It is a New Year. You are wondering if you could use Day Trading as a consistent source of income.
The natural question is How Much Money Can You Make Day Trading in order to make a living as a trader.
I will show exactly what you can expect to make as a beginner day trader using my years of experience coaching traders who are making money day Trading with my proven system.
How Much Money Can You Really Make Day Trading?
I want to preface this article by sharing that I have been Day Trading since 2014.
during this time, I have learned the secret skills to be able to answer the question for you:
How Much Money Can You Make Day Trading?
Better yet, I have been teaching many traders from all over the world since 2017 on how to consistently make money day trading.
Therefore, the sum of these experiences is what gives me unique insights about this topic.
One Day trading strategy that I know can make you a lot of money is Options Day trading.
I have traded very high profit Options strategies that do not require a lot of money to start trading.
Then, you will be able to scale your investment so that you can make even more money day trading.
With such option trading strategies, you can start by making $100 per day, then scale it up to $500 per Day.
I like the $500 per day number because it turns into a six-figure income annually which is a very respectable amount of money
to make a living Day Trading.
Check out my Twitter account @GangstaTrades.
Can I be frank with you 🙂 ?
Whoever you are, wherever you are reading this content from, do not let another day pass you by without taking ACTION.
As we are about to spring into a new year, many people will be making resolutions that will last a few weeks maybe a few months at best.
I strongly encourage you NOT to be one of those.
My purpose on writing this article is not just to satisfy someone curiosity.
No, not at all.
My aim is to show How much money you can make Day Trading so that you can be on your way to making it as a successful Day trader in months or years to come.
That journey begins right now, right here, Today!
My Account is not Big Enough for Day Trading?
One of the concerns many traders have is about the size of their trading account or their initial trading account.
Let me put your mind at ease about not having a big enough account for Day Trading.
The truth is that you do NOT need $25,000 to start Day Trading.
Furthermore, your success at Day trading is not proportional to the size of your trading account.
You can perfectly Day Trade with $200, $500, $1000 or more.
Read this in-depth article on How much money you need to Day Trade with numerous examples of trades I have taken with very few dollars.
How Do Day Traders Make Money?
In Day Trading, we (traders) take advantage of daily short term price fluctuations to make money.
This means that there are always plenty of opportunities each day to take advantage of.
Which implies that the amount of money you can make day trading is proportional to those opportunities and how well you can take advantage of them.
Since I am preparing to this business of Day Trading (I was very serious in my preface), let me provide some easy lingo around day trading.
|Duration of A Trade
|A Few Minutes to an hour
|A few Hours During the Same Day
|One Day Carrying overnight
|More than a Few Months
Why Do you Want to do Day Trading?
Most traders I come across want to find another way to making money.
Instead of the old model, go to school, learn a profession and get a 9 to 5 job until you retire.
More and more people especially since 2020 are turning into the market to make money for a living.
Whatever your specific reason may be, I want you to write it down somewhere.
Then, re-affirm it each day until it is so drained into your mind you will not be weary of the sacrifices that are needed along the way to making money Day Trading.
What Percentage of Day Traders Make Good Money?
I created a Discord Room just for the purpose of goal settings for Day Trading.
Inside of this channel. traders share (if they want) what is their reason for Day Trading and more importantly how much money they would like to get out of this business.
Then, I also ask them what are the willing to do to get those results.
A famous quote by Napoleon Hill famous “Think and Grow Rich” serves as the catalyst for us.
Whatever The Mind of a Man Can Conceive and Believe It Can AchieveNapoleon Hill
Why is it important to set clear goals in order to make money Day Trading?
Because this is very tough business and very few traders make money consistently.
Several published reports over the years suggest less than 3% of Day traders make consistent living off their craft.
My own personal experience supports these statistics.
I have been running a Discord room since 2020.
Even with a relatively limited number of samples, the percentage of traders who are successful is in the range of 5-10%.
Master Easy yet Profitable Strategies like the “No Wahala” that requires only 5 minutes each week on Thursdays!
My YouTube Video Summary on How Much Money Can You Make Day TradingI I
How Do Successful Day Traders Make Money?
You may be wondering How do Day Traders make money?
First and foremost, they treat day trading as a business.
While many consider day trading as a side hustle to get extra money from time to time,
very few take a different approach.
As such, we see a huge disparity in individual performance results.
Let’s me then ask you this:
Do you know of any serious business that stay afloat without a business plan?
Yet, how come so many prospective Day traders continue to improvise without a proper plan on how to make money Day Trading.
Therefore, if you are serious in 2022 and beyond about making money Day trading, I strongly encourage you to first come up with a plan on how you will be making money consistently with your business.
How Much Money Can You Make Day Trading: Crypto vs Stocks vs Options
The amount of money you make in Day Trading can vary based on the investment class you choose.
Over the next sections, we will scrutinize Day trading Cryptocurrencies, stocks and Options.
How Much Money Can You Make Day Trading Crypto?
Crypto are very volatile. Opportunities for those who want to DayTrade Crypto are abundant.
I recently started this experiment with coaching a beginner trader on buying Shiba inu coin on Webull.
The trader was able to make a quick 25% return in just a few days.
In fact, that run was over the course of one evening.
The challenge is that it trades 24 hours per day non-stop which means that you will have to be very organized to catch any bullish run to trade.
It is definitely feasible as more and more people realize that a regular job consists of trading their free time for a pay check.
Depending on the size of that weekly check, many are diving into Day Trading Crypto.
Profit can come quite quickly as shown by recent online stories of Shibu millionaires.
Making Money Day Trading Stocks
Can you make money day trading stocks?
It is the perennial questions for those beginner traders who are starting their trading careers.
The concept is quite simple.
Identify stocks on a daily basis that are running up.
Buy these stocks and make money day trading.
I know a great deal of Day traders make money day trading penny stocks.
If you are one of them, there is my article on how to use Finviz for penny stocks.
Penny stocks are very attractive in Day Trading because Daily percentage gains on these stocks can be very rewarding.
I have seen numbers from 20% to over 100%.
Imagine you are able to grow your investment even 10-15% consistently per day.
How Much Can $1000 Grow Day Trading
Let’s assume you are making 10% Per Day trading with an initial capital investment of $1000.
The Table below capture your Day Trading Profit after 5 weeks.
|How Much Money Can You AMke Day Trading with $1000 To Start with ?
|Cumulative Day Trading Gains
After four week or a month, you will be able to make over $4000 !
This is quite a successful way to make money Day Trading stocks.
Penny stocks are not the only stocks to provide such opportunities.
I know traders who have been able to trade TSLA stocks in a similar manner and make big money.
If not TSLA stock, how about other meme stocks like AMC or GME.
I made this video to help you identify other similar opportunities with a very easy scanner.
The barrier to entry for making good Money Day Trading certain stocks is insufficient capital.
Hence, beginner traders always ask the following question :
How much money does one need to Day trade successfully?
You can trade Crypto and stocks nowadays with fractional shares to help grow your account.
Then later on as your trading balance account increases, you will be able to invest more money.
Still to date not all trading platforms offer fractional trading.
Robinhood and Webull are the two first ones to offer this feature in the US stock market.
Many others are bound to follow in the upcoming years.
Making Money Day Trading Options in 2022 and Beyond
If there is one instrument you can make a lot of money day trading, it is Options trading.
I have been Day trading and coaching others day trade options for many years now.
The advantages of Day Trading options over other instruments such stocks as crypto are:
- You Do Not Need Big Money to Make Big Money – My YouTube channel is full of 1000% Winners where traders have turned $10 into$1000
- You Can Make Money Day Trading Even When the Market is Down – Puts Options Enable to Do So
- You Can Make Money Day Trading with both Calls and Puts – Technical Analysis comes in handy
Some traders have shared with me some of the limitations that have hindered them in making money day trading options.
Hence, I am providing in the table below my grading on which trading platforms fit best for different types of day trading investments.
|Day Trading Crypto
|Day Trading Stocks
|Day Trading Options
|C (Too Many Restrictions)
|B (Some Restrictions)
How Much Money Do Options Traders Make?
The best way for me to show you how much money you can make Day Trading is to show you what many traders are doing in my discord Channel.
Some of these are beginner traders meaning that you who is reading this could be making similar money in the near future with the proper training.
Here is the slideshow depicting how much money you can make day trading options with my proven 10-Baggers Trading strategies.
Simple Model on How Much you Can Make Day trading Options
Let’s make this as real as possible.
The reason I like options trading is that with a good focus on high probabilities strategies I tech, you can generate consistent revenue very quickly.
Furthermore, I should add that the reason I prefer options trading to crypto and stocks is that the barrier to entry is not high at all.
Let’s simulate that you Risk $1000 day trading options each day with the goal of getting 50% profit.
That target is quite conservative for my 10-Baggers Trading system.
In the table below, I will provide 2 different daily target goals: one at 50% and the other at 100%.
|$1000 Daily Risk
|Profit per Day
|Target : 50% per day
|Target: 100% per day
Is $100,000 a year Day Trading Reachable?
From the above table, a six-figure yearly income is definitely reachable with a consistent strategy.
In my most conservative assumption, the daily average profit is something I have seen.
This does not mean that you will not have a losing day.
The secret is to respect your stop loss and trade highly profitable setups.
There will be days where you will make way more than the expected $500 to offset the losing days.
Should you not be fully convinced by the above slideshow, I mentioned earlier how I have been recording our options trading success stories on YouTube and social media.
Our watchlsit of #Options was shared last Thu on our live #daytrading and we have had major gains since include 5000% today on $Roku Puts#stocks #stockoptions #SPY #QQQ #IWM #optionstradingforbeginners #investing https://t.co/e6Op1K15Wx pic.twitter.com/hFs8SlfliI— Successful Tradings (@GangstaTrades) November 17, 2021
FINAL THOUGHTS ON HOW MUCH CAN YOU MAKE DAY TRADING
I am an Expert at Day trading Options for Living and I coach traders on how to Make Money consistently Day Trading.
You can make a great deal of money Day trading stocks or Options, but it is important to take the proper steps into establishing this activity as a business.
Sometimes, the gains can appear unreal.
I invite to start 2022 on the right side to get you a step closer to Making Money Day Trading.
Master Easy yet Profitable Strategies like the “No Wahala” that requires only 5 minutes each week on Thursdays!
Hold a Master Degree in Electrical engineering from Texas A&M University.
African born – French Raised and US matured who speak 5 languages.
Active Stock Options Trader and Coach since 2014.
Most Swing Trade weekly Options and Specialize in 10-Baggers !
YouTube Channel: https://www.youtube.com/c/SuccessfulTradings
Other Website: https://237answersblog.com/