is day trading even worth learning for someone in my situation...

[Zweihander7]

Have been considering day trading and back in 2019 I did some swing trading for 4 months and made about £50k profit, but got really greedy and lost £150k in 1 day when covid hit. Decided I would stop trading and just take my money and buy & hold QLD (2x levered Nasdaq 100 ETF) to recoup the losses eventually. Since then in 2020, 2021, 2023 and 2024 every year my portfolio has printed six figures GBP profit from just buy & hold.

This is not a humble brag, I am just genuinely wondering given its takes at least a couple years to become consistently profitable trading do people think its actually worth someone in my position going through the slog of learning to day trade, or do you think relative to my buy & hold portfolio I am unlikely to see profits near the same level so shouldn’t waste my time?

I grew up very poor like mattress on the floor cockroaches on my bed poor, so I have paranoia about money especially being reliant on money that I didn’t do very much to earn.

 

[ThaddeusFinch]

Have been considering day trading and back in 2019 I did some swing trading for 4 months and made about £50k profit, but got really greedy and lost £150k in 1 day when covid hit. Decided I would stop trading and just take my money and buy & hold QLD (2x levered Nasdaq 100 ETF) to recoup the losses eventually. Since then in 2020, 2021, 2023 and 2024 every year my portfolio has printed six figures GBP profit from just buy & hold.

This is not a humble brag, I am just genuinely wondering given its takes at least a couple years to become consistently profitable trading do people think its actually worth someone in my position going through the slog of learning to day trade, or do you think relative to my buy & hold portfolio I am unlikely to see profits near the same level so shouldn’t waste my time?

I grew up very poor like mattress on the floor cockroaches on my bed poor, so I have paranoia about money especially being reliant on money that I didn’t do very much to earn.

Your fear of losing it all again makes sense given your background, but you don’t need to prove yourself by struggling, staying wealthy is just as impressive as getting there. If you’re craving more involvement, maybe look into building something or investing in others, but don’t risk what’s already working just to feel like you “earned” it more.