Best reply I've read so far and completely true I am living proof. By the way I trade from a mobile phone with a retail account. Because of my 9-5 I can't sit in front of a computer and trade. But when I did trade prop with a local brokage using an over sea license, which wavied the Series license. I averaged 1300 weekly with 10:1 leverage with a capital investment $7500.
Thanks for the replies, everyone. As a swing trader, you will at least not have any issues with eye strain from watching the computer all day long. Am I wrong or did Jesse Livermore switch from day trading to swing/position trading? And didn't Nicholas Darvas fail miserably at short-term trading only to move back to long term trading his boxes while having fun as a dancer?
The top day traders (not sure how many exist on this site) are probably killing it and easily make more than long term traders on average due to being able to consistently exploit volatility and compound profits. However, I do think day trading is more difficult than EOD trading. Glad to hear you're trading is going well!
Many day traders don't spent all their days in front of screen at all. Proper understanding of daily market cycles is the key.
Here's the flaw with your logic. You need more than just time to figure it out. You also need money to trade. If you bleed away all your money taking the time to figure it out, it won't matter if you finally get it, because you won't be able to trade anyway! A previous post summed up the question- it's worth it if you can do it. Not worth it if you can't. What a revelation.