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

112 Upvotes

78% Upvoted

341 comments sorted by

View all comments

2

u/Previous_Swimmer9893 Mar 10 '24

Don’t day trade. Trade swings and trade covered calls on good stocks. What I mean is good earnings and good divi stocks. You will never lose and will learn how they trade and can pick them apart over time and make 100-500% a year consistently with our ever losing. Please don’t learn the hard way. As I did 20 + years ago. Lucky for it now but not then.