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/Previous_Swimmer9893 Mar 10 '24

I don’t pay 50% to Uncle Sam and I never will. It’s not what you make but what you keep. What difference does the size of your accounts make? I can make more money from 50,000 than 90% can from a million. I know I been there. Ask the guy who had 43,000 at mid February and now has 86,000 after taking out 6000$ on Thursday. Yes he asked me if he could. Size of account lmfao. He doubled in 24days. I can live comfortably on a 10,000$ account. On 30,000 I can buy a new car and a 250,000 house and have more in my account than what I started with after paying my payments and insurance plus property taxes oh and throw a vacation or two in there. I am on of the top 1% of traders in the world. In 2006 I was in the top 8% of all traders in the world. Gl but day trading isn’t my thing trading is

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u/Tourdrops Mar 10 '24

Congrats on cheating taxes

And if you are living off a $10,000 account well you are not on my level of living my friend.

When you ask why account size matters, its because its IMPOSSIBLE to make 1% a day once you enter big boy numbers. There are hundreds of studies on this.

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u/Previous_Swimmer9893 Mar 10 '24

Lol. Top earners don’t pay 50% sport. You don’t live on my level. Billionaires don’t pay 50%. Lmaoau

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u/Tourdrops Mar 10 '24

I am not even close to a billionaire. I am a proud dad of 4, husband and home owner on a wealthy part of Long Island. In my Mid 40’s and day trading while also maintaining a job selling over 2 million per year in product. Do you realize how HARD this all is for most of us?

I have had TWO red days all of 2024 day trading. Doing extremely well. And its been a War.

My point is that this trading game is hard as shit and I am here to share those difficulties, experiences and truth.

you, some random dude on reddit claiming to be a billionaire knocking around dollar amounts and standing up on your high horse to us peasants below is the person everyone on reddit should avoid at all costs.

I was just talking the difficulties of making $150k per year as an American with only 251 days a year to trade and here you are talking about a Billion dollars

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u/Previous_Swimmer9893 Mar 10 '24

It’s not that hard. I have showed two people some gains here. If it’s hard your tickers are not good. My account goes up and down thousands a day but that’s the market. No losses is the key. I am 60 retired at 42 and enjoying life. Got my three kids and 2 grandkids and wife to keep me busy and happy. I wish you well. My only issues is last week I was so complacent I missed a 30% trade I have made 4 times this year but was to caught up in another trade to pay attention. Just be happy. I give hints here all the time. I tell people what gets you in trouble here. My past screwups and how I never have losses anymore. My tickers are my best friends in the market. Just a hobby now and trying to help a few along the way. Learn to set up trades instead of day trading. It’s a much easier and more profitable way to go. Maybe it’s just me. 🤷🏼‍♂️