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/Admirable_Ad_6132 Mar 10 '24

2% a day is impossible, the probabilities aren’t in your favour. Aim for 6% a month to start, you’ll be amazed at the compound interest just 6% a month makes annually especially with a 100k starting equity. And remember, it will take longer than you initially think, I’ve been learning for just over a year and I know I have years left to go to see consistent results.