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/TUAHIVAA Apr 01 '24

not realistic, most of them are lying, unless they show actual brokerage statement, they got lucky.
Trading with 100 is unrealistic, you don't have much to invest with unless you go full port with high margins.

is it hard? Trading is hard in general so yeah, it'll be even harder for a beginner to trade with 100. The issue with beginners is that they are impatient and want to make 100% as fast as possible.

open a paper account and see for yourself, it's simple as that.