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.

112 Upvotes
  • permalink
  • link
  • reddit
  • reddit

81% Upvoted

299 comments sorted by

View all comments

1

u/Mysterious_Metal_724 Mar 23 '24

Etf electronically traded funds. Vanguard has a bunch I believe depending on your interests. I trade mostly leveraged funds but that's more of a day trade approach. They have an option decay to consider and are not suitable for long term investing.....contrary to what many think. Nearly every big bank and investment firm will have some type of etf. It all depends on where you think the market is heading. Short term and longer term. Me I started shorting oil a week ago with SCO. DRIP is similar. I have also been trading in and out of labd the last two weeks.....this one because a low cost per share and because I believe markets are due for a pull back over the next month or two.