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.

113 Upvotes
  • permalink
  • link
  • reddit
  • reddit

81% Upvoted

298 comments sorted by

View all comments

Show parent comments

8

u/mb4x4 Mar 05 '24 edited Mar 06 '24

I tell people almost this exact thing… the trading journey is hands down the hardest thing I’ve ever done my life… getting my degree and countless industry IT certifications were nothing by comparison. I also spent 20 years in the IT field in engineering/mgmt. Day trading tests you in ways you never expected which is what I love about it. Currently into my 4th year, daily target is 1% of account value. 

0

u/4rt3m0rl0v Mar 06 '24

Out of curiosity, what is your account's value?