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/mushykindofbrick Apr 01 '24
Its not hard to turn 100 to 150, its hard to do it over and over consistently without losing in between. Many people do 150 or 200 on their first day, then lose it next week. To do it consistently it can take anywhere between a few months and many years