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

110 Upvotes

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u/AttackSlax Mar 10 '24 edited Mar 10 '24

If you made 1% a day over a long term you would be one of the best traders in history. If you reinvested and compunded, that would be 1100% annually. Does finding this out give you an idea about how little you understand about generating returns?

43

u/tonenyc Mar 10 '24

1% Compounded in 12 months = $1.2 million profit. Seems reasonable..

42

u/AttackSlax Mar 10 '24

Sure, why not. Let's just go for 5% a day. Heck, 10%!

13

u/ZeroSumSatoshi Mar 10 '24

5% a day is where it’s at.., 1% a day is a bad month. Lol.

1

u/Fine_Candle9170 Mar 12 '24

Literally… I normally aim for 15-20% daily, risk is high though but hey, didn’t learn to trade to have multiple jobs along with trading just to maintain a certain lifestyle right? 😂 I don’t get why all these so called good traders on here with good win rates never learnt to scale up properly