Marilyn Monroe said,” The sky is not the limit. Your mind is”. The same idea comes into play when you are trying to figure out how much money you can make day trading; there is no cap. What it comes down to is strategy, skill, patience, knowledge, and mentality. Humans tend to limit themselves, and sometimes they don’t even realize it. This is because we make excuses and try to stay on the safe side and find ways to ignore anything that might challenge us in any way. We forget that just like we can create happiness, we can also create misery. We have been taught to go the safe route and get a 9 am – 5 pm job all our lives. Will that route ever give us time and money freedom?
We have all stumbled a time or two as we have traveled throughout life and the fear of setbacks lingers over us. So sometimes people gravitate their minds to the worst-case scenario; day traders lose money. But the reality you need to search deep down and remember your “why”. Why do want to know how much money days traders make in the stock market? Is it because of disappointment with your average salary? Unfulfillment at work? Or simply wanting more? Rediscovering your why will help you stop wondering and push you to start trading.
Day traders buy and sell shares of stocks within the same day. Day trading is the activity of buying and selling stocks, bonds, options, futures, or commodities with the intent of profiting from price movements in the underlying security within a single trading day. Day traders rely on analyzing the movement of stocks on a chart rather than factors like products, industry, and management. The knowledge aids in knowing when to enter or exit the stock market. It also shows trends which is helpful because previous days’ trends tend to repeat themselves.
Anxiety, unrealistic expectations, failure, loss, greed, fear of missing out, and anger are all emotions that throw a wrench into trading. If you let emotions control you instead of you being in control; you will increase your risk. To help keep your emotions in check, you need to build your confidence. To build your confidence, you need to research, train and practice your trading strategy to be consistently profitable. Other factors such as trading volume, volatility, watching market conditions, and using paper trading to gain experience. Before starting to use your hard-earned money, many day traders fail to prepare. What may seem like small meaningless things is actually what will set you apart from how much of a successful day trader you could be.
Many beginner day traders want to make goals about numbers and how much they will make. But what most traders don’t realize depending on the day trading strategy they are using it may be impossible to reach a number goal, but still could be profitable traders. Some traders lose time and money searching for strategy after strategy and still not finding the right niche. It is important to know that there will be money lost and there will be failures along the way. Denzel Washington dais, “If you don’t fail, you’re not even trying”.
We live in a society where people want fast money and they want it delivered yesterday. But the reality is everything takes time especially when trading stocks. To become a doctor, they don’t put you through a 3-day course it takes years to get your Ph.D. Day trading is a career that won’t leave you with student debt like a doctorate would but still requires time and effort. There is no magical system that automatically deposits money into your bank account.
If you put the focus on strategy instead of a monetary focus your trading profits will be enormous. This is because consistency is key and once the strategy is mastered not only will you make money day trading but your risk management will be low and your amount of losing trades will be lowered. Less losing trades equal; more money in your pocket and more buying power. Beginner traders need guidance to know how much capital they are putting on the line; the reality is no one purposely likes losing money, even more, when it’s your own money.
Summary: How Much Can You Make Day Trading?
Have you ever noticed how a bad morning can snowball into a horrific day if you don’t change your energy and mindset? This is because we are responsible for our energy we cannot be swayed by others’ energy. Successful day traders don’t worry about the money because it will come, they focus on the strategy. There are so many factors that can factor in your level of success. My goal has always been to teach as many day traders to achieve their personal financial goals, whether they are novice traders or experienced traders. The MK VIP training has plenty of resources to help you get started on reaching your day trading goals. I teach the working class how to earn $10,000 a month through day trading.
I can teach you how to day trade like the top 10% without a complicated strategy or any technical indicators, even if you are a beginner. I help my students avoid the challenges I faced when I first became a day trader. As of now, MK Financial LLC is already the #1-day trading coaching business in the US in just one year. After you complete the program, I provide you with lifetime access free of charge to different articles on trading. I do this to ensure you are always keeping sharp, learning more, and knowing that you are supported in this journey to financial freedom. You are just a click away from taking your life and winning trades to the next level.
Maurice Kenny has helped over 600 people become financially free through one-on-one coaching, mentorship, and options trading strategy. Many of these new traders are now full-time traders, and they all started by watching his 1-hr webinar.
Feel free to check out other FREE educational resources to help guide you as you begin your new journey to financial freedom.
Also, download a (FREE E-BOOK) by Maurice Kenny, “DAY TRADE LIKE A MILLIONAIRE.”