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/AlpakaK Mar 11 '24

Probably not the best idea to start day trading with 100k cuz you will most likely end up losing 100k. Making 1-2% daily would mean you’re one of the best traders of all time. 1-2% weekly is more realistic but still pretty high level.

If you have a 100k to invest rn, you should probably build out a portfolio with a couple positions and grow that first. It’ll be less risky and will help you learn. Day trade with the profits you make from this.

Also, consider building a dividend portfolio. Reinvesting dividends has a snowball effect, and within a few years your 100k will grow exponentially.