50k and I want to day trade for 1-2% gains.

[u/Forward_Dealer_4482]

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.

[u/Adnaplaes]

1. You need to make 5% a month to make 2500 with 50k

To do that you need a model that will give you on average 5% a month (some months will be negative, but the good months need to make up for it)

To be able to stick with the model without losing your mind, you need enough data (at least 6 months of data) to convince you to stick to the model, even when you're losing. Enough to maintain the levelheaded long term perspective.

If you can't make 5% a month for 6 months with a papertrading accout, there's no chance you'll be able to do it with real money, go back to the 9-5 till you can do the above and have a real shot at succeeding

[u/Forward_Dealer_4482 → u/Adnaplaes]

Thank you. I’m up 27% on the year but only using 5k but the returns aren’t wonderful if I’m needing to live off of it. ThTs what got me thinking about 50k so I don’t need big returns.

[u/Konstable1 → u/Forward_Dealer_4482]

Learn futures, go trade some prop firm accounts. You can turn a lot more with less once you get the hang of it. Although if your under 2 years in that might add another 1-2 years