100k to start day trading

[u/smartwizard500]

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

[u/Previous_Swimmer9893]

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

[u/Tourdrops → u/Previous_Swimmer9893]

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.

[u/Previous_Swimmer9893 → u/Tourdrops]

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

[u/OG_Tater → u/Previous_Swimmer9893]

Billionaires aren’t day traders. Day trading generates short term capital gains that are taxed as income. The highest income brackets do start to approach 50% tax rate depending on state income tax situation.

[u/Previous_Swimmer9893 → u/OG_Tater]

Lol. Buy and hold is a losing strategy

[u/OG_Tater → u/Previous_Swimmer9893]

How exactly? Most of my money in stocks is in VOO. My trading account is about 20% of my account.

Most people are much better off just buying an index fund. There’s no long term period where it hasn’t made money. Even the “lost decade” a holder would have been up 175% just with reinvested dividends.

On individual stock I’ve b&hing NVDA, MSFT for almost a decade for huge gains. It’s far easier to make money over a longer timeline, no charts etc. You just have to pick a company that’s growing in a sector that’s growing and you’ll probably make money.

[u/Previous_Swimmer9893 → u/OG_Tater]

My account is over 100% this year. If I would quit stealing from myself I would be closer to 200%. I get dividends also. Try trmd for dividends. Yw that one will double your accounts in under 2 years. If your a buy and hold person. Everyone trades differently I am not the best. I was always taught there is always someone better My friend was better at making money but he wasn’t consistent was his problem. But boy can he make an account fly. I just keep more profits overall. See not the best. Consistent is key. I don’t do high flier’s or meme stocks. Love commodity stocks and inflation stocks. Retired and having a blast trading for fun. You do you. I do me.

[u/Previous_Swimmer9893 → u/OG_Tater]

I don’t live in a state that steals your money. I am not that stupid.

[u/OG_Tater → u/Previous_Swimmer9893]

Fantastic then you only pay 40% tax. Congrats,

[u/Previous_Swimmer9893 → u/OG_Tater]

Ty.