I guess you're right about mutual funds and index funds being the best option for average investors. It's just that the market seems so high right now that I feel more confident to buy stocks that appear undervalued. After the next major correction I plan to increase my position in index funds.
Funny you mention day trading. I tried that for a while in my early 20s (31 now). It was very exciting, but I hated it. I was checking my phone all the time, even in the middle of the night. I felt almost relieved when my account hit zero, lost about 4k there. The price for being a sucker.
For the next few years I didn't invest at all, I just worked and saved. Only two years ago I began to invest again. It's fascinating reading blogs on early retirement and on living below your means. It feels great to know my wife and I are making progress towards our financial freedom.
You're right on the cryptos. Although I'm holding it feels a bit like day trading again, checking the rates multiple times a day and feeling excited or agitated because of the numbers. And it's so stupid. Suddenly, in the last two months or so, so many people have begun talking about it. Friends I meet, people at work, conversations I overhear. It's insane. These are people who have never showed any interest in investing.
Bullwinkle: "Hey Rocky! Watch me pull a rabbit out of a hat!"
Rocky: "But that trick never works!"
Bullwinkle: "This time for sure!"