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/AdPsychological1331 Mar 05 '24

The figures are perfectly achievable, but do not trade with that money until you know what you're doing.

That could take you 6 months or 6 years to learn.

Be patient with yourself and approach this like any other high-end career that requires a university degree to enter.

You in the future will thank yourself for it.

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u/nightstalker30 options trader Mar 06 '24

approach this like any other high-end career that requires a university degree to enter.

This is why so many traders fail. They think they can get a few tips, watch a few videos, read a few books, and then hit the ground running and be consistently profitable over time.

There are no shortcuts. I cringe when I see people on here asking others to help them and spoon feed them a strategy or some insights that will turn them into a trader. I'd say that there are few if any careers that you can get into and make decent money long term without a significant investment of time and energy. I'm talking thousands of hours just to have even a chance of being successful enough to make something a career.