[Jamie]

If I were to go all-in on day trading, what kind of daily profits could I realistically expect? Like what sort of figures are people pulling?

Jamie

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[Albo]

Obviously there is huge variation and it will always depend on your experience, capital and trading strategy, but experienced day traders often shoot for 1-2% daily returns.

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[Steve]

I’ve read that it’s lower…between 0.033% and 0.13%…

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[Albo]

Where did you see that mate?

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[Steve]

Depends. Are you a beginner? If so, don’t expect to make much.

This has loads of stats to do with this question – https://www.daytrading.com/facts-statistics. The key one: Roughly 1-20% of day traders profit from their activities.

 

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[Jamie]

Ooooh this is very interesting. I did not know this: “The success rate for day trading as a source of income is around 4%, with only about 10-15% of traders making some money but not enough to sustain a career.”

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[Olsoph]

Hello Jamie,

This is an impossible question to answer. Why? Because it varies hugely! Some day traders make hundreds of thousands a year, while most lose money. So I wouldn’t get fixated on a set amount.

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[Jamie]

Surely you need some sort of target to aim for though?! Whether right or wrong, you need a plan don’t you?

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[Robbo]

Here are the stages:

1. Lose money to start with
2. Break even after a while
3. Make a very slim profit margin when you know what you’re doing

But it will never be consistent – you’ll have days where you make money and plenty where you lose it, so you have to look at your returns over a period, e.g. a month or year.

How much capital are you playing with? That plays a bit part.

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[Steve]

Haha I enjoyed your three steps.

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[Jamie]

It’s good to get an unvarnished look, thanks.

5k definitely, 10k at a push. Is this enough?

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