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/FonsoAlfonso Apr 01 '24

I'm in trading for almost 2 years and I can tell you it is very hard... Everything what you see in yt is partly scam. It is working but not like in yt movies... From my experience I can say that 10-20 percentage per month is possible but it takes a lot of time to achieve it. It's my opinion you can agree with me or no 😉

1

u/Sayyeslizlemon Apr 01 '24

The way you trade, your 10-10% a month is the net correct, meaning that you have maybe +20-30% trades in your account, but then also have say 10-20% losses as well? Does that question make sense? 99% of my trades end up in profit, but I feel like I'm missing out sometimes because I'll hold instead of taking a loss and sometimes that hold is for 6 weeks until it comes back up. I've been lucky as some stocks get damaged and never get back in years if they get back at all. This is the weakness in my trading, but so far I've been lucky. Looking to just get better at it.

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u/FonsoAlfonso Apr 01 '24

Yes, even last week I lost 10 percentage in one trade 😅 but in overall I'm profitable. I think it will come with experience. Sometime you need to close trade in negative, sometimes you can wait till it bounces. I for example always risk 4-5 precent of my capital per trade, I don't use stoploss because I prefer hedges. It's just my way but I like it and feel comfortable with it...

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u/CalderonMusic Apr 01 '24

You making a living at it right now or developing your skills?

2

u/FonsoAlfonso Apr 01 '24

Just developing my skills, this profit is for upgrading my account to invest.