Is it possible to make $1000/day by day trading?

>1% of 1 million dollars is $1000

1% on a 100k stack
5% swing trades or margin prolly

This. With a modest 5x leverage, you only need to catch a 1% shift, which btc regularly does

>buy the dip
>drops 10% straight off the cliff

1000 a day is easy, if you are trading with 10k. 10% trade = 1k or doing a few 3% or 4% trades.

My mom averages 5k a day swing trading but she's got like an 800k stack

>a 10% trade is easy

thx for the tip, gordon gecko

just do a 10% bro

Yeah just as easy to lose $1000/day

Not true
More like 20-30 k starting, never have more than 25% on the line in one trade

>what are stoplosses?
>what is r/r?
If there was a way to make 1k online per day with no downside, everyone would do it

good luck getting continually raped by stop losses

If you actually buy the dip after it already fell 5% or more, it would be exceedingly rare for it to fall another 10% outside of a crash event like we had in Jan. 5x lev protects you from larger moves, and besides, you should always have a stop loss above or below the prior pivot point’s wick, and accept no more than a 5% loss on the stack you’re trading.

If you actually always buy dips and short tops you WILL win more than you lose. People get fucked because they end up not being consistent.

25% lol. Enjoy getting raped. If you want to trade properly, dont risk more than 1 or 2%. Especially in daytrading, you should risk less.

Learn how to set proper stop losses retard. This is like 95% the difference between profitable traders and dumbasses that end up thinking “FUCK STOP LOSSES” and sit there to watch their stack get liquidated.

It actually is pretty piss easy if you are experienced with the charts. These daily 20-40% gains have numbed me so much that hodling crypto for 10 percent increase in a 2 week span seems pretty boring.

your post made no sense and hurt my brain, kys

Note: This doesn’t mean trade with less than 2% of your stack, it means set a stop loss such that if it triggers, you lose no more than that percentage.

This also makes you disciplined to wait for proper entries so that the under 5% move won’t just be a random wick, but a true change in direction so the stop works as intended.

>stop loss gets hit
>instantly pumps 5%
How do you deal with those?

What do you trade though, low marketcaps?

are you guys leverage trading or are you just trading shitcoins on binance? how do you know what coins to trade out of thousands?

you just deal with it

lol what a pussy

>if you invested in 2011 you'd be a multimillionaire
>how do you deal with this?
You can't mull over the choices you only know about with hindsight, you'll drive yourself crazy
You took 100% of the chances you took and that's enough.

fake to give normie traders the felling that they can make it somehow.

You accept it, because when you set your stop losses properly that should be a rare occurrence, and you win more than you lose.

Of course you’ll lose trades, that’s not the point.

Learn about stophunts and how to avoid them.
They happen before breakouts, and really easy to spot and avoid them. Before learning it, I was also the case of fcking stops triggered and then turning my way.

I turned 1000 to over 500k and lost 95% 4 times already in the past 2 years

The pro tip is to use like 25%-50% of your stack with tight SL
The regular advice traders give you of use just 10% is bullshit

You realize what a retarded statement that is, don't you? Nevermind, you probably don't.

>stack size is only roughly equal to her "average" gains for a year

wrong, kiddo

>everyone would do it

good goy

There are a lot of day traders doing $1k+/day on average. ALL of them have 25k (minimum for margin account day trader) plus a healthy cushion and most keep $100k-$200k in their day trading account. They've read about and watched markets for years if not decades and in the top 1% in terms of both intelligence and emotional composure.

Probably not you. But one can dream.

how are you guys doing stop losses?
Which exchanges offer those? i like Gdax because low to no fees but no stop loss as far as i can tell

Here's a good chart for you to look at before you convince more people to lose their life savings

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Yeah pretty easily but you can lose 1k even easier
It takes awhile to gain the stomach to work with thst

is there a youtube video that explains all this stuff?

How you do this?

Hi all,
Been lurking this board for a long time, and let me tell you; do not listen to this fucking asshat who's telling you about how great it is to day trade.
I Lost Everything, because this waste of life, or someone just like him, wrote a post just like this 7 months ago.
The first worst thing is that I made 3k almost instantly, and proceeded to lose that, and then my life savings over the next few months.
I kept telling myself I just wanted to make my money back, or that I'd 200x my money again.

No, because that's what shit heads like this guy want, they want more idiots in the market so they can fuck them over.
Ask yourself this: do you really think that you are smarter than all these other people who lose out? I thought that, and I like to think I had a good reason to.
You know what pain is, anons? It's looking at your paycheck and knowing you can only eat ramen until you get your next one.

People trying to shill day trading should be crucified for public spectacles.

I'm not arguing that people here should encourage others to day trade as most will lose their whole stack pretty soon, but can you explain how that chart relates to the comment you referenced?

The left column is your winning trade %

The chart shows the probability of your losing streak. And if your R/R isn't adjusted based on your trading performance, you're going to lose your whole stack fast

pic related

Attached: timQRWs.png (1352x948, 22K)

Actual trading is about logic, not proving you have "balls". Stop being a child led around by your emotions like a beta faggot.

This post makes your statement better. I understand the chart but if you bet a percentage of your stack, then you will never completely lose your stack. If you further limit your potential loss with a tight sl as he points out, then you will lose your money even slower. Like you mentioned now, you need to bring more things into the equation than the win probability alone. Now considering again your first chart, I think that it's fairly useless for most people anyway as they have no consistent system to trade. Their win rate will fluctuate a lot and it will probably be very bad overall. If you would have a consistent system, then you could likely use ridiculously large positions in order to optimize your account growth. Probably much larger then you could handle mentally (which would ruin your consistent system again anyway). There are better arguments against day trading than this chart.

if you wanna trade, go for it. one thing is certain: as a trader, losing trades are inevitable. learn from it. journal EVERYTHING about your setups and trades. find the common thread that links your winners AND your losers. bless.

no way

Minimum margin requireent is 25K if you want to daytrade, and you need to be way above that, with at least 10K to give you some breathing room to make trades and take losses.
Also, day trading is not what it used to be 10 years ago. A trader is a slave to volatility.
Algo trading and liquidity killed it, you wont be scalping, you wont be doing quick 100 pips and call it a day.

Playing with paper money on demo accounts doesnt prepare you for the emotional rollercoster that comes with doing it for real.
You also need to find a reputable broker that doesnt actively and deliberately fucks you out from positions.
Protip: bitmex is not one of them.

Also, industry rule:90/90/90
90 of retail traders lose 90 % of their account ion 90 days. Retail traders lose 9 times out of 10.
Investment banks win ration is 9 winner days out of 10. Look at Goldman Sachs filed 10 k data.There is a whole industry built to channel dumb money to Investment Banks, Hedge Funds.

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to do it safely you would need atleast 1mil. and even then 1k consistently isnt safe. but if your patient and dont overtrade and not get greedy, you can easily average 1k a day with 1mil and some general knowledge

Respect his digits you fucking faggot.
He was telling you the size of your bankroll so that you can day trade without having to take huge risks

true, what a dick move

you open your peanut brain by looking at the bigger picture.

I know this feel

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retard

>more like 20-30k
>never have more than 25% on the line
Yeah, so few bad trades in a row, which happen from time to times, more so if you are beginner will completely fuck up your account, your state of mind, your physical fortitude. This is the surest way to mental breakdown.

Dont daytrade but go long on stocks for a long period and just invest in companies you like. Enjoy high divident yields and sell whenever you need

Yes, but you should be aware of the dangers and that you can lose all of your money.

Prove it.
retard believing everything he reads on Jow Forums

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No one has ever lost money trading stocks besides maybe that one guy.

That picture is amazing. That's like a new car in the closet kek.

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Yes it is.

holy fuck the jealous ass haters and fucking commie losers like these guys in this thread holy fucking shit.. humans are vile creatures.. ENVY is a hell of a fucking thing LOL. It's the same shit as socialism and marxism! REeeeeee I MADE A BAD DECISION REEEEeee WE NEED TO TAKE TEH MONEY FROM THE RICH PEOPLE REeeeeee!

YOU FUCKS DESERVE TO LOSE YOUR FUCKING MONEY HAHAHHAHAHAHAHAHA (BREATHS IN) HAHAHAHHAHAHAHAHA

IF YOU ARE WILLING TO BLAME SOMEONE ELSE FOR YOUR OWN FAILURES YOU DESERVE TO GIVE ALL YOUR DAMN MONEY TO ME MOTHER FUCKER!

JUST MADE A 2 PERCENT SCALP ON EOS.. SUCK MY DICK YOU FUCKING LEFTIST CRYBABY LOSER IDIOTS!

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So you are the final result of all that money wasted on common core math. 1% of a million is $10,000 you nitwit

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i actually make 1k a day with a 10k idex day trading stack

Go long on normal stocks

The comments... I thought that a board dedicated to finances would have a slightly higher IQ than trash boards like Jow Forums or /b/

>cant scalp

What the hell are you talking about? That strategy is more reliable than anything else and more adaptable to sophisticated markets?

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Sounds like you have a gambling problem.

Successful people usually don't have time to post on social media or anime image boards and don't want to distract themselves.

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One time I made about $3000 in one day.
But it was just one time, and i've being making

>Experience and 10,000 dollar if you are a maniac
I tried this way back and realised i was far from experienced. Now that i am i know better. Be careful kids, the bear is coming.