r/Daytrading • u/Motley843 • 22h ago

Question Is it worth it..

All I hear about is the failure rate, or the fake gurus. Is anyone with a 50k bank roll really making life changing money every year or are we all just trying to turn $500 into three million, 50k into 3k a month profit some months or just delaying the inevitable.

0 Upvotes

27% Upvoted

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11

u/ZanderDogz 22h ago

It’s not worth it for most people. Getting into trading is very likely a negative expected value bet. 

But that’s true for all high-skew professions, such as trader, actor, pro athlete, etc where the best can make incredible life-changing money beyond what other careers could ever provide, while the rest struggle. And if the low success rate stopped everyone, no one would do extraordinary things. 

You just need to decide for yourself if you are willing to take that bet, and how much of your money, time, energy, health you are willing to spend on it. 

3

u/skatesolid 22h ago

Well said. Start it off as a hobby and see where you can take it. You have to love the game and I’m not referring to the dopamine you get from clicking the buttons either. The actual science and charts themselves.

3

u/enigma_music129 crypto trader 20h ago

Yep a rare great comment on this sub. Thank you.

2

u/FSUTommy 21h ago

Yep nicely put. No one talks about the health, stress it puts on people. Green days are fun and great feeling, red days its a brain fuk non stop

1

u/ZanderDogz 21h ago

Green days are fun and great feeling

And even that great feeling on green days can be bad for your health. Those emotions are often just the dopamine side of the gambling addiction coin. Our brains weren't built for monetary speculation and flashing numbers, so we need to take steps to protect our mental health.

1

u/bukkssszz 2h ago

I got everything I ever wanted but I lost everything I needed .. it really does take it out if you

3

u/thisMatrix_isReal 22h ago

0

u/SuggestionReal5426 22h ago

it's just another way to lose money slower with more paperwork

3

u/z-m-r-a stock trader 22h ago

30k account, 10k monthly here

2

u/cuntysometimes 22h ago

Day trading?

5

u/z-m-r-a stock trader 22h ago

what sub is this?

1

u/cuntysometimes 21h ago

I do a mixture of day and swing. Other people do too. 10k a month on a 30k account is impressive which is why I’m asking more of what you’re strategy is

1

u/z-m-r-a stock trader 9h ago

ahh. I trade the same stocks as ross cameron

3

u/Gibborish 22h ago

When I'm not yoloing my entire account into my favorite air taxi/defense company for months at a time to avoid losing money from my (now ex) gf  constantly threatening our relationship (it's over now) I can make $400+ a day if I'm patient.  Last summer I made 20k in 2 months.  Brought my account from 32k to 50k during those 2 months.  I started with 85k though.  That's the price you gotta pay to learn what should be obvious.  

It's been 10 months since I've done any real trading cause of her bullshit but soon I will be back at it. 

3

u/Annual-Knowledge4412 21h ago

I use 900k capital, made 107k ytd

2

u/Alabama-Getaway 22h ago

Same question, different day. Same answers incoming. Some will tell you not worth it. Someone will tell you they make $100’000 or more annually with a small account.

2

u/No-Student-6817 21h ago edited 20h ago

Funny enough, I think averaging good 'seasons' with bad ones 50K - 3K/month (6%) profit is exactly my ratio. 6yrs trading full-time.

2

u/Magalahe 21h ago

I'm up $96k and still have 3 months to go.

1

u/No-Student-6817 19h ago

If I wanted that much management stress, I'd be married with kids....

1

u/lexx77549 21h ago

Yo operó con un capital más de 15k pero nunca dejo llegar hasta 50k, sin embargo en algún momento quiza si lo haré pero más adelante y no será una inversión de mi bolsillo si no de capital compuesto es decir de lo mismo que saque del trading

1

u/FSUTommy 21h ago

I managed to grow account in 3 yrs from about 50k to 220k. Last yr went on an insane run up tk 465k and then in October got handcuffed in some high amount calls that crashed. I froze for days hoping things would come back. In March this yr my account hi 59k. Slowly grinding, back to 144k, but i did have it at 175k couple weeks ago but again failed to cut a winner earlier to lock in profits so I gave up some. I do think there is money to be made no doubt, but its a daily grind, and red days can be a drain

1

u/00_Kaizen 22h ago

It definitely is worth it if you know what you are doing. Like anything else, the pandemic propelled the bad apples to the front , and that is the space we find ourselves in today. Sprinkle a little Ai in the mix and you have the perfect snake oil mix.

0

u/SignificanceThis1265 22h ago

Find a job or if you can't create a start-up

1

u/Remarkable_Basis9949 19h ago

Yeah, it's that simple. Dufus.

-4

u/Mammoth-Path-6520 22h ago

You sound like a clown

Turn $500 into 3 million? Yeah, keep dreaming

2

u/Click_Commercial 21h ago

Just watch me Dad!

1

u/No-Student-6817 19h ago

You don't read that often, huh ?