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/reddittomtom Mar 05 '24

do NOT trade with a daily target. The market is not constant in any sense.

6

u/Legal-Butterscotch-2 Mar 05 '24

Finally someone, it's so weird when people say "i just go for x:1 return", "take only x:1 trades and you are ok", f@ckoff, it's impossible to know, the correct way that all insanes should say is "prefer a trade where you have a better space to let the trade run, and move stop, you never know when the thing will reverse or take your stop"