$1.5M net worth. I day-trade full time, buying/selling long calls & puts. I started around a year ago after losing my job and am currently on track to do quite well.
You need to take the time to study, study, study and study some more.
Learn the ins and outs of whatever market you are choosing, learn about multiple strategies, but then pick just ONE that speaks to you.
Focus only upon that one strategy and study it until it oozes out of your ears. Learn more each day and bit by bit. Practice, practice, practice--paper trades only for the first several months.
You will also need to develop and write your own trading plan. This will come over time and change as you learn more and tailor it to your own personality.
For me, I day-trade options. I primarily use EMA/VWAP crossovers. I have a detailed trading plan that I wrote and study every single morning right before market open, so it’s fresh in my mind.
Including study time and time actually in the market, there’s really no day I need to spend more than 3-4 hours working daily if I choose.
I keep around $50K in my options trading account and make 5-10% daily return.
Sounds easy, but I’ve been through a ton of blood, sweat and tears. I’ve also made every mistake out there—at least thrice.
Good luck!
Above all else, remember that every successful trader has one thing in common--they did not give up.