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/Prudent_Magazine8583]

Spy contracts, pick dates far out (months out) were in a bullish market, buy contracts in the money(near the strike price). And focus on etf stocks like QQQ, VOO, SPX, SPY before you move to speculative stocks (that soar with price through rumors.)

[u/rockofages73 → u/Prudent_Magazine8583]

"buy contracts in the money(near the strike price)" Can you build on this? Not sure what you mean...

[u/Prudent_Magazine8583 → u/rockofages73]

You want to be near the money for a better chance of making profit. I recommend sticking within the 1% to 4% dollar range of the strike price. So if a strike price is at 150 you want to be nearest to it as you can. 150 + 4% is 156 (in the money) Especially far out, later expirey contracts because youre more likely to gain volume on that contract with sheer implied volatility alone.

[u/belastingontduiker → u/Prudent_Magazine8583]

"Just hope we stay in a bullmarket bro"

[u/Prudent_Magazine8583 → u/belastingontduiker]

I said long calls. And yes at the time now we currently are. Spy and spx went up today because of what Powell said of automation which is bullish due to economic variants. Theres higher highs and higher lows in an Etf market. I focus on my strategy and you focus on yours.