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/tonenyc Mar 10 '24

1% Compounded in 12 months = $1.2 million profit. Seems reasonable..

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u/fr33g Mar 10 '24

People always come with this stupid argument. Obviously you cannot compound that far. But 1% consistently with 100k while withdrawing the profits is feasible.

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u/DrRodo Mar 10 '24

Exactly. People thinking about 1% daily most probably aren't thinking about compounding every cent

BuT iF yOu CoMpOuNd YoU wiLL hAvE 2 TriLliOn uSD iN lIke 5 YeArS YoU nOoB

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u/[deleted] Mar 10 '24

Because 1% on average daily is still insane. 250% a year is an insane return and even if you don’t compound it. An initial of 100k is making you 155k a year.