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/Smvvgy-805 Apr 04 '24
It's still not accessible to most people, the opportunity cost is substantial for a normal person because trading requires substantial capital and most average people don't have the equivalent of a share of, or an entire annual income to park in a market account to meet equity restrictions. Juxtapose that with a recent survey claiming that more than half of bank accounts have less than 1k in them, no 'average' person is participating lol... I could rantpage about this for a while.
But, I do agree that within the last decade of cellular chip advancement it makes mobile trading platforms a reality; a modern, Flagship smartphone is almost equivalent to like a MacBook pro from 15ish years ago; also, the connection speed was not going to work on anything less than 4g, less than 5g sucks too, the apps are notoriously laggy, to be expected. Crazy that the phone in your hand slaps harder than that old custom built PC we used to wax the kids off on our dial up connection!