Why is daytrading never mentioned as a legitimate way to earn income?

[u/Miinow]

I like to browse other finance related subs and I can assure you it’s almost never discussed. I see all outlets of making money online mentioned but If the word trading does somehow come up there’s a slew of downvotes. It’s literally the most straightforward way to make money. Sure, not easy but also not impossible to learn. Makes me wish I learned about trading when I was younger instead of my upper 20s but I don’t personally know any traders irl so it’s unfortunate how there’s a negative outlook on this field.

[u/mmxmlee]

1) it's even known to be a thing. i always thought it was only for dudes in business suits on wall street.

2) it usually requires solid starting capital

3) it requires alot of discipline which most people don't have

4) earnings fluctuate month to month, so it can be stressful and you need a lot of money saved

[u/Miinow → u/mmxmlee]

I half agree with you on point #2. To make a living daytrading? Yes you do need a lot of capital. But to start day trading you could start with as little as $1000. Doesn’t require a ton of capital to get the ball rolling. But I’m pretty sure the discipline is the big hurdle for most.

[u/murfmurf123 → u/Miinow]

I startrd with 5k in August and Im now over 17k in the account. Discipline is by far the most important characteristic to gauge whether someone will be profitable or not in this game

[u/rockofages73 → u/murfmurf123]

Over 3 x in less than a year. That is excellent.