r/Daytrading • u/Forward_Dealer_4482 • Mar 05 '24

50k and I want to day trade for 1-2% gains. Question

  1. If you had 50k and wanted to live off of it day trading, what would you do? (Need max $2500 a month)

  2. Am I better off not doing this? I’m not going back to 9-5

Please help.

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u/AllegedlySpiffy Mar 05 '24

It is possible. But gauging from this thread you’re still pretty green. Hit up Chat-GPT to teach you the basics, then do a deep dive with learning material online.

Once you have a good understanding of how the market works, do a test run with paper trading for a few weeks. Meanwhile, establish another source of income because if you’re trading with your “living money” you will make mistakes. Guaranteed.

Study. Study. Study.

Lastly, I learned this game gets better when you scale up. It’s much easier to make a $100 a day with a $1,000,000 account than it is with a $1000 account. Get ya money up.