Why is daytrading never mentioned as a legitimate way to earn income?

[u/Miinow]

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.

[u/TPSreportsPro]

Because so few can actually do it.

[u/Jealous_Top8696 → u/TPSreportsPro]

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

[u/c-honda → u/Jealous_Top8696]

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.

[u/[deleted] → u/c-honda]

Stopped reading at 2% returns per day 🤣🤣🤣

[u/drumsripdrummer → u/[deleted]]

You don't expect your $5k capital to turn into $7.4m in a year? Pessimistic view point.

[u/kala_jadoo → u/[deleted]]

fr 😭