Because it shows you arent serious about your craft,and your "competition" spends morning noon and night seeking knowledge.
I’ll give you one example, back in 2005, Kevin Haggerty was running inner circle for 12 months after he retired from being a head trader from Fidelity Capital. I think that cost me around 3K back then, and was worth every cent. He used to be one of the biggest institutional traders. There are other smaller and less known. Either way, if you're a really good trader and you're running a chat room (or whichever way it is setup), then the people in the room are most likely to learn far more than they would from using the regurgitated retail stuff they find on internet.
I'm not referring to a MF head trader. Fido? Please. I am talking about a group of pros. Not one former mutual fund desk head selling sht to noobs.
Don't give up @SimpleMeLike, if you are passionate, you can find a way. I am getting back into day trading because it is something I need to prove to myself. Years ago I was a losing day trader but have done well in options since. First thing I realized when I got back in is I needed a completely different mindset. I am rebuilding everything from that new mindset. So far it works well (on paper).
I don’t know about others but for me it was not understanding probabilities, how to stack them in my favor nor that the biggest challenge is not “me against the market” but “me against me.”
I cannot speak to individual R on single names. Daily variance of perhaps $50K. One guy is more like 2-300K. Biggest DD i've seen was $3MM. Biggest gain was probably close to that figure. One guy went from <$100K to $6MM LNW in four years (CAD). He's still on ET ( I will not name).