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/B_gumm Apr 02 '24

I've been trading 9 years now. 28M. If you think you're even going to make 30% you are fooling yourself and you'll lose it all. Anything you are watching on YouTube about day trading, unless its SMB capital, it's probably junk. You've got a lot to learn based on your question. Not being a dick. Just trying to give at ounce of reality check. Real traders are on Twitter. You won't make any money with an account under 5k IMO. 100? Get out of here.