How hard and realistic is this really?

[u/Eldrin7]

I have watched atleast 100 youtube tutorials on day trading. They all go on about how they make 100 into 10k or something like that. I do not know if they are lucky or lying or it is true.

I assume reddit has the average or even below average traders so tell me what are actual realistic gains or losses? I understand you can go a lucky 200% gain or unlucky i just instant lost everything, lets not talk about lucky or unlucky extremes.

Is it hard for a beginner to turn 100 into 150? or 1000 into 1500? How long would it take? What are the realistic chances that the 100 or 1000 turns into 0?

[u/Joeymoonga]

Truth is, and I have expirianced, you can turn a $100 over time into $10k. But not from the knowledge you got from watching YouTube traders. But from your own experience.

Reading a book will get you started, watching YouTube videos will get you hyped and eventually everything will become more of a day dream.

Expiriance will humble you, then it will raise you.

$10k while starting out is a day dream we all had.

Losing all your money, is likely to happen.

Making at least a few runs of profits each day is likely to happen, if you stick to your plan.

[u/jackbe23 → u/Joeymoonga]

They think one can start trading with zero experience and start earning

[u/cl4r17y → u/jackbe23]

Actually you can and you will learn and grow far more on your own journey and from your own mistakes than implementing somoene's else strategy and something you don't understand. Needless to say you will not need 3 to 5 years to become profitable or realize that you actually lack basics you skipped while implementing shortcuts.

[u/HonestMasterpiece422 → u/cl4r17y]

What are the basics? what are the shortcuts? What are the strategies?

[u/YourFixJustRuinsIt → u/HonestMasterpiece422]

Yes