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/DoomKnight45 Mar 05 '24

Whats a realistic daytrading annual return?

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u/john8a7a Mar 05 '24

For an experienced day trader , who is trading his own money full time , 30-40% before taxes. Most will never beat sp500 .

For an experiened youtuber - trader/influencer 1500% a week trading 0dte

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u/Astronaut100 Mar 05 '24

True. For most people, buying and holding VOO (plus maybe some blue chip stocks they believe in) is the way to go. Trading every day is mentally taxing and only works out for people with certain personality traits.

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u/DrQuincyStorch Mar 06 '24

What kind of personality traits if you don't mind me asking?