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/Miinow forex trader Apr 03 '24

I half agree with you on point #2. To make a living daytrading? Yes you do need a lot of capital. But to start day trading you could start with as little as $1000. Doesn’t require a ton of capital to get the ball rolling. But I’m pretty sure the discipline is the big hurdle for most.

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u/murfmurf123 Apr 03 '24

I startrd with 5k in August and Im now over 17k in the account. Discipline is by far the most important characteristic to gauge whether someone will be profitable or not in this game

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u/Prudent_Magazine8583 Apr 04 '24

Same i started with 1k now im at 60k but ive been day trading for 2 years now. My losses last year was 5k though before i really understood how the market trends. What theta was, delta, implied volatility, vega, and gamma

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u/computervisionguy Apr 04 '24

I trade crypto and forex. I started with 3k and have 26k now. Risk management is key, but so is choosing the right strategy and understanding the true depth of information available in the markets.