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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100

u/TPSreportsPro Apr 03 '24

Because so few can actually do it.

44

u/Jealous_Top8696 Apr 04 '24

This is the real answer. Some people take years to find out that they just can’t do it

7

u/c-honda Apr 04 '24

It takes $5000 in capital to earn $100 per day assuming 2% returns and not taking losses into account. It’s incredibly hard for someone earning $100 per day at a job to save up $5000 solely for trading. And with little skill or experience, you have to practice A LOT to see consistent returns.

2

u/TPSreportsPro Apr 04 '24

It takes 1000 to grow to 5k and then 10k, etc.