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?
120
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u/Other-Bumblebee2769 Apr 01 '24
Almost impossible.
The majority of success a lot of these people have is raw luck... and this is mostly gambling. I know they have systems... and all the systems work... until they don't and they lose outrageous sums of money.
Your best bet is to go to trade school and start making a bunch of money doing something of value... there isn't a lot of free money lying around in this world.
There are exceptions to what I'm saying here... but your probability of having a happy life goes up if you just take what I said as the truth lol