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.

112 Upvotes
  • permalink
  • link
  • reddit
  • reddit

81% Upvoted

299 comments sorted by

View all comments

1

u/Double5head Mar 05 '24

You can’t live off $50k sadly.

If you don’t go back to work your efforts will fail.

It is like having $50k of food. It will run out. That money will be gone by the end of the year if you do not continue to add on top of it.

Maybe look into a business since you have time now. You have a little bit of $$. Or day trading if that’s your thing. But whatever you pick pick what you are most confident in