How Much Can You Make Day Trading

How Much Can You Make Day Trading?

Most people truly do not realize how much you can make day trading. You can make a tremendous amount of money day trading, how much is relative to how much money you put into your trades and how large your exits are and how many day trades you take. There are many different levels to people success, some are happy making $100 per day some are happy with $50,000 per day.

When I first started day trading I thought making $100 to $500 per day was very good. Now that would be considered making almost nothing. So it’s all relative on how much you can make and it’s relevant to your account size and amount of money you place into each trade.

Treat Day Trading As A Business

What I recommend is treat your day trading account like a business and build up your business larger and larger so that you can make more and more money. And look at your day trading account as your true financial freedom in life, where you have cash to draw from at anytime you wish and can live anywhere you wish to live. Essentially what you’re doing is day trading for a living as this will become your main income.

How Much Money Can You Make Day Trading?

To better answer the question how much can you make day trading let’s take a closer look at what money you can make day trading. Let’s start off with the NQ which is the Nasdaq market, it ticks at $5 per tick using one contract. It has 4 ticks within every dollar.

So if the Nasdaq moves $50 dollars that means it’s moved 200 ticks. 4 Ticks times 50 equals 200 ticks. At $5 per tick that equals $1,000. Using 5 contracts that equals $5,000. If you have the right day trading system you can easily get a 50 dollar move on the Nasdaq and easily make $5,000 everyday.

For the S&P 500 (ES) it’s not as good but still very good. You can easily make 10 dollars on the ES everyday, the ES ticks at $12.50 per tick and has 4 ticks per dollar. So 10 dollars is 40 ticks which is then times $12.50 per tick which is $500 for one contract or $2500 for 5 contracts.

The Dow (YM) is very similiar. You can easily make 100 ticks on the Dow everyday day trading and the YM ticks at $5 per tick. Each dollar on the Dow is one tick. So you can easily make 100 ticks times $5 per tick so $500 per one contract or $2500 per day with 5 contracts.

For Gold it ticks at $10 dollars per tick, and there are ten ticks per dollar. So a 1 dollar move on Gold is worth $100 per contract. So a 5 dollar move on Gold is worth $500 with one contract or $2500 with 5 contracts. Making $5 per day (50 ticks) on Gold is very easy to do.

For Oil it ticks at $10 per tick also, and there are 100 ticks per dollar. So for every dollar on Oil you make $1,000, or $5000 with 5 contracts.

So you can see for yourself how much you can make day trading, it’s a tremendous amount of money, and all that needs to be done is to know which direction it’s going to go whether up or down on the chart. 

Using A Good Day Trading System To Make Money

There is an automatic 50/50 chance to begin with on getting the direction right and with a good day trading system you can increase that to 85% or better. And to know how much profit to get and when to stop out for a loss.

If you want to day trade stocks it’s a little bit different because you need $25,000 in your account and you’ll need to use margin so you can afford to buy enough shares of a stock to make good money. 

But if you have the money to trade stocks with the profits go higher and higher the larger you go into your trades, and with 4:1 margin it gives you some very serious power to day trade and make very serious money.

For instance, take PLTR recently I caught it at $18.00 and have day traded it up to $147 using 3,000 shares which means I’m making $30 USD per tick. So for every 100 ticks or $1 move I’m making $3,000 USD. So a 5 dollar move which is very easy to get with PLTR is a $15,000 trade. 

Other stocks are very similiar like Tesla (TSLA) for instance, you can make a tremendous amount of money on stocks like this. Most people really do not realize how much you can make day trading, all you need is the right day trading system to use.

Day Trading Offers The Opportunity Of A Lifetime For The Average Person

Day trading and trading in general whether swing trading or investing (holding for longer periods) the markets offer an opportunity to make money that has never been seen before in world history. 

For the first time in world history a person with a little knowledge can open up a trading account, put in some money, start pressing buttons in cyberspace from the comfort of ones own home and make quick easy money and then initiate a withdraw of your money to your bank account and receive this money within minutes.

But beware, for just as easily as you can make money day trading you can lose the same amount of money if you go the wrong way in your day trading. This is why you must be using a professional day trading system taught by a professional day trader. 

Discipline In Your Day Trading (Plan Your Day Trade And Day Trade Your Plan)

And you must take day trading very seriously and give it the respect it deserves to have. And a great deal of discipline with yourself and your trades, getting emotional while trading is rarely a good thing. You must be able to overcome these nuances of trading that present potential holdbacks to your success. 

You must overcome fear and doubt and greed, and act and think more logical and mathematical in nature and just place all your focus on the trading plan, the trading system and do not be afraid to lose and just as importantly do not be afraid to win. 

If you keep getting out of the trade because you’re afraid to hold it to the proper exit then you’re going to have a problem. I know it’s hard but you must learn to trade without fear, otherwise everyday you will live within fear to make money and that won’t work for very long.

And again this is why it’s absolutely crucial for you to use a really good day trading system, it will make all other nuances/aspects of day trading much more easier for you, because you’ll be winning and getting the direction right and making money. It’s only when you don’t have a good day trading system and you start losing where all the problems begin and originate from.

How Much Can You Make Day Trading

If you want to see how much you can make day trading feel free to watch my day trading videos below at my YouTube channel How To Day Trade. I do day trading everyday and record it so that you can see how a real professional day trader day trades all day long and how much money I make from this. Only this way will your eyes truly be opened up to a whole new world you never knew existed before.