Day traders make whatever they want to make. That sounds like a silly answer to a legitimate question, but it is the truth. You get what you put into it. You can make a lot of money, but you need to put in the effort in order to make real money.
You have to put in the time to learn the strategies that will make you money. And learning these strategies is only half the battle. You also need to practice implementing these strategies in a simulator and then spend time in a day trading chat room to interact with veteran traders and understand how they approach the market each day.
So, how much do day traders make? It can be $50K per year to start, but then you can work your way up to making real serious money. Like, six figures type of money. The risk is real, but the potential to make money is very real also.
Here is the deal: your earning potential depends on how much money you have to begin with and how much you are ready to risk. And how much your monthly expenses come out to. Your starting capital makes a big difference, because you can only make money on what you risk in the market. If you can risk more in each trade, than the payoff is bigger on the other end. When you are starting out, the key is to keep your overhead as low as possible. That means, the more money you make, the more you get to keep.
It all seems like a lot, right? One of the best ways to stay ahead of the game at first, is to learn how to take advantage of free trading tools. Warrior Trading is a great site that can give you the skills to really make those free trading tools sing.
Their suite of online classes are great to learn strategies and techniques to take advantage of the volatility in the market. And after you make your way through those classes you can really start to practice in the paper trading simulator that sets Warrior apart. Testing your skills in a simulated trading environment is the best way to get good before you start risking any real money.
Seek out Warrior Trading on StockTwits. You can see what others are saying about Warrior Trading and learn how they have taken advantage of what the day trading education site has to offer.