Quite, but everyone will forget to depend on your deposit.
For example, in order for it to be 1% of your deposit, and you could make 1% per day, which will be equal to $ 5,000, $ 500,000 will be enough for you to feel comfortable.
The question is to make $5,000 in a month, not in a day. With your calculation, you will make $150,000 in a month. If the target is to make $5,000 in a month and if you use 1% per day, you should make a profit of $167 daily means that you have to start with only $17,000.
The big question, is it possible to earn 1% every day in a month without any single loss?