Anyone here do day trading?

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Poll of the Day » Anyone here do day trading?
CarefreeDude
05/08/2025
02:18 PM
#1
A friend is trying to get me into it but i know nothing about it
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Cacciato
05/08/2025
10:25 PM
#2
I had a roommate that fucked around with penny stocks until he had the capital to do do day trading (I think it was $25k through Ameritrade at the time). Last I talked to him he had made decent money doing it. It just seems like a lot of capital up front if youre new to it.
EvilResident
05/08/2025
10:27 PM
#3
CarefreeDude posted...
A friend is trying to get me into it but i know nothing about it
Dont start yet. Paper trade and research first
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Blue_Thunder
05/08/2025
10:35 PM
#4
It's basically gambling. The vast majority of day traders don't beat the market but if you know what you're doing, have a high risk tolerance and get lucky you can get ahead. I personally wouldn't recommend it though.
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#5
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Lokarin
05/09/2025
12:10 AM
#6
More like week-trading

Even if you are a betting god, the broker fees will kill you if you day trade
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dj1200
05/09/2025
12:12 AM
#7
its a big gamble if you're an amateur
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Yellow
05/09/2025
12:35 AM
#8
I was gonna say, day trading is a myth if you're poor. How poor? If you have to ask, you're too poor.

Invest your time in a better hobby, I say. Maybe even something you actually want to learn and do. Your friend is basically gambling.
MICHALECOLE
05/09/2025
12:39 AM
#9
Ill teach you how to play poker if you want
OhhhJa
05/09/2025
01:05 AM
#10
As others said, it's a rich man's game. If you're looking to get rich, probably not for you
KJ_StErOiDs
05/09/2025
01:14 AM
#11
No, I don't have the right mindset for it. Selling too early or too late really gets to me.
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Sashanan
05/09/2025
02:39 AM
#12
She was a day trader, one way ticket yeah

From the people around me I've seen doing it, it's a lot of work with uncertain payoff, so I wouldn't regard it as any more sure than any get rich quick scheme. I do invest, but long term and boring, and as best as I can, emotionless.
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Poll of the Day » Anyone here do day trading?