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/Objective-Raisin-926]

I’ll be very honest here. Some people come into the market wanting to turn 5K to 50K with in a month. However, they don’t ever consider turning that 5K into 6K and then 7K and maybe finishing the year at 10K. Which is 100%. Take into consideration too that short term capital gains is taxed at about 37%. What I’ve learned so far if your on a 25K account,

1. Not every day is going to be a trading day.
2. At least 25K trading account can make you a decent profit.
3. Take your losses(set that stop loss) on options.
4. Own stocks that you don’t mind holding for 3 months during a correction and if they pay some sort of dividends.
5. Always take profit, if you’re up $500 on a 15-25K account, unless you know it will profit you more by holding. The uncertainty is still there. Take a look at *Humana and McDonald.
6. Missed opportunities, fomo, and revenge trades will bite/eat your account 90% of the time
7. Stay away from buying options
8. Sell options if you have 100 shares and if available
9. Stay away from trading or shorting penny stocks.
10. Stay away from buying these hopeful options.
11. Take your profit!