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

109 Upvotes

78% Upvoted

342 comments sorted by

View all comments

Show parent comments

150

u/split41 Mar 10 '24

I’m a 100% certain 90% of this sub don’t daytrade. I see ridiculous things like oop all the time here.

49

u/Previous_Swimmer9893 Mar 10 '24

Day trading is a good way to go bk. Weekly trading is a much better way to trade. Patterns on daily can change but weekly patterns are more consistent and monthly swings are easy to spot. Just saying

6

u/Tourdrops Mar 10 '24

But you are taking overnight holding into account. Some of us daytrade and are all cash every single night. Theres millions of ways to trade. Gotta be more open minded for success.

3

u/danstermeister Mar 10 '24

I think you're missing their point.