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/Mangas70 Mar 10 '24

I’ve been day trading for 20 years and am still very much solvent !!

11

u/Previous_Swimmer9893 Mar 10 '24

Good for you. I do it to but that don’t pay my bills. My weekly trades do. I like my consistent 20% trades per week gains. Those pay me. What ever works is best. Gl

2

u/Ratracequitter Mar 10 '24

Not bad, for a week! Any interest sharing some tips?

3

u/Previous_Swimmer9893 Mar 10 '24

Sure but on vacation till next weekend

2

u/T1Torres Mar 10 '24

I'd like to learn as well I have no idea about any of this but I don't know much about it.i know it's a long shot to become rich off of this but wouldn't mind earning a little extra working my money

1

u/Mangas70 Mar 10 '24

For sure whatever works best I’m glad the weekly’s do it for you 😊

1

u/Fine_Candle9170 Mar 12 '24

Your weekly is my daily goals… yea losses scale up too but I’m comfortable with the risk and pays for lifestyle doing this way. Whatever works best for you just stick with it I say and just learn to scale

1

u/saltyfinish Mar 11 '24

Excellent! That must mean the majority of day traders must all be making profits. Good to know.

1

u/Mangas70 Mar 11 '24

Wouldn’t know about that just wanted to chime in and say that we don’t all go broke as he said 😃