Question 1

Do day traders pay taxes?

Accepted Answer

Day traders who are making money have to pay taxes on their profits. Because day traders hold positions for a short period, they don't qualify for the favorable long-term capital gains status.

Question 2

How much does the average day trader make?

Accepted Answer

The average day trader can make about 6 figures a year, according to Zippia. Keep in mind that if you're not careful, you can also lose money.

Question 3

Is day trading a viable side hustle?

Accepted Answer

Day trading can be a viable side hustle if you put in the time and effort to learn the skill.

Question 4

Can day trade make you rich?

Accepted Answer

Yes, in theory you could become rich day trading, but in all actuality, you probably won't since the vast majority of day traders lose money.

Question 5

How many hours a day does a day trader work?

Accepted Answer

Most individual day traders will work about 2 to 5 hours a day trading. Depending on what assets they're day trading or in what time zone, they may be able to work longer than that and even in odd hours.

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