How can I make $200 a day through trading stocks?
Asked 4 years ago
I've seen the number $200 thrown around as a benchmark for a decent income from trading stocks. I currently make less than that daily and was wondering if anyone had any tips on how I can make $200 a day?
Andrew Moran
Sunday, October 17, 2021
One of the best investment strategies you could employ is purchasing leveraged 2x or 3x exchange-traded funds (ETFs).
For example, you could trade daily ProShares UltraPro QQQ or Direxion Daily FTSE China Bull 3X Shares.
These are investment securities that have immense trading volumes and allow investors to generate massive returns (or endure tremendous losses).
Of course, if you wish to trade individual stocks, you will need to study volumes and volatility levels before the start of the trading session.
Here are a few other tips:
- Utilize a couple of tactics rather than dozens of others.
- Use zero-commission trading platforms to save you on fees.
- Trade higher-priced stocks with leverage.
In the end, whether you are a long-term investor or day trader, the same rule applies: You should only invest what you can afford to lose.
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