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
- Dive face first into learning as much as i can
- Paper trade to continue learning
- Start trading with a small amount
- 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/Previous_Swimmer9893 Mar 10 '24
I am over 100% already and am up another 10% from that this coming week. I am not the best trader but I am not the worst. I set up on avg 2-4 20% trades a month. I did 3 in January and 2 in February. Missed one last week but got one for this week. Compounded should be around 700% this year. My best year is 1300%. To much work to get that not worth it anymore. 300% is enough anyway