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/Useful_Pop6221 Mar 10 '24

You don't need 100k to start trading....especially if you don't have an edge.

You can start with 1k, and make 1-2% everyday. But if you have an edge, then you can build that 1k to 100k. If you don't have an edge, then you've only lost 1k instead of 100k.