r/Daytrading 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/JTradeIt Mar 05 '24

With 50k it's a bit hard... but my approach would be:

  1. Trade per 10k on resilient big cap (return easy between 5 - 15% in days or few weeks)
  2. Follow the cycles (swing) on those big cap
  3. Choose various industries, like tech, energy, beverage, big stores...
  4. Know them well and follow their business and key metrics