Here are the four facts that come to mind every time I hear about day trading:
These are not FACTS these are opinions of someone who most likely has correctly come to the decision to never day trade, whatever that definition even means. If it means buying and selling only on the same day, that is a very narrow definition of trading for profit. If it means every day analyzing and buying when you think you see something of value and at a later date determining it is best to sell then that is another. The time limitation really makes zero sense.
-I never hear about the money losing trades that must exist. If I only hear about the good and none of the inevitable bad from people who actually trade, that's a red flag. ACTUALLY mostly individuals (portrayed mostly as deranged) with losing trades are posted on this thread -People say they like doing it, but never seem to do it for very long.
-Short term buying and selling is trying to predict what your fellow man will do (to investment prices). When I look at the people around me in this world, I can't predict practically anything that they'll do. I struggle to think anyone can.
Really George Soros doesn't come to mind? Michael Burry? Kyle Bass? Tim Gritttany? this is just a few people who made millions starting with next to nothing. My friend, a former VP of a stock market exchange is working with a small 30 person group that day trades every day, he is just an employee helping write code but they make multi millions a year and his last bonus was 300K.
They all have one thing in common, they would never come to this forum and offer advice, which would be mocked anyway if they would even do so, because unless one believes in something for yourself you will never be successful.
-If you're successful doing anything (like gambling) for a short while, it can be easy to believe it's skill and not luck giving those results. If you can consistently be successful over long periods of time, fantastic! I don't think you really mean this as in the next sentence you immediately question that assumption. But those stories are rare and always feel questionable at best.