Day trading is the fastest form of investment that can bring profits to investors but it also implies a lot of risk. In order to succeed with trading day you need to analyze good candlestick chart technique, follow the market trend, always set profit target and stop loss correctly. These are the things you need to accomplish in order to achieve a good profit during the day.
I agree with you mate! Day trading is profitable but very risky as you have to battle with the market every day but if you are ready with all your weapons then you can win. It has higher risk with high rewards compared to investing since you can have profits even if we are in the bear market and more in the bull market. Day trading takes a lot of time and needs someone to monitor the charts almost all the time to catch the profitable trades and enter the market at the right time. I like day trading more than long term because I like to get acquainted with the market and possibly understand and recognize how the traders react.
Yes, it is very easy to earn if you invest more than 1K USD! If you start to trade with 1K USD then you can easily earn more than 50$ in a day. But sometimes you can lose heavily too. Because you know well, every time we can't make profits from trade and it is a simple matter in daily trade. If you really a daily trader then you must follow market cap every day, how market cap charts are going on. Good Luck
I don't think it would be that easy to earn $50 in a day with a $1K capital unless you are already a pro trader but if you are just starting to trade then there is a higher tendency for someone to FOMO and then sell at a loss. You need to follow what is happening in the market every day since you treat it as your job and it takes a lot of commitment to do that.