How is retail day trading anything but a gamble?

[qlai]

How is day trading scalable? You need a 8 figure account to make 6 figures easy a day.

Swing trading and investing is scalable day trading not so.

You get much more leverage when you day trade vs holding overnight, for one. But my argument was trading vs job, any style with asymmetric payoff will do.

 

[virtusa]

You need a 8 figure account to make 6 figures easy a day.

Some need 6 figures, some need 12 figures, and for some it doesn't matter as they will never make money.
You can, as a daytrader, make a few million a year.

 

[notagain]

Daytrading noise, watch for price and volume spike followed by retest. Option guys look to buy a retest that respects the price level and usually continues in the direction of the spike.

 

[movingaverage]

have made more money standing still

 

[deaddog]

You can, as a daytrader, make a few million a year.

What kind of returns would this entail?

 

[virtusa]

What kind of returns would this entail?

Depends on several factors.

 

[movingaverage]

if ya can keep the money you made for 5 months

 

[movingaverage]

show me 5 months of consistency

 

[deaddog]

Depends on several factors.
View attachment 259898

Sounds good in theory. Do you know of anyone who can verify that they have done it?

 

[trader99]

To me, it’s the other way around - your job pay is not scalable. Day traders during volatility, like we had recently, can make six figures a day easy.

It's doable but I wouldn't say easy. To make a six figures a day in your account you'll need a sizeable account to start even with 4x leverage. Most newbies don't have accounts that big, at least not to start,