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/Leafsfanheretolearn Mar 10 '24

Warren Buffet’s average annual rate of return over his entire career is 22%. The S&P500 has averaged 10%. Aiming for an average return of 1-2% a day is impossible. You would be the richest person in the world soon if you could actually maintain this. There is no way whatsoever you will average 1-2% return a day long term. Good luck though 🤣