Moar

>he actually fell for the day trading meme

>>1040300
>getting into trading as a side gig
There's your first problem. Trading "when you've got the time" here and there won't work for shit. You'll end up missing market opportunities due to work or other commitments.
Once that happens, you'll be more likely to force bad trades, in order to reassert the notion that your trading is a good idea.
When those bad trades go against you, you will be more and more likely to declare the market rigged and give up.
That's before you even address the financial requirements.

>>1040300
buy and hold. daytrading is bullshit and most daytraders if not watching the markets all day would be at a casino. create a balenced portfolio it will do wonders.

makets are not rational, so to approach it with a mathematical standpoint is not good. I suggest you play poker for a while to get an idea how this works, specifically the idea that a good trade doesn't necessarily mean profit and a bad trade doesn't necessarily means a loss.

also to go in with a plan is a good idea, most people don't even go in with a stop loss they just trade willy nilly, which is stupid

>>1040399
>if not watching the markets all day would be at a casino
I understand that you're implying most are gamblers, but the casino analogy kind of sucks.
I would never waste money at a casino, except maybe a couple of bucks for fun.
I can say this much: If I had taken the money I used to start my trading business and gambled it in a casino, I doubt very much it would have lasted more than a few months.
Instead, it's been seven years and I'm still trading, although I would never claim it to be easy.

>>1040380
>That's before you even address the financial requirements.
Can you expand on this? At how much money should someone consider daytrading? 10k? 50k? 100k?1004

>>1040399
That is actually my intention, "trading" is maybe a poor choice of words (not a native speaker).
I already invest in index funds, with a 5-10 year perspective.I have no intention of entering/exiting trades every day. I want to start buying individual stocks, for holding/selling on a 6 months time frame, but I want to build a strategy for picking the stocks.
I don't believe day trading is for me, I guess some people make money on it, but I can't afford to spend the day on my screen and react in seconds.
I'm looking for ressources to design mid-long term strategies, and trying to isolate my areas of ignorance.
Thanks for the feedback.

>>1040529
>At how much money should someone consider daytrading?
It sounds like you really want to be investing, and that's probably the right choice.
Trading is a realistic possibility for very few, given the time and monetary commitment necessary for a decent shot at success.

day trading can't be a hobby or it won't do anything except result in losses

you need a ton of free time and money sitting around doing nothing

>>1040548
I was just asking how much money you'd say would be the minimum to make an ok-ish profit (say a few hundred/month).
I'm a college student with only 15k right now so I have neither the time nor the money to daytrade anyway.

>>1040558
Sorry, replied to the other poster.
It's good you understand 15K and no time won't cut it. Like this >>1040553 guy said, what you'd really need is a good chunk of change (I'm going to go with 75K, ballpark) and no need for a job.
Assuming you had that, would you really still want to trade? Because most people would just say fuck it if they had the money and didn't need a job.