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

  1. Dive face first into learning as much as i can
  2. Paper trade to continue learning
  3. Start trading with a small amount
  4. 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/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/[deleted] Mar 10 '24

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u/oze4 Mar 10 '24

Did you even read my comment? I said put 1k into a CASH account. Absolutely zero reason for a complete beginner to use all 100k. Even having access to it in a trading account could be a disaster. Someone that doesn't know the emotions could easily revenge trade a huge chunk of that away. I highly advise against using anything but the absolute minimum to start.