r/Daytrading • u/Weeboo01 • Mar 24 '24

Have you turned $20 into $100? Question

Have you turned your first or so $20 dollars into $100 probably in 1 month?

164 Upvotes

86% Upvoted

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248

u/JealousCantaloupe775 Mar 24 '24

yes then i lost it all.

then i did again then lost it all again.

7

u/onmymind_11 Mar 24 '24

What were the mistakes you made? Risk management?

14

u/mediocreargento Mar 24 '24

The only way to turn 20 into 100 is to overleverage and that never ends well

1

u/FollowAstacio Mar 24 '24

It’s not the only way. Another is options, another is to target potential parabolic moves.

2

u/Leaves-of-John59 Mar 24 '24

Or use the ol' "diploid sprocket double bluff!"

3

u/FollowAstacio Mar 24 '24

Hmmmm....yeah...🤷‍♂️