Is it possible to make $5,000 a month day trading?
Is it possible to make $5,000 a month day trading?
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).
Crypto trading earnings will be quite irratic I think. There’s going to be no % accuracy you can bet on earning repeatedly.
I’d say, trading forex or stocks at the moment you might be able to make ~1.5% a week without much risk but there’s the problem of that becoming less volatile too after the pandemic and not doing so well – and finding a strategy that can reach that. You’d need a lot more additional capital for both strategies though too… (you’re probably better off just holding stocks).