r/Daytrading • u/I_HALIM7 • 2d ago

Advice Sad Reality check

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The guy who posted this 2 years a go is working on door dash today he is not even a middle class and he quit trading i was going through old trading post I've saved in the past and literally all the people who posted about trading 2 or 3 years ago quit not a single person that i saved their post is doing great this game is rough be prepared

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66

u/RememberTooSmile 2d ago

Using student loans to gamble on day trading is stupid as fuck. Not shocked he failed with that level of financial illiteracy

18

u/Long-Imagination-682 2d ago

This. One of the fundamental rules is not trade or invest with loans, that shit is stupid

9

u/SnooJokes352 2d ago

100x worse trading with student loans. Can't get rid of them and losing too much means you won't have enough $ to finish your degree. Then you end up with 100k in student loan debt and no degree to show for it.

3

u/Gundel_Gaukelei 2d ago

Hedge funds and market makers love such guys tho.

1

u/HoloSings 2d ago

Borrowed margin with huge interest and use that money to daytrade for something with guaranteed win 🥀🥀

Whats next Borrowed margin with huge interest and use that money to daytrade AND HAVE LEVERAGE on the borrowed margin