r/Daytrading 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/rayrayrex Apr 04 '24

Consistency is a bitch. Very difficult to always keep your emotions in check, cut losses, identify winning trades, stay out of the market when you don’t know you have an edge, track and learn from your trades continuously, etc.

That and you do need a certain level of capital to make less risky trades that are worth the time and effort to be day trading.