gain that amount of money, you should have a high understanding in reading the chart or graph in the exchange, know the risk management as well, and of course you supposed to have a skill too.

[zaesvlas]

For some reason, everyone thinks that trading can only make money. Guys, do not forget that this is a risk, and in addition to profit, you can also get losses, and for this you should not forget.

[ZaraCB]

For some reason, everyone thinks that trading can only make money. Guys, do not forget that this is a risk, and in addition to profit, you can also get losses, and for this you should not forget.

You are absolutely right. We forget that trading is a game of luck. Not only profit here, you may loose part of your capital or total capital.
Whatever it is, it is possible to earn $5k profit per month by investing $15k. That’s why you need both experience and luck.

[goldkingcoiner]

So let me tell you a short story of the future. I like to call it "its obviously going to happen to you". First of all, daytrading? Thats not something just anyone can do. People study this stuff for decades and still can't accurately predict the market and lose all their money over 1 bad trade. So don't do it. You should look more into actually investing instead of putting all your eggs into one basket.

[jerry0]

How hard would it be to do this if you are limited to a few exchanges only such as


Coinbasepro
Gemini

FTX



Asking this due to country restriction.



This would make it much harder for people?  Such as if you don't have access to either binance etc.

[Phrahm]

Of course, any limitation of yourself is always inconvenient, especially when it comes to the exchange.

[Cookdata]

I believe with good volatility, it is possible to make that target within a month. If you are the lucky type that trade assets that get attention on big exchanges, you only need 30% of $15,000 to make that amount under a short period of time and before you know, you are already a making huge amount of money.
Another advice is that, stay away from futures, it is one of the fastest way to get profit but the damage it will result if your trade do the opposite will dissapoint you.

[ZaraCB]

Of course you can make a profit of $5000 monthly by investing $15k. But it will depend on your trading strategy and coins you choose to trade. You need to find highly potential coins. For this you have to observe the market very well.

[jerry0]

I just took a look and shiba inu is almost double the price this week.  So if someone put in 50000 dollars and then after a week, well they are up almost double the amount.