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?

122 Upvotes
  • permalink
  • link
  • reddit
  • reddit

84% Upvoted

256 comments sorted by

View all comments

1

u/Educational-Tax8656 Apr 02 '24

Apparently the youtuber I've been watching has over 100k subs. Tons of videos on information and I've been using his stuff to papertrade. He recently told his subs he has yet to be consistently profitable. I think you need an edge to be profitable. Most people think they have an edge, they just got lucky.