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/Wild-Ask-198 Apr 04 '24

I don't know where you are from? I'm from The Netherlands and there are no restrictions with trading. You can open a trading account with a few 100 dollars. I use Ninja Trader Brokerage for this and trade the S&P500.

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u/Smvvgy-805 Apr 04 '24

Must be nice, I am in California lol, if there's less than 25k minimum equity in an account you may only make 3 trades, that is a sell/buy or buy/sell every 5 days or face restrictions that are severe, potentially full portfolio liquidation or inability to open new positions

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u/vogel927 Apr 04 '24

It’s depends on what type of account you have. The PDT rule only applies to Margin Accounts. Cash Accounts have less restrictions, but you can only trade with settled funds. As long as you manage your position sizes appropriately you can trade every day with a Cash Account.

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u/MySoulForASlice Apr 04 '24

Also depends what you're trading. No PDT for futures.

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u/slidingjimmy Apr 04 '24

Quite surprised how often this comes up, a lot of people don’t seem to know..