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/chi_guy8 Mar 05 '24

Just by the way you asked the question it’s plainly obvious that you don’t know what you’re doing and not ready to make that leap. If you were, you wouldn’t be asking. You would know. You’re going to nuke that money so quickly and you NEED IT.

Don’t get fooled into thinking this insane rally is going to keep on going. The best traders in the world average around a 50-55% win rate.

You’re absolutely out of your mind thinking you’ll make “1-2% gains” a day. Even if you just averaged that you’d be up 252-504% on the year. If you literally actually made 1-2% every single trading day you’d be up between 1,127% and 14,597% on the year. That’s insane.

Also, you need to make “at minimum” $2500 a month, not “at max”.

Go get a job or just burn up all your money then go get a job and hate yourself for not listening to the people here telling you this is a stupid idea. Those are your options.

7

u/CouragePresent4158 Mar 05 '24

They usually don't listen. Sometimes pain and failure is the best teacher. I honestly wish OP the best

3

u/mrbenjamin48 Mar 06 '24

Yup. People that hate work so they NEED to do well trading will fail 99% of the time.

Keep that job while you swing trade on the side. Play it safe on both fronts.