"Day Trading Is the Fastest Path to Wealth"

Day trading is the fastest path to wealth—except over 90% of day traders lose money, a figure that outperforms the failure rate of #2 on this list by 15 percentage points. TikTok influencers cherry-pick winning trade screenshots to lure young people into burning through their savings, yet a study of 1,600 traders found the median net loss was $34,000. This advice is cheaper than the typical rival in terms of upfront cost, but the hidden expense is devastating: capital losses plus trading fees average 30% of initial investment per year.