📈 Day Trading Challenge: Making Money Online from Scratch
Are you looking for a way to make money online but don't know where to start? In this article, I'm going to take on a 48-hour day trading challenge to see how much money I can make from scratch. I'll be following a set of rules that will put me in a beginner's situation, just like you. I won't be able to leverage any of my own audiences, social media, YouTube channel, email list, or anything like that. I also won't be able to show my face, so I'll be staying completely behind the scenes. Lastly, I can only spend up to 2 hours per day trying to make money online, just like many of you who have a job, kids, or other responsibilities.
📝 Table of Contents
- Introduction
- Day Trading the Stock Market
- Using a Special Indicator
- The Rules of the Challenge
- Starting with $400
- How the Indicator Works
- Following the Signals
- Risk Management
- Day Trading Made Simple
- Day 1 Results
- Day 2 Results
- Total Profit
- Combining Experience with the Indicator
- Making Money with the Indicator
- Conclusion
- FAQs
Introduction
Making money online can be a daunting task, especially if you're starting from scratch. There are so many options out there, and it can be hard to know where to begin. That's why I decided to take on a 48-hour day trading challenge to see how much money I could make without leveraging any of my own audiences or resources. I'll be following a set of rules that will put me in a beginner's situation, just like you. I won't be able to show my face, and I can only spend up to 2 hours per day trying to make money online.
Day Trading the Stock Market
Day trading is a popular way to make money in the stock market. It involves buying and selling stocks within the same day, taking advantage of small price movements. Day traders use technical analysis to identify patterns and trends in the market, and they make trades based on these patterns.
Using a Special Indicator
For this challenge, I'll be using a special indicator that was created by the CEO of Buildall. I've met him in person, and I've been testing this indicator out, and it's been working really well. The indicator only trades the NASDAQ market, and it gives you ideas of when to trade. It tells you exactly where to buy and sell, making day trading very simple and easy.
The Rules of the Challenge
To make this challenge more realistic, I've set some rules for myself. First, I have to start from complete scratch. I can't leverage any of my own audiences, social media, YouTube channel, email list, or anything like that. Second, I can't show my face, so I have to do this staying completely behind the scenes. Third, I can only spend up to 2 hours per day trying to make money online.
Starting with $400
To make this challenge more accessible to everyone, I've decided to start with $400. This is an amount that everyone could eventually come up with, and it's not a crazy amount where it'd be unrealistic for people to start with.
How the Indicator Works
The indicator I'm using only trades the NASDAQ market, and it gives you ideas of when to trade. It tells you exactly where to buy and sell, making day trading very simple and easy. Sometimes it will give you bad trades, but that's where you have to know where to take them or just take your loss. It tells you where to put a stop loss, so you have to have risk management in place if you're going to follow this.
Following the Signals
To follow the signals, I'm combining my experience with the indicator. I try to pick the best trades based on my experience with trading. I don't take every buy signal it tells me. I try to pick the best ones just based on my experience with trading.
Risk Management
Risk management is crucial when day trading. You have to know where to put a stop loss, so you don't lose too much money on a bad trade. You also have to know when to take your profits and exit a trade.
Day Trading Made Simple
The indicator I'm using makes day trading very simple and easy. You're literally just following the signals. It takes the guesswork out of day trading, and it's perfect for beginners who are just starting.
Day 1 Results
On day 1 of the challenge, I made around $60 in total after commissions. I only took one trade, but I made a little bit of money. I only spent 2 hours trading, so I didn't have a lot of time to make trades.
Day 2 Results
On day 2 of the challenge, I made around $94 in total after commissions. I took two trades instead of one, and I was able to trade with a little bit more money since we grew our account. I only spent 1 hour trading, so I didn't have a lot of time to make trades.
Total Profit
The total profit I made during the challenge was around $160. That comes out to around $80 per day. I only spent 2 hours per day trading, so that's pretty good. I started with $400, and I made that much money in just 48 hours.
Combining Experience with the Indicator
To make the most money with the indicator, I'm combining my experience with trading. I try to pick the best trades based on my experience, and I don't take every buy signal it tells me. I also have risk management in place, so I don't lose too much money on a bad trade.
Making Money with the Indicator
The indicator I'm using is perfect for beginners who are just starting with day trading. It takes the guesswork out of day trading, and it's very simple and easy to use. You're literally just following the signals, and it tells you exactly where to buy and sell.
Conclusion
Making money online can be a daunting task, but it's possible if you have the right tools and strategies. Day trading is a popular way to make money in the stock market, and the indicator I'm using makes it very simple and easy. I started with $400, and I made around $160 in just 48 hours. If you're interested in learning more about day trading and the indicator I'm using, click on the link in the description below.
FAQs
Q: Is day trading risky?
A: Yes, day trading is risky. You can lose money if you don't have a good strategy in place.
Q: Can I start day trading with $400?
A: Yes, you can start day trading with $400. It's a good amount to start with if you're a beginner.
Q: Do I need experience to day trade?
A: It's helpful to have some experience with trading, but it's not necessary. The indicator I'm using makes day trading very simple and easy.
Q: Can I make a lot of money day trading?
A: Yes, you can make a lot of money day trading, but it's important to have a good strategy in place and to manage your risk.
Resources:
- [Buildall](https://buildall.com/)
- [The Indicator I'm Using](https://buildall.com/day-trading-indicator/)
