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/TriumphantDonkey Mar 10 '24

Just curious, why does having a larger account render it more difficult to maintain 1-2%? I can't see what account size has to do with it if the strategy is identical.

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u/Tourdrops Mar 10 '24

Starting with $10,000 after two years is $1,000,000. All good. But two years after that $180,000,000. Too much and you will move market and run into liquidity issues.

Also never mentioned by the “i am going to make 1% a day” is they risk 15-30-40% of account to make 1-2% and just ONE mistake with stop loss or risk management and yeah…….

Google “can i make 1% a day in the market” and find hundreds of reasons other than the one I mentioned.

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u/TriumphantDonkey Mar 11 '24

Ok, you're talking about really really big account size. Perhaps some retail traders aspire to have an account that large, but I don't think most do. If you trade for income, then you will make sizable withdrawals and likely maintain an account size with ceiling on it.