I hear about friends of friends that made a killing day-trading during the dot-com boom but I haven’t heard of anyone making any money at it in the last few years. One of my buddies went to a seminar and dropped $3,000 for a computer program that tells him what/when to buy/sell. It was worthless! He might as well have have used a random number generator to make his picks. Total loss of 3K. I think he roughly broke even on his day trading – some gains, some losses but the software was a total loss.
