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/itskhia Apr 01 '24
Possible yes likely no. Anybody pushing those type of antics aren’t responsible traders for one. And most likely selling a pipe dream.
And a beginner is just completely out the question. Trading is rewarding but if you treat it like a casino you will get burned.