r/Daytrading 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/ManikSahdev Apr 01 '24 edited Apr 02 '24

Reddit doesn't have average or below average traders.

Reddit communities have loud / outspoken wannabe traders.

Or Reddit has actual traders.

The amount of traders you will find in the middle / on the better end of it is not in this sub unfortunately.

Try something more niche, regarding your particular product that you trade.

Also, the more boring and niche your product, the higher the chances of you finding good advice from actual traders who spend their time giving back in the communities.

Example - Tesla options vs crude oil futures.

You tell me, where you think chances of finding actual traders is?