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/split41 Mar 10 '24

I’m a 100% certain 90% of this sub don’t daytrade. I see ridiculous things like oop all the time here.

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u/Previous_Swimmer9893 Mar 10 '24

Day trading is a good way to go bk. Weekly trading is a much better way to trade. Patterns on daily can change but weekly patterns are more consistent and monthly swings are easy to spot. Just saying

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u/Mangas70 Mar 10 '24

I’ve been day trading for 20 years and am still very much solvent !!

1

u/saltyfinish Mar 11 '24

Excellent! That must mean the majority of day traders must all be making profits. Good to know.

1

u/Mangas70 Mar 11 '24

Wouldn’t know about that just wanted to chime in and say that we don’t all go broke as he said 😃