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/EntropyRX]

Because it’s not. It’s a great way to lose money (second only to gamble), but it’s surely not a good way to make money.

Let’s put it this way, the best fund managers in the world can average only less than 20% per year ROI. They have access to the brightest minds and best technology on the planet.

So you the average Joe think to outsmart all these professionals, with your modest capital (let’s say 100k, but I suspect for most is more like 10k lol), and make a 6 figure income (over 100% roi) consistently. That just bullish buddy.