How is retail day trading anything but a gamble?

[movingaverage]

Your past matters shit to us

 

[virtusa]

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

Yes, trading 100 contracts ES per trade.

 

[HolyGrailSeeker]

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.

I going to quote you and give you benefit of a doubt and use the extremes. So you are saying someone with $999,999 in their account can make $100,000 per day "easily"? I have no doubt that yeah you can make 100k in a day with that money if you yolo your money, you can make double or triple even but its all a matter of survival and avoiding risk of ruin.

You are saying someone can make 10% of their account per day for long term which is ridiculous. Even 1% a day is already super elite level if you can maintain it for long.

 

[qlai]

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,

Agreed, when I made that statement, I was referring to traders who are constrained by liquidity rather than capital (like prop traders)

 

[virtusa]

I going to quote you and give you benefit of a doubt and use the extremes. So you are saying someone with $999,999 in their account can make $100,000 per day "easily"? I have no doubt that yeah you can make 100k in a day with that money if you yolo your money, you can make double or triple even but its all a matter of survival and avoiding risk of ruin.

You are saying someone can make 10% of their account per day for long term which is ridiculous. Even 1% a day is already super elite level if you can maintain it for long.

I see now that I read 6 figures a year, but you wrote 6 figures a day. Was assuming per YEAR not per DAY. My mistake. Per day would be awesome, but not realistic.

I started from the post made by @biloselhi. He was speaking about daily profits to make a million a YEAR.

You can see clearly that I was speaking about YEARLY, not DAILY in the post below:

 

[HolyGrailSeeker]

I see now that I read 6 figures a year, but you wrote 6 figures a day. Was assuming per YEAR not per DAY. My mistake. Per day would be awesome, but not realistic.

I started from the post made by @biloselhi. He was speaking about daily profits to make a million a YEAR.

You can see clearly that I was speaking about YEARLY, not DAILY in the post below:
View attachment 259917

Go read previous poster. He said 6 figures a day easy.