How to make money from Is it Reasonable to earn $150/day trading in the stock market on a $30,000 account?
How to make money from Is it Reasonable to earn $150/day trading in the stock market on a $30,000 account?
Is it Reasonable to earn $150/day trading in the stock market on a $30,000 account?
★ SUMMARY ★
Do you think it is reasonable to make $150 per day on a $30,000 account?
First of all, you need to understand that the better approach is to look at your earnings in a monthly basis rather than a daily basis. The reason I say this is because stocks trade differently day to day.
At certain days, you will make a minimal amount of money; in other days, you might make a lot more. You will even have losses on certain days or weeks.
However, if you are profitable each month, this shows sustainability. Because even if you have losses in one week or a couple of days, you can make those back up, if you’re looking at a month to month basis.
Most people look at earnings in terms of dollar value, the reason for this is because that’s how the world works; it is what we are aware of and how we use money in the real world.
However, it’s bad to look at absolute dollar figures when it comes to growing your account and growing your investments. That is because investments work more on a percentage basis rather than the absolute dollar figure.
Yes, you get an absolute dollar figure on your return, but if you’re making $100 on a $10 million account, that return is quite poor and pathetic. On the other hand, if you’re making $100 on a $300 investment, you’re really doing quite fantastic.
So when it comes to investing in the stock market, you want to start looking at thinking in terms of percentages and always try to improve your percentage of return.
If you want to make $150 a day and you trade 20 days a month, you’re looking to make about $3,000.
Making $3,000 with a $30,000 portfolio means a 10% return on your money each month. That’s a big reach when you’re talking about percentage of return. Getting this kind of results is possible for professionals that trade exceptionally well. Unfortunately, if you’re just getting started, more than likely, this is not something that’s realistic.
When we come back down to earth, depending on your experience, getting a 2% to 5% return a month is more realistic. So if you make a 3% return, for example, on a $30,000 account, that’s $900 per month.
That may not sound like a lot of money, but if you have an $800,000 account, and you make that same 3% return, that means you’ll be making $24,000 a month, which is fantastic. So the amount of money you can make really depends on your account size.
But don’t get discouraged. Learn how to trade well, focus on percentages, and worry about growing your account later.
Posted at: http://tradersfly.com/2016/11/150day-trading-on-30000-account/
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wonderful perspective
i love this shit….
i made 1400 today in 2 hours…………
Thank you – you definitely changed my perspective for the better.
very ez.
lol 0.5% a day? really xD
how peoples need a video on youtube for this? 😡
great video ! I awalys look in absolute money gain…now I have a new way thinking 🙂 thanks !
Retail traders with an average monthly return of 1 procent or more are exceptional.
It's very reasonable to make $150/day on a $30,000 account through scalping. However, I have a small trading account so I trade futures to bypass the pdt rule and it allows me to short stocks. With my trading account, I can buy 2-3 contracts and can average $150/day because each contract is $10-$12.50 (3x) per tick and the commission is about $9 round trip per contract.
Realistic. Very well put.
the moment you use the word "Trade" you gonna lose money because you'll run out of luck eventually. Rich people "Invest", they do not trade. They buy and hold. Idiots.
great channel man
if you are trading options, and your TIMING is right ,used stop losses, you can $150 per day on a $3000 Acc. Support and resistance levels ,I beleive, is the key to eliminating many false signals and help with timing.
i started off with 3000 and make about 200 and 400 dollars a day im now up 5900 in my first month. Is this considered good? Honest feedback will help thanks.
$150 a day on a $30,000 account?? Hmm. Assume that you trade 200 days a year. That's a gain of $30,000, or a 100% return from where you started. Sure, good luck with that. Let's say that you double up every year for 10 years (100% return): Year 1: $60,000 Year 2: $120,000 Year 3: $240,000 Year 4: $480,000 Year 5: $960,000 Year 6: $1,920,000 Year 7: $3,840,000 Year 8: $7,680,000 Year 9: $15,360,000 Year 10: $30,720,000. If it were so easy, we'd all be billionaires.
With all the new Cannabis stocks im doing 30% per week or about 5-8% per day
I average around 3-5% returns per month trading options. Ocassionally I will have an outlier 10% month. I rarely have a losing month and even then it's usually less than 1%. That aside, using futures, such as scalping s&p e-minis with a single contract, it's reasonable to expect to capture 3-points per day ($150) in gains, because there is almost always more than 3-points of range in a trading day. In fact most people shoot for 5-points. With a $30,000 account you could easily trade multiple contracts and make a few hundred per point. It all depends on your appetite for risk, because the leverage works both ways of course. I usually try to scalp only 1-2 points with a single contract, but only on days that show two sided action, as I always like to short. I don't play trends. If it is a fast down move, I will usually lock in at least 2-points and let it run a bit. Never had larger than a 10-point gain though ($500). But I am a digital nomad and live off about $500 a month, so I am not swinging for the fences. 1-point per day is $1000 per month in a month with 20 trading days. All my extra profits scalping get rolled into my options strategy. Back when I was still learning it was common to make $12,000 in a day with a $40,000 account, but also common to lose that much too, haha! I blew over $75,000 before I finally learned how to do it right. Now it's smooth sailing.
150 daily off of a 30k account seems really low.
Really instructional!
When people say they earn a certain amount per day or per month trading. Is this money that they have recieved as payment and have access to? Or is that just the amount of value their stock grows on a daily or monthly basis. Meaning they can't touch that money without actually selling the stock.
hey sasha i have over 100 k dollars how can i start or anybody advise me please i live in San Francisco
lol easily….
0.5% a day is more than reasonable
I typically make over $100 a day with a $4200 deposit into my Robinhood account. I've missed cashing out on profits of $500-700 on single trades this past week. That's what happens when you work 3rds and can't watch the market too closely.
Im a beginner trader and im averaging about $34/day with a $13,000 account . Would you consider this good , fair , bad or just plain terrible.
P.S I lost over $500 from my account yesterday ,
the market is so mean : (
amazing video thanks for that
Easy , you could happily make $500 per day with $10k in an account
That was some good insight on percentage terms.
MERCI SASHA
Keep selling options on bullish stocks on a weekly basis. Go for 1% to 1.5% a week. $30,000 * 1.5% = $450 per week. If you have $100,000, 1% a week is $1000. If you get assigned the stock, you can then sell covered calls and STILL get premiums. On earnings day, it's even more.
That average sounds about right. You can be up 10% for 10 years and on the 11th year you lose a bunch and averages out to be about 3-5%, and vice versa. If you play with fire enough, one day, you'll be burned. That's the same as trading.
So youre a so called "educator" but yet u cant teach people how to make money on such a small amount. I can teach anyone how to trade the S&P 500.