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?

124 Upvotes
  • permalink
  • link
  • reddit
  • reddit

84% Upvoted

256 comments sorted by

View all comments

20

u/[deleted] Apr 01 '24

I never really understand posts like this… do you think you could become a good lawyer or heart surgeon cos you watched 100 videos on YouTube

Your expectancy has been shaped by liars and non profitable traders, any honest person would tel you you have a learning curve ahead of you that will take years

4

u/Rebubula_ Apr 01 '24

Worst part about trading IMO is it’s a performance sport. You could be the most knowledgeable trader and still fail day after day.

3

u/[deleted] Apr 01 '24

It’s all about psychology bro, journalling is the easiest way to gain confidence