How to trade

How much money can you make day trading?


Making money day trading is possible, but it’s not as easy as some people think it is. A lot of hard work and dedication goes into becoming successful at day trading.

So, if you are willing to put in the time and effort you can make a lot of money day trading. What does it take to become a successful day trader, and how much money can you realistically expect to make?

Table of contents

  • The benefits of day trading
  • What you need to become a successful day trader
  • How much money can you realistically make day trading?

The benefits of day trading

Most people think of day traders as high-risk investors who are constantly buying and selling stocks in an attempt to make a quick profit. While there is certainly some truth to this stereotype, day trading can be a very effective way to earn a consistent income.

Day trading is a strategy that involves buying and selling stocks within the same day. Day traders typically cut their losses and let their winners run, leading to quick and profitable trades. This strategy can help avoid the risks associated with holding a stock for a long time. For example, a company may release bad news after the market closes, which would cause the stock price to drop dramatically overnight. By day trading, investors can avoid these risks by selling the stock as soon as the news is announced.

Also, day traders can avoid many of the fees that traditional investors pay, such as commission fees and account minimums. When you consider all of these factors, it’s easy to see why day trading has become so popular.

Of course, day trading is not without its risks, but those who are willing to take on a little extra risk may be rewarded with higher profits.

What you need to become a successful day trader

In order to become a successful day trader, there are several things you need.

First, you need to have a strong understanding of the market and how it works.

Then, you should constantly grow your competencies and experience to read charts and understand what they’re telling you about the market. You also need to have a good sense of risk management and a solid strategy.

Finally, you need to be patient and disciplined; day trading can be very stressful, and if you’re not careful you can easily make some costly mistakes.

With the right attitude, anyone can be a successful day trader.


How much money can you realistically make day trading?

Day trading has become increasingly popular in recent years, thanks to the growth of online brokerage platforms and mobile trading apps.

But how much money can you realistically make day trading?

The answer is: it depends!

Yes, there is no general answer to this. There are several factors to be taken into account that can determine your profits, including your investment capital, risk tolerance, and market knowledge.

For example, if you’re starting with a small amount of capital and you’re willing to take on more risk, you could potentially make more money than if you were starting with a larger amount of capital and taking on less risk. Similarly, if you understand the markets well, you’ll be in a better position to make profitable trades.

There’s no easy answer to this question because the amount of money you can make day trading will depend on your individual circumstances.

While most day traders work for institutional firms, a significant number are self-employed and, according to Glassdoor (2021), the average annual income for a day trader is $74,000.

The best tips for who want to get started with day trading

Learn from the best – professional traders who will not promise to take you to the moon. Be humble and approach the market once you have a solid plan to follow.

Don’t know where to start?