Here are a couple of textbook quickie trades. I will warn you that they are dull, but there’s a reason I’ve posted boring trades today. First, a little short on HUYA:
Standard fare with a clear setup and a good target, easily hit. There was more after lunch, and even a late rally for anyone who likes that kind of thing. Obviously I was long gone by then, happy with my $480 made in ten minutes in the morning.
Here’s another, ELAN:
Another textbook short, essentially the same trade as HUYA and happening a few minutes earlier. The price dropped relatively more quickly, but the range was reduced so it only made around half the profit, “just” $260.
There’s nothing exciting about these trades, they’re not the massive $1k+ winners that I know some readers love to look at. But the fact is these kind of trades are very much the bread and butter of day trading life.
It’s easy to find three or four trades like these every day. They are simple to trade, low risk, low stress, and cobined they add up to a four figure profit. Do that just four days a week, take four weeks vacation, and you’re looking at making a couple of hundred thousand dollars a year, minimum. Minimum? Yes, because let’s face it, if you trade four mornings a week you’re going to come across some of those big winners as well every now and then, which will boost the bottom line even further.
$200,000 a year is not a bad “salaray” for working only about three hours a day, four days a week, from home (or anywhere else in the world). There might be other jobs that pay as well, but off the top of my head I can’t think of any. Certainly none that offer the kind of freedom day trading can.
I’m not posting these figures or charts to boast or brag. I post it because every week I get questions like “how much can I make day trading?”. There’s no single answer to that kind of question, but I hope this post at least gives an idea of what’s possible.