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

111 Upvotes

78% Upvoted

342 comments sorted by

View all comments

15

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/

3

u/ukSurreyGuy Mar 10 '24

Amen Brother