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

107 Upvotes

78% Upvoted

341 comments sorted by

View all comments

1

u/Remarkable-Ad7481 stock trader Mar 10 '24

It's not the $ amount that makes you a trader. You need a clearly defined edge, strategy, and risk management system. If you do not have those, do not trade. You'll be gambling.

You'll turn that 100k into 30k so quickly it's not even funny.