economicz

I don’t think anyone just claim to be professional day trader the first day they open a trading account.
Obviously, all those day traders started working for someone else (at least part-time) during the learning curve until they are competent enough to make a living out of it.
And yes, most traders are not equipped enough to make a substantial living, but so is portfolio management/ investing banking! Think about all these highly educated degree holders and charter holders who want to “make it” in the industry, and how many of them end up making the big bucks?
My argument is, the chance of becoming a successful day trader is about the same as becoming an elite financier.