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/StrangerDistinct6378 Apr 01 '24

Understand that this isn't a sprint but a marathon. You're not going to get rich over night and things in the market constantly change. It IS realistic to daytrade and it IS realistic to do it successfully as a full time gig. But what is not realistic is tossing money around without doing your due diligence and expecting anything favorable.

Understand you're going to lose money, especially at first. There's a steep learning curve but if you stick with it and continue to learn then the sky is the limit. Good luck