Based on my observations and experience, profitable daytrading is achieveable, but it takes a lot of effort. 1) must spend hundreds if not thousands of hours of screen time to get to a point where one is technically proficient 2) must spend another hundreds if not thousands of hours to practise psychological fitness 3) market is mostly random.. it can be predicted to a very small extent. this determines that long strings of losers are inevitable and it takes incredible psychie to be able to trade thru such losing streaks. 4) considering the above, daytrading is probably below average on the scale of reward/effor ratio among all the professions. True, to be a good doctor/lawyer/professional, one needs to put in just as much effort, if not more.... but at least the reward is more predictable. therefore, HATS OFF to those who can do it consistently.