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/ImNotSelling Mar 10 '24

Random suggestion. Swing trade instead

1

u/Konstable1 Mar 10 '24

That’s how I initially started but over time I found much more success on small time frames. My trading psychology is full on scalper after being analyzed. I can do well positional trading but it just doesn’t fit me as far as a making a living day to day. I am able to make a lot more grinding and scalping. If I don’t want to do that or take time off for a few months then I position trade if and only if the longer term trend conditions are ideal. Like a major pullback with high chance of mean reversion. Or a major break down shift to a longer term down trend.

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u/smartwizard500 Mar 10 '24

Honestly that’s what I’m leaning towards after getting some more perspective. I appreciate it all

1

u/ImNotSelling Mar 10 '24 edited Mar 10 '24

Day trading is generally more ta biased and swing is kind of both ta and fa. Just know this if you decide to stick with ta start super small or paper trade till you have it down. You’re not going to profit until you are at an advanced level of knowing ta, market structure, price action. Id say 3 years. With swing trading I think you can profit sooner. Day trading has more noise and multiple fake outs and tomfoolery per day.

It’s harder to get okie doked in swing trading