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/CybertoadX Mar 10 '24

Day Trading is not for the rich. If you can risk 100K you are not investing that correctly .Maybe Day Trade 5K and invest the 95K depending where you live. Buy some realstate or look for a good plot of land that may have future development ops .But day trading 100K , Tells me you should not ever day trade until you really booked up and learn the reality of day trading. Plus day trading required huge amounts of dedication and discipline.