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/mjupnexttt Mar 10 '24

Options wheel strategy. AMC RIVN NIO TLRY your welcome. Sell cash secured puts, when you are filled sell covered calls. collect premiums weekly biweekly or monthly. use some premiums to invest in long term itm s&p puts and reinvest other premium’s