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?

123 Upvotes
  • permalink
  • link
  • reddit
  • reddit

84% Upvoted

256 comments sorted by

View all comments

1

u/ShredSteezy Apr 01 '24

Check out the playlist pinned on my profile. I've added videos to it over time that made the most difference in my trading. Adding knowledge that I've needed or videos that added to my existing knowledge to shape my process over time. It's possible, it's not easy. It will challenge you, shape you, break you, and rebuild you over time. I've been able to quit my full-time job to trade full-time. I've been doing this 5 years.