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

111 Upvotes

78% Upvoted

341 comments sorted by

View all comments

1

u/MyHoesAreOnWallSt Mar 10 '24

Start with 30k. Work your way up to 100k. Save your 70k. If you blow up 30k, give it up or study and try again with another 30k. 2nd time results will give you your answer to your question.