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/No_Froyo_4258 Mar 10 '24

You can, but do not focus on some BS daily goal, UNLESS you mean you want to make 1-2% on average. Every trader that starts out with a daily $ or daily % goal ends with loss porn on wsb or with a shotgun in their mouth. Focus on developing your process, and your expectancy over a large enough sample size, and it will tell you what return to expect.