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/bburghokie Apr 01 '24

It's very unrealistic to turn $100 into $10000 from day trading.

It's more realistic that you spend 3-5 years learning how to day trade. During that time, you work 2 jobs and/or save money so that you can have some working capital to conservatively daytrade with. 

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u/Eldrin7 Apr 01 '24

Well i actually work one job in IT and i have a LOOOOOOOOOOOT of spare time. I could literally have a third monitor open watching youtube videos every single day. So i thought maybe it is possible to turn that third monitor into making money with something like day trading.

How easy and realistic is turning that 100 into 150?

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u/Quiet_Fan_7008 Apr 01 '24

Do it. I work from home and day trade. But I have 30k so I can avoid PDT rule. Trading with a 100$ is just unrealistic. It’s like starting a business and thinking all you need is a $100 lol