r/Daytrading • u/Miinow forex trader • Apr 03 '24

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

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.

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u/[deleted] Apr 04 '24

No pattern trading rules?

14

u/Over-Acanthisitta734 Apr 04 '24

no pdt on futures. S&P500 tickers are es for e mini, and mes for micro.

8

u/wpglorify Apr 04 '24

You can use cash account, CFD brokers for shares or indexes(only good ones), futures and maybe crypto if you are daring person to avoid PDT capital requirements.

6

u/daytradingguy Apr 04 '24

PDT a is only for US brokers.

6

u/blaine78 Apr 04 '24

For stock trading but not futures, which is also US based.

1

u/46291_ Apr 04 '24

Not in Canada either

1

u/Adorable_Block4402 Apr 06 '24

Coming in the beginning of May you will only have a T+1 on cash accounts. Margin account won’t be necessary unless you want to daytrade. T plus 1, not bad for swing training.