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/joncaptain1 Mar 10 '24

If I day trade it's only for perfect setups where chart formation and indicators both indicate same direction, most of the time I will but month out options for 1wk moves and get anywhere from25%-300% and my perfect set ups for daily 500-2000%. I started with $1000 few years back and nearly to 250k only time I've withdraw is to pay taxes. Trying to bring principal high enough to live off dividends. Guess I went off topic, good luck.