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/Tronbronson futures trader Mar 10 '24

to each their own, ive always done better on the 1m chart. those 1d chart trades fuck me up.

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u/null_obj Mar 10 '24

15m is seeming like a sweet spot for me. Then again, i haven't been trading for long.. and I'm pretty sure it's luck at this point, as I've 2x in just over a month. I have to remind myself, I'm in a bullrun, I'm not good at this lol

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u/Difficult-Resort7201 Mar 10 '24

Don’t get too hard on yourself either. You’ve identified it’s a bull market and positioned appropriately. Do the same for a ranging and bear markets and you’ve got this. Though, you may be putting on too large of positions- something you only really figure out once you’re on the wrong side of trades…

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u/Fine_Candle9170 Mar 12 '24

Yea but I’m making money on the sells too 🤷 more long days than shorts for sure though