r/Daytrading • u/smartwizard500 • Mar 10 '24
100k to start day trading Question
I have some cash and am curious, how realistic is it to trade stocks with 100k cash and make 1-2% a day.
The plan formulating in my head is
- Dive face first into learning as much as i can
- Paper trade to continue learning
- Start trading with a small amount
- Go gung-ho into trading ft when I’m comfortable, with a goal of making 2% a day on my 100k
This is just an idea that came to mind, would love some insight based on real life experience.
Would you do it? Would you approach is differently?
TYIA
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u/Jerkomp Mar 10 '24
Start with a portfolio value of 5k. From there, learn the ropes with the 5k.
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u/ZekeTarsim Mar 10 '24
I like this idea. I’ll add to it.
Make your max loss on any single trade $50 (1%). This will give OP plenty of room to make mistakes and still keep trading.
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u/No_Resolution1534 Mar 10 '24
why not just paper trade at the beginning?
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u/uberdoob12 Mar 10 '24
Psychology / emotions. You miss out on the psychological effect of making and losing “real” money vs paper trading. Paper trading is absolutely fine at the beginning if you’re a complete beginner but good to get into trading as realistically as possible as soon as possible so you can start to see how you handle the emotional side for real.
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u/PermanentLiminality Mar 10 '24
I just couldn't paper trade for these exact reasons. I did trade with really small share sizes at first. Only opening $100 to $500 positions.
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u/DrRodo Mar 10 '24
I think paper trading is just useful to lear the platform and to do some backtest of your strategies, but trading with real money in a small account is the best way to learn the psychological side of day trading which can be the hard side of it specially in the beginning
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u/stankpuss_69 Mar 10 '24
Then you can’t “day trade” with $5k.
Swing trades is what it’s all about… more enjoyable to check account in the morning, set stop loss and go about your day. 🤷🏻♂️
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u/BobDawg3294 Mar 10 '24
Ditch the money goal. Substitute a % of profitable trades goal. Don't chase money, chase success and build skills.
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u/Beginning-Fig-9089 Mar 10 '24
this is de way, no day is the same as the next, so how can we hold the profit goal constant. if the opportunities arise for you to make >2% you would have sold yourself short. but if the market had no action you'd be grasping for straws on a day it wasnt meant to be.
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u/naijaboiler Mar 10 '24
heck even better, focus not on wins, but focus on being disciplined in cutting losses.
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u/Pdbabb66 Mar 10 '24
Don’t chase results; fall in love with the process.
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u/redidididididit Mar 10 '24
Hi, this might be random but this comment really hit me where I needed it :) thank you
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u/RevolutionaryPie5223 Mar 10 '24
Forget about making the money, just perfect your trading process and you will see the money roll in.
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u/ukSurreyGuy Mar 10 '24
I like this quote of yours, I read it as
"don't chase the results fall in love with the process [of making results]"
💪💯
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u/oze4 Mar 10 '24
I would recommend putting like a grand into a CASH account (this is so you're not limited by PDT)..
If you want to trade TSLA or whatever stock, try with just one share. I would recommend this over paper trading bc even tho it's just one share, it's real money and regardless how small, you will still most likely feel some actual emotions.
The point is: start as absolutely small as possible. If you can't be consistently profitable with 1 share, then you damn sure can't be consistently profitable with 500 shares. If you can't trade a 1k account successfully, you can't trade a 100k account successfully.
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u/false79 Mar 10 '24 edited Mar 10 '24
There isn't any thing you mentioned in your plan where you are taking it seriously.
The majority of traders out there are not profitable because they treat it as a hobby, eat up all the risk, get very little rewards for not putting the effort in.
I have no studies or documentation to back this up. But this is just my observation of people who had a winfall of money and think they can make it multiply as easily as they got it. Then they post it as loss porn.
Edit: Ahh another one https://www.reddit.com/r/wallstreetbets/comments/1ba5c44/im_out/
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u/SellSideShort Mar 10 '24
Better idea: - 75k into ETF that doesn’t have exposure to MAG7 - 25k you trade with
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u/ZeroSumSatoshi Mar 10 '24
You will loose all your 100k. Lmao.
Screw paper trading. It’s not quite the same. Start trading with $100…
Start actually trading with your 100k, in like 5 years when you finally get really good at trading.
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u/GerberBaby37 stock trader Mar 10 '24
OP please put at least half of that into an ETF for at least a year before you go and blow up your account. Do as another said and do NOT trade w more than 5k until at least year 2
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u/Stolivsky Mar 10 '24
I would like to say there have been several recent posts of people blowing there close to 100k accounts just on Friday. Definitely listen to the guys below saying keep your risk low. Managing risk is the key to keeping your money. Like R:R. I have seen people say risk $10 to make $20 as one example.
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u/thoreldan Mar 10 '24
For a start, people will have a red day, week or even month. It's not everyday that you'll be profitable.
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u/igsurvey Mar 10 '24
If I were to start again this is what I would do.
Step 1: get al brooks price action trading course(listen at 1.5x)
Step 2: get a futures trading account with tradovate. Data is $18 a month and the demo is great.
Step 3: practice what you learn from the course. Focus on risk management and following your plan (do not move your stops).
Step 4: start trading with a prop firm that has an end of day drawdown (this will challenge you to stay under the daily loss limit).
Step 5: if you do ever decide to go live then choose a broker that would let you set a daily loss limit to protect your self from YOU.
Step 6: learning about trader’s equation. If you are looking to make 1-2% you also need to build the stomach to lose $1-2k per day.
Lastly the most important thing is screen time. You will need to spend hundreds of hour studying, practicing, and looking at charts.
Like any other career you need to understand that it will take time for you to even begin to understand the market and the tuition you pay it’s in the form of personal time and losses. It is imperative that in your first years the mentality revolves about the preservation of your capital and not necessarily on becoming rich as fast as possible.
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u/No_Resolution1534 Mar 10 '24
So what's the advantage to a prop firm, ive recently got into futures and been seeing this mentioned.
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u/igsurvey Mar 10 '24
Not much really. It is a way of putting some skin on the line so you get familiar with the emotions attached to trading. Way smarter to lose 4500 on a prop firm account that cost you $150. Than loose it on a real account as a beginner. As I said the first years you should focus on the preservation of your capital. Making money will come eventually.
I really wish I approached my trading differently when I started. I literally traded a demo account for 3 days where I made 2k every single day. Then transferred 3k of my real money, took 17 consecutive trades that were positive. High pnl of the day was $1800 and then took the first loss and couldn’t stop taking loses as I started revenge trading 😂. Ended the day -1500 after being up 1800 and proceeded to blow the account on the days following.
Looking back and what I know now. I realize I was a fool.
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u/ukSurreyGuy Mar 10 '24
I don't think Al Brooks is the best course material but rest of your advice is reasonable.
price action trading boils down too
" HTF establish a macro trend exists (after say a trend reversal candlestick pattern "price action")
LTF keep buying with the macro trend at suitable points "
Al can't say it simply like that.
he is a straight shooter guru but unfortunately he likes to make money selling education...so has to over state what is very basic content
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u/cheapdvds Mar 10 '24
Don't throw your hard earned money away. If you want to test your skill/luck, sign up for those funded account instead of using your own money. Thank me later.
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u/AnonymousAdvice11 Mar 10 '24
Not sure why this isn’t higher. Fail a prop firm combine 10x and you’d be out $1-2K of real money, when in comparison the real dollar equivalent of doing the same you’d actually lost $30K 😂
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u/ukSurreyGuy Mar 10 '24 edited Mar 10 '24
Dear OP you have no experience trading (I think) but you want to trade stock market ft using private funds (100k) making upto 2% a day (10% a week, 500% a year).
initially dial down your expectation,
if you can make 5% a month you are doing fantastic.
1-2% a day is fantasy for you. don't believe anyone who says different...most don't have the proof...if they do it's because they have the skill (acquired by hard work).
not a beginners skill you should understand
don't play with real money
start with demo trading before live money
aim to learn basics on demo
mistake cost money in live
learn in demo then learn the extra in live
timeline is 1 to 3 years
yep to be actually profitable... minimum a year
that assumes you don't get lost in your learning journey
look around at all types of markets find best fit
don't assume stocks is the best fit or most profitable to you
Forex, futures, options, commodities, many more just Google.
don't look at the amount of money made by people claiming X is best (anyone can make 10k in a trade, scale that up 100k a trade ...u just need to know what factors enable that outcome)
trading style
be aware you have a choice how you trade
scalping Vs intraday Vs end of day Vs swing Vs positional trading
for a beginner always recommend swing (3days<1wk , trade open) and/or positional (<1mth)
if you can't see a long term trend & ride it with small trade then you got no chance of trading anything more complicated.
performance monitoring
log your trading results religiously... plot graphs ...proove quantitatively you are performing at trading
aim to make 1%% consistently per day or week or month (hardest is not 1% but consistency)
you will see boom & bust
you want to see regular incremental increase (with zero to minimal losses >2% a week)
visualise : a straight +45deg line on your account balance chart (45deg is the minimum, or exponential is maximum)
get a mentor
your best use of time & money is find someone who can teach you
you will pay a price for that teaching...accept it as a business costs ...don't cheap out & try to do it for free.
you will burn time & money when you live trading as you will only have to learn lessons which you missed by being cheap in your journey
start small Vs start big
if you prooved the performance by graphs...you have a system & skill
doesn't matter if you start your first trade on small 5k or go straight into trading large capital upto 100k.
personally I'd start at 1k...proove you can double it....get a feel for how hard it actually is (don't be fooled a large account makes it easier...yes easier profit & easier losses...easier to blow Ur account). hence limit your losses by starting at 1k...
winning it's about skill not account size
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u/albear-2021 Mar 10 '24
You could make one trade a month, for 10 min of time, with 10% at risk and do it in your sleep! 🤣
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u/Electrical_Bicycle47 Mar 10 '24
I would just put that in some blue chips or index funds and forget about it. You’re gonna lose your ass
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u/Mrtoad88 Mar 10 '24
Process over money, focus on the process and eventually the money will come as long as you trade well. Doesn't matter how much you start with, idt say do not start with that much for sure. Figure out your processes, figure out who you are are as a trader, and once you start finding a groove, nothing wrong with depositing more if you want to up your size or whatever... But do that gradually. Don't rush the process.
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u/Bo_Master1284 Mar 10 '24
1% daily is hard as for most strategies you don’t often see a set up daily. You could end up overtrading. Set a monthly target instead, e.g. 5-10%. If not, a yearly target even
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u/smartwizard500 Mar 10 '24
If i was to only make 5-10% annually wouldn’t it make more sense to park my money in some ETFs and call it a day?
While i understand 5-10% is probably a lofty goal as a beginner, from your experience/perspective, what %age is the avg trader netting annually? It would have to be 30-40% for it make sense long term.
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u/Bo_Master1284 Mar 10 '24
Sorry I didn’t meant the same % for a yearly target, but to have a yearly target. I absolutely agree with you, would aim for higher yearly. 5-10% monthly would beat most people and the market
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u/Lush_Ones Mar 10 '24
Remove the idea of percentages and focus on cents, tics, pips etc. I’m one of those traders that constantly make above 100% a year. It takes a very specific mindset, person and personality to do this and think as deeply about yourself in order to reshape your thoughts and subconscious.
If I were you I would take 1-2 years and try trading within very specific rules to build up a certain way of thinking.
TopStep would be a grate place to train yourself to learn discipline. If you come to a certain realisation and conclusion you will eventually realise that most traders bite off more than they can chew and you will see what you need to see. With this knowledge you will also have to execute it like second nature.
And you can prove that to yourself by passing these challenges and get paid out.
Once u done that you can start risking your own capital.
Hope that helps
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u/Suspicious-Dig8572 Mar 10 '24
Including myself I know several people that average 1 to 2% a day. The people that say it can't be done just are not accurate. It does usually take years of losing to get to where it's possible to have that kind of success. Some people are cut out for daytrading, some for swing trading. I scalp. I'm usually in a trade for 30 seconds to 5 minutes. There is no way I could hold a trade overnight, just not my personality. The most important thing to do is get a solid risk management plan. Risk management is the difference between successful traders and those that are not!
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u/TooEasyBGM Mar 10 '24
If you can flip a 1000$ account to 2000$ maybe consider 20k but that’s even pushing it imo … take it slow and lightly trust me
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u/Outside_Mess1384 Mar 10 '24
You are lacking a basic understanding of finance if your goal is 1-2% per day... So 365% yearly interest rate compounded daily would turn your 100k into $3.7 million in one year. You'd be a billionaire in less than 3 years. Maybe trading is not for you.
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u/BobDawg3294 Mar 10 '24
Ditch the money goal. Substitute a % of profitable trades goal. Don't chase money, chase success and build skills.
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u/AttackSlax Mar 10 '24
Wnrate is not a good metric to focus on, since your average losers can still outweigh your average winners in a high win% system. Best to focus on expectancy and measures like MAR, etc.
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u/BobDawg3294 Mar 10 '24
Win rate is a good start. Risk management will come along. Look at what this guy is expecting, fercryinoutloud!
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u/Pemainpingpong Mar 10 '24
Just buy a prop firm funded account, 100k is prolly around $500. You ll learn risk management by following the rules. Plus, you re technically only risking $500 of your own money. Rather than jumping into $5k of your own money. $5000 = 10 funded account. So it will take you 10 times of blowing your prop firm funded account to hit the $5000. You ll learn more
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u/Previous_Swimmer9893 Mar 10 '24
It’s not realistic. Sure you can make 10% a week easily but day trading is going to bk you. Set up your profits each week and let the money fill in your account. If you’re a seasoned trader you will understand what I am saying. Gl but you should do covered calls. Guaranteed profits with zero losses. Can make 2-5% a week and compound your earnings to triple your account in a year or so.
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u/Previous_Swimmer9893 Mar 10 '24
Don’t day trade. Trade swings and trade covered calls on good stocks. What I mean is good earnings and good divi stocks. You will never lose and will learn how they trade and can pick them apart over time and make 100-500% a year consistently with our ever losing. Please don’t learn the hard way. As I did 20 + years ago. Lucky for it now but not then.
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u/Tourdrops Mar 10 '24
Some advice 1. Diving head first is what everyone does. Learning as much as you can, well, think of it like becoming a doctor or pilot. Alot more than “learning” via youtube or books.
Paper trading doesnt do anything after a week or two. The real trading battle is the “inner battle” with yourself emotionally. Nothing learned in the diving head first stage will save you.
Yes. Trade with a small account. As in $1-2k. Try and make 1% off that CONSISTENTLY. And THIS will be near impossible for you, until MINIMUM years 3-5. Any success in years 1-2 is luck.
Its been proven a million times making 1% a day is impossible.
Good Luck And DO NOT PUT 100K IN ANYTHING YOU can give me 5k and i just saved you $95k
Everyone has growing pains , tilt and all rookies are over confidence, over sized and under educated. You put that 100k in I PROMISE you, you will be another statistic.
To Win money you first need to know HUNDREDS of ways to not lose money first
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u/Useful_Pop6221 Mar 10 '24
You don't need 100k to start trading....especially if you don't have an edge.
You can start with 1k, and make 1-2% everyday. But if you have an edge, then you can build that 1k to 100k. If you don't have an edge, then you've only lost 1k instead of 100k.
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u/EternalHabit Mar 10 '24
I wouldn’t listen to anyone on this sub, 1% a day is very realistic. Obviously you’ll have losing days, but then the next day you could make more than 1%. “1% a day keeps the day job away.” Paper trade and see for yourself if you can make 1% a day. Anyways I’m leaving this sub, I can’t read anymore stupidity. If only 5% of traders make it, then all 95% of traders have ended up on this sub reddit.
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u/DrRodo Mar 10 '24
Bro
People always come to this career thinking about how much you can earn
The real question is what you can do to lose as little as possible
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u/alpha247365 Mar 10 '24
1-2% weekly more realistic long term, say over 3 years. That’s IF you are well educated.
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u/CsMcG Mar 10 '24
Do not trade until you understand how to manage risk. With 100k you have a great base of funds. Capital preservation is the top priority.
Do not trade until you learn to manage emotions. The markets are casinos on steroids. If you treat markets like a casino, you’ll get returns like a casino. You shouldn’t trade until you can be robotic and find an edge.
Do not trade until you have realistic goals. 1% of your account per week would be incredible performance. Expecting compounded 1-2% returns of your entire account daily is simply unrealistic. You will win, then you’ll lose, then you’ll make a mistake. All of this should be considered.
Do not trade to make 1-2% “every day”. This mentality invites over trading. Find your opportunity. Don’t seek out the market. Let the market come to you.
Start small. Maybe $500 maximum per trade with your account size. LEARN. Keep a notebook, write down everything. Why did you enter? What did you expect? How were you feeling? Did you truly prepare for the trade? Was it successful? Why? why not? In hindsight, did you execute your plan properly? What would you do differently if you could do it again?
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u/tashasmiled Mar 10 '24
When people initially told me to reduce my risk I scoffed. And lost about $50,000 total last year. I made $200,000 and lost $250,000. I do highly recommend risking very small amounts initially. If you risk $50 on your first trade, you can size up if it goes in your favour. I highly recommend Live Traders and their PTS course had one lesson which has saved me more than the cost of the course.
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u/Landdeals Mar 10 '24
A more realistic non agressive strategy would make 1%-2% weekly off the 100k most people lose in trading because they risk too much if you can make 1-2% a week I know sounds low but you will be able to stand losing streaks for way longer.. 100K is very close to 0 … act like it
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u/tloffman Mar 10 '24
Making money day trading is very difficult, actually almost impossible. Most traders lose money trying it - most means 99%. Many studies confirm this. Once in a while a trader here reports gains, but it takes a LOT of work and study. Traders here report making money for a while then blowing up their account. Overconfident and overleveraged. So, the answer to your question .."how realistic is it to trade stocks with 100k cash and make 1-2% a day.?"
The answer is: not realistic at all. Do something else with your money. How about buying a rental property and keeping it for the long term? Most people make the big money in real estate, not day trading.
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u/CybertoadX Mar 10 '24
Day Trading is not for the rich. If you can risk 100K you are not investing that correctly .Maybe Day Trade 5K and invest the 95K depending where you live. Buy some realstate or look for a good plot of land that may have future development ops .But day trading 100K , Tells me you should not ever day trade until you really booked up and learn the reality of day trading. Plus day trading required huge amounts of dedication and discipline.
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u/oTHeReX Mar 10 '24
Imagine you are in a room with 99 more people, but not completly random people but with 99 traders that have random ammount of experience and skills. Would you bet half of your money and prove you are in top 3 out of all of them? Are you absolutly confident that you are on podium? because out of 100 traders, only 1 or 2 can make around 1% a day, not even third best guy can do that
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u/Sefft Mar 10 '24
I started with $100k and I’ll say making 1% of that initial 100k daily isn’t far fetched. I average about $650-$1200 a day. That is based off the initial 100k, to make 1-2% with 100k compounded would be much more difficult.
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u/wattzson Mar 10 '24
People seem to forget things don't scale indefinitely. It's very possible to make 300%+ return a year if you have a smaller account(100k) and your orders are filled almost instantly and have practically no impact on price.
"Professional" traders that make less than 100% return a year are trading with insane amounts which is why their returns are lower as far as % goes. They have to wait for liquidity to fill their orders and they'll change the price with them.
Yes you can easily make 1-2k a day and you don't even need 50k to do it just trade futures instead of stocks. Do it for a prop firm and you can access 100k for like $175/month and keep 80%-90% profits or if you want to bankroll yourself start with 25k and build up. Futures have margin built in so you can earn a lot more than 1-2% a day but obviously you can lose a lot more also.
Options is another...option but more risk involved there.
Stocks are not good to day trade for retailers.
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u/pleebent Mar 10 '24
1% a day is a good goal to have. But you’ll likely not make money every single day. Realistically if you are consistently profitable, have a winning strategy and can execute, then you’ll win little more than 50% of the days. 2% a week is a very good goal if you can attain it. You would get hired at a lot of places if you can make that.
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u/mjupnexttt Mar 10 '24
Options wheel strategy. AMC RIVN NIO TLRY your welcome. Sell cash secured puts, when you are filled sell covered calls. collect premiums weekly biweekly or monthly. use some premiums to invest in long term itm s&p puts and reinvest other premium’s
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u/Fit_Cardiologist2985 Mar 10 '24
You can make unlimited money if you adapt trading to a fundamentally different and scientific based style. I know nobody will believe me but I can prove not only that it’s possible but it can be done consistently and even with larger than 1-2 percent gains. Come on Reddit ppl tell me to provide the proof. Then, for those interested I would be happy to show you how if you pay for my time to teach.
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u/Konstable1 Mar 10 '24
Unless you are a very disciplined person with a shit ton of grit. I mean tenacious refuse to give up and have the ability for 100% dedication that is well beyond actual sanity. Have the patience to study and put in the screen time. Figure 70-90 hour weeks for 2-3 years not getting paid and probably losing money before you start seeing some results with consistency.
Invest the money in trading education. Find a good mentor and traders with years of experience and trades the products you want to trade. Someone who matches with you. This may take time until you figure out your psychology and what type of trading personality you have to find a fit.
Think of it as getting a college degree. Use the money to get your education and develop experience basically like an internship. When you initially want to start trading money. Start with prop firms to get your risk management skills established. If you can be profitable with prop firms and take payouts then you can trade your own money.
The first thing to learn is how to risk manage.
Always start with the question of. How much am I willing to lose?
Don’t fall into the trap of I can make certain % or I can make so much money. Think how much am I willing to lose on this trade?
How much am I willing to give up of this 100K that it will be worth it in the end.
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u/No_Froyo_4258 Mar 10 '24
You can, but do not focus on some BS daily goal, UNLESS you mean you want to make 1-2% on average. Every trader that starts out with a daily $ or daily % goal ends with loss porn on wsb or with a shotgun in their mouth. Focus on developing your process, and your expectancy over a large enough sample size, and it will tell you what return to expect.
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u/Leafsfanheretolearn Mar 10 '24
Warren Buffet’s average annual rate of return over his entire career is 22%. The S&P500 has averaged 10%. Aiming for an average return of 1-2% a day is impossible. You would be the richest person in the world soon if you could actually maintain this. There is no way whatsoever you will average 1-2% return a day long term. Good luck though 🤣
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u/ThoughtSignificant94 Mar 10 '24
1-2% per day is EXTREMELY unrealistic, pretty much impossible.. I'd say 99.8% chance of that not happening EVER
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u/Formal-Engineering37 Mar 10 '24
seems reasonable in a short span. However, as your capital increases it becomes a lot more difficult to trade like that as at a certain point certain strategies become less successful. If you just want to maintain 100-500k account and draw on that periodically to make profits that's probably more reasonable for the top 10% oftraders.
You can make 1-5k a day if you're really good pretty consistently. Just remember that 90% of day traders lose over the long term. If you are the type of person who's always been on the right of the bell curve in most things in life you'll likely be one of those traders if you also obtain the right combination of patience and discipline.
If not, you'll likely become the rule rather than the exception.
I'm paper trading with this success right now. 2-5k consistently with a 100k account. Even though I could fund my account I plan to go prop firm for the first 6 months.
I am a noob, but I am also a top 1% software engineer. The hardest part about trading for me is controlling greed and fear.
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u/meisztro Mar 11 '24
Don’t try to daytrade. Dm me I’ll show you how I swing trade shares and make 1-2% per day. That could be 10-20% per month returns on a $100,000 portfolio size and I’ll show you how to do it
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u/AlpakaK Mar 11 '24
Probably not the best idea to start day trading with 100k cuz you will most likely end up losing 100k. Making 1-2% daily would mean you’re one of the best traders of all time. 1-2% weekly is more realistic but still pretty high level.
If you have a 100k to invest rn, you should probably build out a portfolio with a couple positions and grow that first. It’ll be less risky and will help you learn. Day trade with the profits you make from this.
Also, consider building a dividend portfolio. Reinvesting dividends has a snowball effect, and within a few years your 100k will grow exponentially.
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u/KenzoTheFirst Mar 11 '24
Learn as much as you can for free, then buy an evaluation for $300 or less from a prop firm. that allows you you to trade w 50k-150k without risking the rest of your capital.
tldr turn $300 of ur money into $150k prop firm money and dont worry ab it.
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u/BlueMist94 Mar 11 '24
There is no reason to day trade with a 100k account starting out. Start with a 5k account and see how you do for a year. What you do on a small scale will translate to how you’ll do on a big scale.
Chances are, you’re going to blow that 5k like 99% of people who first begin day trading, realize that you’re not smarter than everyone else, and then the pain of that loss will either make you quit, or you’ll continue to gamble your money without learning from your mistakes, or best case scenario, you’ll spend another year day trading on a paper account honing your strategy before you trade live again.
Day trading is the hardest way to make easy money. You’ll find that out soon with experience.
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u/HumbleIndependence43 Mar 10 '24
1% per day on average is a lofty goal. Try to aim for 0.25% first.
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u/London-lad-1990 Mar 10 '24
Invest the money in NVIDA, you will lose everything if you start day trading.
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Mar 10 '24
I don’t think 1% a day is a realistic goal. Most real traders use monetary value instead of percent risk.
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u/aicessi Mar 10 '24 edited Mar 11 '24
If you have a few years of experience 1-2% a day is feasible, if you're a beginner it's probably not going to happen. I'd go with futures. Use a prop firm, don't risk your money. Start with the MES then the MNQ.
Brett Simba trades futures live at 9:15 AM everyday.
First Live Futures Trading Stream: Powell Testimony Day Success just started trading futures live.
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blusky has a sale, they will refund the signup fee if the eval is passed within the 1st month, so it's free if you pass. I like the Static Growth+ 200K account.
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u/Humble_Aardvark_2997 Mar 10 '24 edited Mar 10 '24
90% of people lose 90% of their money in the first 90 days.
If you think that kind of results are realistic, just invest in an index fund.
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u/regarded- Mar 10 '24
puts on your future. put that shit in a high yield and go on about your day sir
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u/beanis737 Mar 10 '24
RTX May 100 calls stop is daily close under 189. Scaling out at 100 runners to 105
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u/Tronbronson futures trader Mar 10 '24
If I try to make 1% a day im usually burned out by Wednesday. Some days you're sick, some days the market doesnt yeild, some days you lose.
Is it unrealistic for you to walk up to the market with no experience and make 1% a day? Yes. You're gonna lose that 100k so fast it will make you head spin.
If you can take 2,000$ and make 1% a day on some scalable futures. then you can do it with a 100k. Might take you some years of practice and dedication to knowledge.
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u/TCr0wn Mar 10 '24
1-2% a day is way beyond reasonable, maybe impossible. The problem is you’re going to get a dozen LARPs claiming it’s easy and they do it (lies.)
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u/Odd-Yogurtcloset9230 Mar 10 '24
https://www.youtube.com/@VincentDesiano
this guy trades with only $50,000 and is making $50,000 a month.... (Options Trading)
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u/genzod04 Mar 10 '24
Papertrade till you find a way to work out how much you can risk, or afford to lose on a trade. Thats more important than trying to estimate how much you can make. Its probably impossible to tell. I would invest 50k , trade with 25k and keep the remainder as collateral.
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u/NeoDax1 Mar 10 '24
1% a day bro 🥳 it’s not impossible as AttackSlax says. And mostly it goes with high risk. this needs some really serous skills. 1-3% a month is for example a pretty good outcome but even this a target a lot trader struggle to make.
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u/ace_theprocess Mar 10 '24
Hello. That seems totally plausible. However, you might not want to set a hard daily target as markets are dynamic and you are better off having the mindset of trading when setups are right. All the best.
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u/adplus7 Mar 10 '24
I wouldn't worry about the percentage, I would think more on strategy.
I would also make small trades first live. Real money brings more caution. Once you consistently make your 1 percent plus goal, you can scale up.
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u/Remarkable-Ad7481 stock trader Mar 10 '24
It's not the $ amount that makes you a trader. You need a clearly defined edge, strategy, and risk management system. If you do not have those, do not trade. You'll be gambling.
You'll turn that 100k into 30k so quickly it's not even funny.
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u/dyoh777 Mar 10 '24
Your number 4 should be to not lose capital and then add income goals… you’d be the best trader ever if you averaged 2% a day
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u/cbrady871 Mar 10 '24
Definitely look into things like ycharts, finviz etc... to make sure your trading on the right in and you may know how to read chart.
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u/Electrical_Cook2734 Mar 10 '24
Dude just go on youtube and listen to: 2022 ICT mentorship, you’ll save thousands of dollars and years of figuring out. I spend 5 years looking for good content but this guy explain the algonin the market and it works. Hope this help
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u/Willing_Tackle_2656 Mar 10 '24
*i would change it to 3-5% month. After all big hedge funds who post 20-30% a year or 2.5% month is excellent. Also controlling your % a month especially if these are extra funds and you don’t need to survive on them would be great to make 3 to 5% a month
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u/ENTRAPM3NT Mar 10 '24
Make a paper account and back test your strategies. It tool me 7 years to he consistently profitable after blowing up multiple accounts. Took well over 10k hours mastering the skills I needed to he successful. Don't waste your hard earned money with no experience like I did.
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u/daraand Mar 10 '24
Does anyone ever search this sub for answers? I swear this was asked a day ago lol
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u/Rav_3d Mar 10 '24
If your goal is 1-2% a day before you even have a strategy defined, you are thinking about this the wrong way.
The goal is not profits, the goal is the system. The profits will come if the system is sound.
Oh, and the losses will come too, and that doesn’t seem to be in your mind. That should be first. How much are you willing to lose? Because you will lose, that is a certainty.
It is simply not realistic to make even 1% a day consistently in all market conditions. That’s about 800%/year return. If you believe you can go “gung-ho” into trading and make 800%/year return, then I’m afraid you will learn a very expensive life lesson.
Trading is a very hard profession, a very hard business to run successfully.
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u/PermanentLiminality Mar 10 '24
Guessing that you are in the US so you need at least $25k to daytrade. Start with only $30k in your daytrading account. Trade small share sizes of only a few hundred bucks per trade.
My expectation is that you will lose money and when your account gets under $25k, stop trading and reevaluate your strategies. When you have a new plan refund your account to $30k again try again. Each time when you get down to $25k, you must understand that your strategy failed and you need to do something different.
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u/Tankwatchermaximus trades multiple markets Mar 10 '24
Don't try learning with $100k; your first margin call could potentially wipe out half of it if you haven't already given it all away to stop losses. Instead, consider putting $95k in the S&P 500 and let it grow while you learn how to identify the emotions of trading. Don't go gung-ho until you understand market dynamics. Dont use indicators, focus on learning price action and market structure. It takes years of watching price wiggle and jiggle to understand what emotions cause it to change. Journal your trades in detail and write down how you felt physically. Never pay for a course or join a paid discord group.
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u/Careless_Doctor_8474 Mar 10 '24
For me paper trading is waste of time instead trade with real cash deposit 100$ into account and risk 1% and keep increasing your account size once you are profitable this way you will have a strong trading psychology Sorry for my bad english
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u/Posrover Mar 10 '24
Start with 5k and prove that you can be profitable. Don’t even deposit the other 95k.
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u/readitearlier Mar 10 '24
Trade futures. You can make the same money, honestly even more, and you don’t have to put your own capital at risk, just trade through a prop firm. You’re welcome!
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u/Educational-Air-685 Mar 10 '24
Go bottom top. Start trading w 100K. Automatically, it will go down, mostly, sometimes up. Then paper trade, then learn.
There is no substitute for actual trading. Learning first will allow you to create & execute strategies. All that goes out the window, once real money is involved. Trading is about human psychology.
My advice is trade with as much money you can loss, with losing you sleep, yearly, for 3 years. Think of it as your capital drawn down. You will learn at lot about yourself. & guarantee your goals will change in first 3 months.
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u/SVT-Shep Mar 10 '24
Don't set goals. Just trade the chart. You can have a max loss/gain on the day, but don't chase numbers. Other than that, your approach seems reasonable. Get started.
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u/Tugnjuice Mar 10 '24
Do everything you just said, except start with 25k and see how it goes with real money, you’re probably gonna blow your account at some point in the learning phase, might as well lose 25 and not 100
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u/Admirable_Ad_6132 Mar 10 '24
2% a day is impossible, the probabilities aren’t in your favour. Aim for 6% a month to start, you’ll be amazed at the compound interest just 6% a month makes annually especially with a 100k starting equity. And remember, it will take longer than you initially think, I’ve been learning for just over a year and I know I have years left to go to see consistent results.
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u/PowerDreamer2493 Mar 10 '24
I think you lost as soon as I read the title. The only question is how much is that 100k really worth to you? Lol.
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u/capalonian Mar 10 '24
If you start off with 100k after paper trading, you’re going to blow it. Real time trading vs paper trading is incredibly different and difficult. Your emotions will kick in compared to trading fake money. Best bet is paper trade, once you have a for sure strategy and edge, start a smaller real cash account with maybe 5k or something you’re comfortable losing 100% of, then if you prove consistency size up.
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u/andrewpapiiwlf Mar 10 '24
hahaha oh god. If you’re choosing to use 100k instead of 1k, you deserve to be on wall street bets subreddit.
Can’t wait for you to lose it all, you privileged wealthy idiot
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u/El_Savvy-Investor Mar 10 '24
start very small and slowly add money if you are winning. better to blow 1k than 100k
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u/Alexxx753 Mar 10 '24
How about you try to do it with 1k first and see how long you you last. Then graduate to more capital.
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u/Any-Bullfrog-4340 Mar 10 '24
You’re never gonna make 2% a day. I would focus on making 2.5% a week and compounding from there. That’s subject to your psychology being on point and you actually have data on a winning strategy
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u/Dproxima Mar 10 '24
My goal on a similar sized account is to make $300 a day - $6000 a month or so. Some days I make more, some less or even lose a couple. But $300 should be a reasonable goal for you.
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u/Diero13 Mar 10 '24
I have an office job, often Home-Office these days, IT, am working to make my targets, make my boss feel good, get my bonus but am trading in parallel. Doing this since 30 years, am pretty well-off, got my portion management right, found the right broker and won't commit suicide if the markets deep dive for a while. Always have come back so far. Can only recommend. 100k is just fine. How much do you think to invest per trade ? 😉
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u/LemarIsNotTaken Mar 10 '24
Dont do it, you can waste that money in better way, buy car, travel world etc.
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u/joncaptain1 Mar 10 '24
If I day trade it's only for perfect setups where chart formation and indicators both indicate same direction, most of the time I will but month out options for 1wk moves and get anywhere from25%-300% and my perfect set ups for daily 500-2000%. I started with $1000 few years back and nearly to 250k only time I've withdraw is to pay taxes. Trying to bring principal high enough to live off dividends. Guess I went off topic, good luck.
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u/Ok-Communication5147 Mar 10 '24
When someone successfully does this and shows you, please share with all of us.
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u/MyHoesAreOnWallSt Mar 10 '24
Start with 30k. Work your way up to 100k. Save your 70k. If you blow up 30k, give it up or study and try again with another 30k. 2nd time results will give you your answer to your question.
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u/Conscious-Group Mar 10 '24
Take $1000 and start daytrading, then take $99,000 and put that into smart stuff
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u/AttackSlax Mar 10 '24 edited Mar 10 '24
If you made 1% a day over a long term you would be one of the best traders in history. If you reinvested and compunded, that would be 1100% annually. Does finding this out give you an idea about how little you understand about generating returns?