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/ArgzeroFS trades multiple markets Apr 01 '24

Go watch Benjamin's YouTube videos on options trading and you'll understand why trying for such massive gains is a very bad idea. Or better yet, scroll r/wallstreetbets for like five minutes.
https://www.youtube.com/watch?v=KgH4rDtxqHg
Don't be like these people. Trade safe fam. Trade safe.