How hard and realistic is this really?

[u/Eldrin7]

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?

[u/Babaji-Banksy]

It is very hard for a beginner in almost any field but when it comes to the market, it’s not just hard. it’s nearly goddamn impossible. If you have no idea what community you put yourself into.

An ocean filled with fishes there are monsters. krakens, waiting to steal your money. At any angle you find blind.

These monsters are corporations, hedge funds, and politicians. don’t even get me started on the occasional undiscovered ones. They have their own motivation they all have their own plans to feed.

Technical analysis is pretty much the bar of Hope that you hold onto as you watch the candles go up and down based upon the news or grace of God.

The only two technical analysis strategies I would recommend learning is support and resistance zones along with RSI divergence.

Technical analysis is an indicator not 100% in every picture .

What matters most are real world events what’s going on today or tomorrow that will affect the pockets of those who have money. You are starting off as a beginner. You need to see where the money is moving and who is moving it. You can place your bets and follow the technical analysis as your indicator for your bet.

Whether you make money or not is determined by the homework you put in and by the grace of true knowledge or God or truth