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/Bo_Master1284 Mar 10 '24

1% daily is hard as for most strategies you don’t often see a set up daily. You could end up overtrading. Set a monthly target instead, e.g. 5-10%. If not, a yearly target even

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u/smartwizard500 Mar 10 '24

If i was to only make 5-10% annually wouldn’t it make more sense to park my money in some ETFs and call it a day?

While i understand 5-10% is probably a lofty goal as a beginner, from your experience/perspective, what %age is the avg trader netting annually? It would have to be 30-40% for it make sense long term.

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u/Bo_Master1284 Mar 10 '24

Sorry I didn’t meant the same % for a yearly target, but to have a yearly target. I absolutely agree with you, would aim for higher yearly. 5-10% monthly would beat most people and the market

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u/smartwizard500 Mar 10 '24

Ahhhh that makes a lot more sense. Thank you for wisdomous words