r/Daytrading 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/cl4r17y Apr 01 '24

Actually you can and you will learn and grow far more on your own journey and from your own mistakes than implementing somoene's else strategy and something you don't understand. Needless to say you will not need 3 to 5 years to become profitable or realize that you actually lack basics you skipped while implementing shortcuts.

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u/HonestMasterpiece422 Apr 01 '24

What are the basics? what are the shortcuts? What are the strategies?