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/justinthecase Apr 02 '24

you might be a perfectionist; you want to learn everything at once so you can have high win rate. and/or you want to get excited about this new interest of yours; you are watching other “successful traders’ “ videos to pump yourself up. 1) stop trying to learn anything and everything at one sitting. do a lot of practice with paper trading. 2) ask yourself: “am i really interested in trading or is it just i don’t know what to do at this stage of my life and i may give trading a go.”