69
A Stock Marxist in a den of snakes
(hexbear.net)
For posting all the anonymous reactionary bullshit that you can't post anywhere else.
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Is daytrading a viable side hustle? I was always told it was essentially gambling.
it is. and the people who do it are like those guys who hang out at the track or OTB joints and claim to "have a system".
you can do just as well investing in ETFs and never looking at your portfolio. Day trading for money you need right now is probably doable if you have some money to start with. But even then your gains are small, and i imagine many times the stocks are bought and sold so fast that the taxes are higher on them.
Everything in life is gambling.
Yes, people make real money daytrading. Most traders fail but there is a small number that succeed. The biggest lesson I learned recently is to manage risk properly and use correct position sizing. Make sure no one trade can wipe out your account!