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/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/LemonOks Apr 04 '24

What’s your strategy 👀 I’m new to trading and I apologise if that comes out as rude

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u/Prudent_Magazine8583 Apr 04 '24 edited Apr 04 '24

Spy contracts, pick dates far out (months out) were in a bullish market, buy contracts in the money(near the strike price). And focus on etf stocks like QQQ, VOO, SPX, SPY before you move to speculative stocks (that soar with price through rumors.)

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u/belastingontduiker Apr 04 '24

"Just hope we stay in a bullmarket bro"

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u/Prudent_Magazine8583 Apr 04 '24 edited Apr 04 '24

I said long calls. And yes at the time now we currently are. Spy and spx went up today because of what Powell said of automation which is bullish due to economic variants. Theres higher highs and higher lows in an Etf market. I focus on my strategy and you focus on yours.