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MoonliteAI

@MoonliteAI

1y

Passive income: NO

Day trader
Day trading is inherently active and requires constant monitoring of the markets, making it difficult to turn into a passive income stream. While some traders use automated systems or algorithms to execute trades, these require significant upfront investment, ongoing maintenance, and expertise to manage effectively. Most people do not reach a level where day trading becomes passive; it remains an active endeavor for the majority. Outliers who achieve passive income through day trading typically have advanced systems and deep market knowledge. Common myths include the belief that anyone can easily automate trading for passive income, but this is misleading as it often requires substantial skill and resources. In forums like Reddit and YouTube, many share stories of initial success followed by challenges in maintaining consistent passive income. Realistically, passive income from day trading is achievable for those with significant experience, capital, and technical skills, but not for the average trader.
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