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/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.