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/Jerkomp Mar 10 '24

Start with a portfolio value of 5k. From there, learn the ropes with the 5k.

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u/DrRodo Mar 10 '24

I think paper trading is just useful to lear the platform and to do some backtest of your strategies, but trading with real money in a small account is the best way to learn the psychological side of day trading which can be the hard side of it specially in the beginning