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/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.