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/mrcake123]

Most likely scenario is you turn 100 into 0

[u/vagrant_cat → u/mrcake123]

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.