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Many people have made millions just by day trading. Some examples are Ross Cameron, Brett N. Steenbarger, etc. But the important thing about day trading is that only a few can make money out of day trading and the rest end up losing their entire capital in day trading.
Imagine a small trading account ofR$1,000. When we risk 2% -R$20, how big profits can we expect? If we consider the 1: 1 fixed money management rule, we can expect earnings aroundR$20 per trade. In order to reach the average monthly salary ($1,500), you need 75 profitable trades.
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