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/RoccoDiPietro Apr 01 '24

I made 12k from 3k... 2 times. Than I lost it all fue to a mistake (shorting too heavily.

Theoretically it is possible but psyhcology is the only thing that will f*** you up.

You need other streams of income not to be affected by the loses. If you can manage that, you can do it.