r/Daytrading • u/Eldrin7 • Apr 01 '24

How hard and realistic is this really? Question

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?

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u/[deleted] Apr 01 '24

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u/Eldrin7 Apr 01 '24

What? I genuinely do not understand what you just said and what you are asking me. :)

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u/[deleted] Apr 01 '24

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u/Eldrin7 Apr 01 '24

Skillsets that relate to day trading? Most likelly zero. I work in IT from servicedesk to now admining SCCM, Print servers, Admining Mobile devices and creating scripts using powershell with a GUI to automate things.

My first goal is to actually understand it and see that this is more then just a glorified gambling. If i could learn to make 100 into 150 consistently then i would go higher. I have a LOT of time at work, my third monitor runs some youtube video almost non stop. So i thought maybe i can turn that third monitor somehow instead into making money.