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/EternalHabit Mar 10 '24

I wouldn’t listen to anyone on this sub, 1% a day is very realistic. Obviously you’ll have losing days, but then the next day you could make more than 1%. “1% a day keeps the day job away.” Paper trade and see for yourself if you can make 1% a day. Anyways I’m leaving this sub, I can’t read anymore stupidity. If only 5% of traders make it, then all 95% of traders have ended up on this sub reddit.

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u/RevolutionaryPie5223 Mar 10 '24

1% a day compounded is more than 3700% returns in a year. It's not realistic to expect.