Has anyone gotten rich from day trading?

Yes, but with a huge asterisk. I personally have daytraded for decades and made a lot of money. The key to success is to understand the markets, time your trades, and most importantly, never increase your position size. If you are still awake at night reading this, then stop now and sell everything!

For many, day trading is a lucrative business. The big challenge is to develop a strategy that can repeatedly generate profits. The key component of any legitimate strategy is its ability to take risk into account. Another challenge is managing emotions when they inevitably arise in the heat of battle. This means being able to embrace losing trades with grace and resolve.

If you want to day trade, you should be patient and committed to stick with the market for a long-term period of time. Day trading requires creating a personalized strategy that includes choosing a trading style, learning how to use technical indicators and developing a risk management plan. The difference between long-term investing and day trading is that in long-term investing, your goal is to ensure an asset's value will increase over time through strategic asset allocation. You'll need a considerable amount of patience but if you do it correctly you will reap the rewards in the long run.