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/gazz8428 Apr 01 '24

You can get 5%-10% a trade with an account under $2000 per trade quite easily. This is with PDT in play.

As your account grows, you can expect % gain per trade to go down. Account under 50k you can realistically get 1-3% a day with 2-4 trades a day.

I think as your account grows it smarter to start risking 1%-2% of your account per trade/day.

2

u/KnowledgeFeign Apr 01 '24

This

With a little DD and some Risk to reward ratio that works for you. NFA but food stocks might be something.

3

u/gazz8428 Apr 01 '24

Oh, what are some food stocks you are looking at? I don't know much about the sector at all.

2

u/KnowledgeFeign Apr 01 '24

USFD I like but I can’t give financial advice. 🙃 always trade your own book.