Living out of Day trading - ??

[Genuine11]

Hi folks, could you guys please suggest based on your experience if we can make living out of day trading. I don’t have status issue, I would like to know if it really works or not. If possible I want to stop working in IT and rely on day trading for monthly income.

[Anta Assamey]

[kittaya]

17 minutes ago, Genuine11 said:

Hi folks, could you guys please suggest based on your experience if we can make living out of day trading. I don’t have status issue, I would like to know if it really works or not. If possible I want to stop working in IT and rely on day trading for monthly income.

As long as if you don't depend on sponsorship... You can do what ever you want .. 

 

With h1 .. you can't .. 

 

[Pahelwan2]

51 minutes ago, Genuine11 said:

Hi folks, could you guys please suggest based on your experience if we can make living out of day trading. I don’t have status issue, I would like to know if it really works or not. If possible I want to stop working in IT and rely on day trading for monthly income.

Day trading ni nammukunte astulu ammukuntav. 

[Deadp0ol2]

 proper experience lekunda day trading tho monthly income ani kalalu kante you will vanish fast.

[Bendapudi_english]

5 minutes ago, Pahelwan2 said:

Day trading ni nammukunte astulu ammukuntav. 

Myth 

[Variety_Pullayya]

1 hour ago, Genuine11 said:

Hi folks, could you guys please suggest based on your experience if we can make living out of day trading. I don’t have status issue, I would like to know if it really works or not. If possible I want to stop working in IT and rely on day trading for monthly income.

excess cash thone cheyi..konni months block ayyina em kangaru padakudadu

i think you need to have trade excess to 50k to get any reasonable profits

also dont ever deviate from plan. always try to sell by EOD. profit or loss - calculate wisely and sell by EOD. taking few loses is fine. 

[Variety_Pullayya]

1 hour ago, Genuine11 said:

Hi folks, could you guys please suggest based on your experience if we can make living out of day trading. I don’t have status issue, I would like to know if it really works or not. If possible I want to stop working in IT and rely on day trading for monthly income.

i dont think you need to quit job. just take a job that is less stressful and wfh

[krishnaaa]

1 hour ago, Genuine11 said:

Hi folks, could you guys please suggest based on your experience if we can make living out of day trading. I don’t have status issue, I would like to know if it really works or not. If possible I want to stop working in IT and rely on day trading for monthly income.

99.99% who retired early on stocks are long term investors.

Its so much easier compared to day trading.

99.99% of day traders get wiped out.

Its better to be where odds are in your favor.

[Barney_Stinson]

so day trading is cool as long as you make a penny , few things 

always have zero expectations on returns but be pragmatic 

be aware of how much cash you can afford to loose 

more investment is not path to recovery 

dont be greedy, time the buys/sells for least risk , actually there is nothing called timing in reality 

dont be emotional 

dont get excited 

lastly dont plan on future investments/responsibilities thinking day trading makes consistent income 

there sre few players fortunate enouto make money 

majority loose or even go bankrupt 

risk awareness is the first step

bet on stocks that are of some value but not shale sheet

 

[Konebhar6]

12 hours ago, Genuine11 said:

Hi folks, could you guys please suggest based on your experience if we can make living out of day trading. I don’t have status issue, I would like to know if it really works or not. If possible I want to stop working in IT and rely on day trading for monthly income.

Very rarely day traders make money. Its very difficult to have the discipline to stick to technicals and perform. Emotions come into picture. Greed and Fear take over. 

 Try investing in good dividend stocks/ETFs/Income funds and get regular income. Do some short term trading with 1-2 weeks timeline. If it works, take it full time. 

Any money you make, pay off your debts - cars, house, etc.

[Kakynada]

 

[BenedictStone]

I've been in a similar boat and found that having solid tools makes a big difference with consistency. I started using https://axiomtrade.xyz/axiom-trade/ after a friend mentioned it, and it's helped me stay more organized with my planning and trade logs. Nothing fancy, but it does what I need and keeps me focused during market hours.

[idibezwada]

you will never make money day trading in long run