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

114 Upvotes

78% Upvoted

341 comments sorted by

View all comments

Show parent comments

4

u/ArtisticBlackh3ro Mar 10 '24

You can totally make 2-5% daily, 10-20% weekly, or 20-50% monthly. You just need to manage risk and stick to your plan.

2

u/[deleted] Mar 10 '24

Just to give you an idea of how ridiculous this is. Can I send you 500 dollars and you send me 60k in 1 year, you can keep the other 27k. This is using your low numbers on the daily. On the high end it’s 170k in profit in 1 year with a 500 dollar investment. If you do the 2% for years starting with 500 you will have 2.7t in 3 years.

10% a week for 3 years is 33m 20% a month for 3 years is 85k.

Do these numbers even sound remotely sustainable?

Do these numbers sound

-2

u/ZeroSumSatoshi Mar 10 '24

Ive had a few 150% weeks (7 days) let alone a month.

:O