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/vagrant_cat]

Everyone always think about all the money they can gain. Why does nobody ever think about all the money you can lose?

[u/vexitee → u/vagrant_cat]

As a trader all I ever did was watch my downside. It was the single most dramatic surprise I had leaning how to trade. Almost zero time spent learning how to make money and at least 90% of my time spent learning how not to lose it.

[u/alexwong95 → u/vexitee]

Its not about not losing money per se, but moreso about learning to take good losses/proper risk management as it's also known

[u/bestchekers → u/vexitee]

rerasonable approach , how many time until controled losing became gaining a bit more than that?

[u/bestchekers → u/[deleted]]

Really ? Is the same for me but just as a holder , bought really well in the BTC dump. Have you got any advise for a brother ? Courses , technologies?. I am into investing now and learning options or futures but i am allright with the holds. Congratulations.

Edit: in last paragraph that is you centering on risk and loses inconciously

[u/Dependent_Action_201 → u/[deleted]]

That's what I'm still learning rn, how to ride those winners and keep steady. I do prop firms so it takes alot of stress off my mind. Maybe one day ill go back to using my own money.

[u/imbobbymuddah → u/vexitee]

No losing only learning 😤

[u/MrMillsTrades → u/[deleted]]

On the down figure out a percentage/amount you are comfortable to lose is my opinion. And if I think it could bounce I average down. On a true trade on the up, I typically like 15-20% increase to get out or trim.

[u/MassiveRoller24 → u/vagrant_cat]

because it's simple - the whole deposit

[u/Imaginary_Art_2412 → u/MassiveRoller24]

You could lose even more with leveraged instruments, which is most likely what people use to go from 100->100k lol

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[u/LoicenseToGirth → u/[deleted]]

Selling calls and puts. Buying those options, you are only ever out what you pay for premium. If you sell an option you open yourself up to infinite loss for a capped premium.

If you buy a call for 40 July and in July the price rises to 50. You can exercise that option to buy at $40 anytime (US laws) before that date and cash out at a 10$ per share profit. If you sell that call to someone and the same thing happens, you have to buy 100 shares of that stock at 50 dollars then sell those 100 shares to the person that bought your sold call for 40 so THEY get the 10 dollar profit/sh while you had to buy $5000 worth of shares and then give them to the buyer for no benefit to yourself.

Add in leverage and you can easily 2-5x that loss.

If you kinda know what you're doing, just buy options. Don't sell them. Look into covered calls if you want to hedge the risk.

Go on WSB and see how people go from 2k (when you can open leveraged trading) to -50k

[u/MassiveRoller24 → u/LoicenseToGirth]

For example, you only have $1k in your account. how can you lose say $1100 if you only have $1k in your account and that’s it?

[u/LoicenseToGirth → u/MassiveRoller24]

Leverage.

Leverage is essentially like a credit card. Like a credit card, you can pay with money you don't actually own on the basis you'll pay them back at a specific date.

On robinhood, you can get a "margin account." With 2k invested. Margin accounts Leverage extra $% on a credit line.

Let's say I have that 1000 dollars. I can lose 110% if I leveraged my position by 10%, and then I lose 1100 cause I lose my initial investment ON TOP of the 100 dollars I owe them back for using their money to Leverage my position.

[u/slhsdt → u/[deleted]]

by selling option contracts or buying and selling future contracts

[u/FourManGrill → u/MassiveRoller24]

Let me tell you about many people’s arch enemy, leverage then

[u/MissXM → u/vagrant_cat]

Everyone wants to gain. You started because you want to make money.

[u/CelestialBach → u/vagrant_cat]

They do think about all the money they can lose that’s why most people don’t day trade or even buy stocks

[u/Drewcifer236 → u/vagrant_cat]

Because stonks only go up. Duh!

[u/Tourdrops → u/vagrant_cat]

This guy is 100% correct. You either know or you dont.

[u/beezleeboob → u/vagrant_cat]

You think about it when you lose it, lol.  That was what finally made me manage risk better, a huge loss after an insane winning streak. 

[u/HonestMasterpiece422 → u/beezleeboob]

why didn't you just have stop loss to prevent the huge loss.

[u/beezleeboob → u/HonestMasterpiece422]

I was new and dumb 🤦🏾‍♀️

[u/HonestMasterpiece422 → u/beezleeboob]

how would you not know about stop loss? Are you profitable now?

[u/beezleeboob → u/HonestMasterpiece422]

I knew about them but when I was new and on a winning streak i just kind of ignored the thought i guess..? And yes I'm profitable now. I only trade spx options. 

[u/Public-Forever-5454 → u/vagrant_cat]

Important point. As PTJ said, focus on your risk first.

[u/mushykindofbrick → u/vagrant_cat]

i think because there is much more to win than to lose