Anybody doing day trading a side-hussle?

[StarStruck]

Sounds interesting. You only need like 4-5k dollars to start out. It is a highly intuitive profession. If you can get good you can make 6 figures but as a side hustle I would aim at 1-2k profit per month. Does anybody have exp with day trading?

[Guest SirVladimir]

Swing, quarter-time.

This girl has it all; a self-proclaimed guru, a ten-minute club warrior, a clickbait thumbnail and title, and obviously a plethora of good ol' keywords in the description, all capitalized, such as 'free' or 'right' or 'complete' offering amazing fine-tuned solutions to your trouble. Hey, it's working out for her, eh?

Snap out of it. If you want to learn trading, start thinking in terms of probability and volatility or develop extreme levels of zen-like intuition. Read books. Cut off these illusionary auspicious channels and teachers entirely.

Be prepared for stress and toxicity; I spoke of these Two Horsemen in some older threads. You'll probs find them using the forum's search function.

 

Edited January 4, 2021 by SirVladimir

[StarStruck]

@SirVladimir I'm already reading books on day trading but I don't know what I could do more.

[Guest SirVladimir]

@StarStruck Practice makes the master. But It'll be a different cup of tea on the battlefield, brother. You'll be constantly checking your phone to see how your trade is doing. Stress will build up. Temptation, fear, guilt. Unless you manage it, of course. Having a vision for your life purpose is a great long-term plan.

[Striving for more]

@StarStruck I know the perfect course for you.

 Dm me if you want.

The course has the perfect big book list too. 

"Only need $4-5K" - BULLSHIT. 

You need at bare minimum 10K, but realistically 25K +

If you look into the course, it teaches you how to get funded for $100K. 

This isn't a scam, there are no get rich quick schemes, you would need to watch all the videos, study it hard & practice with demos for a while. 

Edited January 5, 2021 by Striving for more

[integral]

Start with a paper wallet. Or with 100$, do not start with your full capital.

Practice the instrument before going on stage to perform. 

[Roy]

I would fucking hope not lol. Day trading is literally gambling at a casino. Don't give into the shitty YouTube hype for the "laptop lifestyle", greed, and impatience. Be responsible and don't piss away your hard earned money.

[Striving for more]

@Roy Have you ever been a day trader ?  

Guys with strategy and discipline make serious money trading ... it is NOT the same as gambling if you know what you are doing & have a strategy that works. 

Let me explain to you how it works :

Strategy = High probability overall of making profit, but you will lose on some trades. 

But due to good risk to reward ratio of every trade you take, you will always win more often than you lose, and because of the low risk (that comes from you're "stop loss order" ... even when you lose, it is negligible ... but when you win > you win a lot 

So also with the probabilitiy set ups even when if you one once and lost 3 times, the winnings of that win would be so much higher than the 3 loses that you would still earn money, this wouldn't happen anyway.