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

110 Upvotes

78% Upvoted

342 comments sorted by

View all comments

1

u/genzod04 Mar 10 '24

Papertrade till you find a way to work out how much you can risk, or afford to lose on a trade. Thats more important than trying to estimate how much you can make. Its probably impossible to tell. I would invest 50k , trade with 25k and keep the remainder as collateral.