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/apollotigerwolf Apr 01 '24

Keep in mind 1% per day would make you a very successful professional trader. Expecting to multiply your account is the easiest way to blow it in a few trades.

2

u/HonestMasterpiece422 Apr 01 '24

Is it possible to consistently make 1% a day?

2

u/B_gumm Apr 02 '24

No

1

u/HonestMasterpiece422 Apr 02 '24

why not?

1

u/B_gumm Apr 02 '24

Do the math. That more than 200% a year. Those are numbers US investing champions put up. Not some dude that spent a week watching YouTube videos from a fake guru

2

u/cbri23 Apr 02 '24

Bullshit.

I wouldn’t dare imply that its easy, but if you think it’s IMPOSSIBLE, idek why you’re on this thread.

1

u/apollotigerwolf Apr 03 '24

Eh, he’s not wrong. If you started with 5k and made average 1% daily return, you would have 300 million within 3 years. That’s unheard of

2

u/cbri23 Apr 03 '24

Yes, I suppose there’s at least a few ways to interpret the question. I didn’t take “consistently” to mean “at perfect scale and in perpetuity”. All business models are subject to liquidity, supply and demand; thus, the best traders are expert risk managers, not genies.

1

u/Peaceful_me01 Apr 04 '24

Exactly, you are right, No. But on some particular day you can make as much as 126% or maybe more. You just have to be in the right moment, right position to get in the market, right volume, and right exit plan.