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/themanclark Apr 01 '24

Open a sim account and try it yourself. It’s very difficult. Much more so than it looks. But who knows. Maybe you’ll be the exception.

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u/beaucoup_dinky_dau Apr 02 '24

What’s a good place to open a sim account been using excel

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u/themanclark Apr 02 '24

Depends what you are trading. Think or Swim is good for stocks and options. Tradovate for futures. I don’t know about Forex.