How can day trading be seriously evaluated as a long-term income strategy beyond what influencers and scams claim?
I’m trying to understand how day trading should be evaluated as a serious long-term way to make money, not from the perspective of influencers, course sellers, or get rich quick content. I’m not asking for a strategy, signals, or motivation. I want to know what standards someone should use to judge whether it’s actually viable over time. For people who have looked at this seriously, what evidence would matter? For example, how long of a track record would be meaningful, how risk management separates trading from gambling, how to think about losses, drawdowns, fees, taxes, and emotional discipline. What percentage of traders realistically become consistently profitable? What signs would show that someone is serious versus just selling a dream? I’m open to both positive and negative answers; I just want a realistic framework.