Is it Reasonable to earn $150/day trading in the stock market on a $30,000 account?
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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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The question should be: Is it possible to gain +0.5% ($30,000 + 0.5% = $150) in a single day regardless of the account dollar size? The answer is YES, and not only is it possible, it's pretty simple to accomplish with momentum trading.
Or… You could of spent all $30,000 on NBY (+1,000%) today (June 10th 2019) and made $300,000.
Why would you trade on day-to-day basis having one million? 😉
Question is: How the f**ck do you get to a 800,000 account?
Don’t forget to pay ur taxes kids . This is a casino
Took me 10 years and 100k of losses to finally make money. I only trade large caps and never hold over night. Trade the momentum for the day. Stay away from penny stocks and 3x etf's.
These videos are awesome. Thanks
i need to gain 19% in order to reach 25000.. lollll. Gained 4% today. Just need to repeat today 5 more times in a row… ahahahaha
All my friends think if he put 100$ into investment he expect to make 10000$ back in next years or they said "what the point of invest if you dont have money, may as well put it into casino and win another 100 or lottery to be millionare"
Lol That thumbnail.
Lol, if I couldn't make $150 a day on a $30,000.00 account I'd find something more lucrative to make money in.
You should pretty easily be able to make 30X that a day with a $30,000.00 account; considering the Xfactor that leverage adds, it would be pretty hard not to make money with a $30,000.00 account.
The difficult part is figuring out your niche, what works consistently for you in a way that you understand enough that you don't make a ton of execution mistakes and blow your account. Once the compounding effect kicks in it's a matter of finding new plays that fit your model and about sizing into them correctly; it's possible to earn your way right out of your current niche if you don't size properly or find plays that will allow you to trade with your expanding account size.
This only talks about gains but not loses
what a load of bs
Very realistic just trade smart not dumb and find and follow your technique. Also if you had 15,000 in your account with 1 percent growth a day you will earn 150 but the growth is exponential as well.
Sasha is a girl name
To Conor H: Trading is a game of chance: This is not a job and cannot guarantee himself a days pay each, or for that matter, many days.
Yall people think way too small smh
Stop thinking small and being secure
Take risks , trade bigger in a smart way
My goal long term is to make 50% annually, but for now I'm aiming for 25% annually. If you make 25% annually compounded, you multiply your starting money 90 fold in 20 years. 25% annually is half a percent a week, or a tenth of a percent a day. That's very manageable. A stock often moves 0.1% in the time it takes me to blink.
Now obviously you are still going to have to work the first few years until you can afford to live off your stock money(depending on how much you started with), but once you get past the start, the money you withdraw from your account becomes trivial, especially if you use margin. I personally have a bit over 25k(50k if I use margin), but I still need to work a full-time job(so I can't full-time day trade yet), and am just doing mostly swing trades, day trading on my days off. As time goes on I'll put whatever money I can save into my brokerage account until it gets large enough that I can live off. That's probably a good 3-4 years away though.
But it's a marathon, not a sprint. Unless something better comes along, I'm gonna be doing this for the next 40 years. I do think that a dedicated trader can beat the market for double annual gains, but it's going to be a bumpy ride that I'm not yet ready for. I'm taking it slow.
But isn't it true that these "profits" are technically not income– only if you sell off some shares do you get to make these profits liquid? And then by doing so you lower your overall position each time, right?
i made $ 418.00 an hour x 8 hour 😉
$150 a day with a $30k account. That means $150 • 20 trading days/month • 12 months = $36,000. So you more than double your money every year? Seems unrealistic. I have $1700 in a Robinhood account (commission free). Even if I get $1 a day, I’ll still get what equals to a 14% annual return on my money. What bank account gives you a 14% on your money?
inflation
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.
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.
MERCI SASHA
That was some good insight on percentage terms.
amazing video thanks for that
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 : (
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.