Day trading is still viable if you know what you are doing.
Failed traders are either under capitalised, have unrealistic expectations, or have no market edge, or no understanding of the draw downs that may occur even with a good system..
Day traders should be looking to make annual returns in the 20% to 100% range, instead most day traders are looking to make between 200% and 1000%.
This also makes the game 10 times mentally harder than it should be, ie you will be more likely to lose discipline.
As a day trader, risk at most 0.5% of your account on each trade. You can lose 10 times in a row and still be only down less than 5% in total.
And make sure your average winner is bigger than your average loss, don't eat like a bird and shit like an elephant. And make sure you have a long term positive expectation trading method.
