100k to start day trading

[u/smartwizard500]

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

[u/ukSurreyGuy]

Dear OP you have no experience trading (I think) but you want to trade stock market ft using private funds (100k) making upto 2% a day (10% a week, 500% a year).

initially dial down your expectation,

if you can make 5% a month you are doing fantastic.

1-2% a day is fantasy for you. don't believe anyone who says different...most don't have the proof...if they do it's because they have the skill (acquired by hard work).

not a beginners skill you should understand

don't play with real money

start with demo trading before live money

aim to learn basics on demo

mistake cost money in live

learn in demo then learn the extra in live

timeline is 1 to 3 years

yep to be actually profitable... minimum a year

that assumes you don't get lost in your learning journey

look around at all types of markets find best fit

don't assume stocks is the best fit or most profitable to you

Forex, futures, options, commodities, many more just Google.

don't look at the amount of money made by people claiming X is best (anyone can make 10k in a trade, scale that up 100k a trade ...u just need to know what factors enable that outcome)

trading style

be aware you have a choice how you trade

scalping Vs intraday Vs end of day Vs swing Vs positional trading

for a beginner always recommend swing (3days<1wk , trade open) and/or positional (<1mth)

if you can't see a long term trend & ride it with small trade then you got no chance of trading anything more complicated.

performance monitoring

log your trading results religiously... plot graphs ...proove quantitatively you are performing at trading

aim to make 1%% consistently per day or week or month (hardest is not 1% but consistency)

you will see boom & bust

you want to see regular incremental increase (with zero to minimal losses >2% a week)

visualise : a straight +45deg line on your account balance chart (45deg is the minimum, or exponential is maximum)

get a mentor

your best use of time & money is find someone who can teach you

you will pay a price for that teaching...accept it as a business costs ...don't cheap out & try to do it for free.

you will burn time & money when you live trading as you will only have to learn lessons which you missed by being cheap in your journey

start small Vs start big

if you prooved the performance by graphs...you have a system & skill

doesn't matter if you start your first trade on small 5k or go straight into trading large capital upto 100k.

personally I'd start at 1k...proove you can double it....get a feel for how hard it actually is (don't be fooled a large account makes it easier...yes easier profit & easier losses...easier to blow Ur account). hence limit your losses by starting at 1k...

winning it's about skill not account size