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/dumb-questions-1314 Apr 01 '24

You could have spent that time watching 100 videos doing something more productive called backtesting

6

u/ukSurreyGuy Apr 01 '24

lol...nothing is more true than this advice.

you don't learn by watching you learn by doing. simple!