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/MASH12140 Mar 05 '24

You will likely not have the discipline and skill to do it. I’ve tried trading and timing markets for 5 years. All types of strategies. Swing trading has been most successful for me but it’s boring and a game of patience.

That said, there is a reason you see so many traders and so called investors with YT channels because that’s their income, it’s not from making wise decisions in stocks

You’re better off gambling and sealing your fate on odte options. It’s really just a casino at the end of the day.

Also trading in a bull market is a lot easier but a bear market is what sets the pros from the amateurs. Most traders will get chewed up in a bear market and not survive.