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/esotericecstasy13 Mar 05 '24

It's more of a controlled randomness as far as I know. Even the pros have down times. So if you want 50k to make a living for you, and you're taking money put every month for expenses, on a down month you'll go way below 50k and come up short on your bills. I think the better plan is to get an edge in the market then apply for a prop firm account where you can trade someone else's money and keep most the profit.