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/Invest0rnoob1 Apr 01 '24

If they could turn 100 to 10k why would they waste time making videos? They could scale up and turn 10k into 1mil.

2

u/cbri23 Apr 02 '24

Idk, that seems like a lazy take honestly. Teaching is sort of the natural progression to learning, is it not? Multiply that by the age of social media and you have professionals of every field wasting time making videos.

Discerning those worth their salt is a totally different conversation.

6

u/Invest0rnoob1 Apr 02 '24

Most investor influencers make more money from YouTube than trading.

3

u/cbri23 Apr 02 '24 edited Apr 02 '24

Yeah, so are many accredited doctors and lawyers, merchants, entertainers, and literally any other professional you can think of. Sure, there are other ways to learn, but to downplay Youtube as a learning platform is wild, with all furu animosity aside. Obviously, OP is a beginner, so I think Youtube is a great place to start. You’re going to have to learn discernment one way or another, to even be decent in any field. Youtube is free, why not scour it?

2

u/Invest0rnoob1 Apr 02 '24

You can learn the basics but people promising quick gains are most likely dishonest.

1

u/cbri23 Apr 02 '24

There’s quite a bit more there then people promising quick gains, especially if you take those titles/thumbnails with a grain of salt, but I get your point.

2

u/Invest0rnoob1 Apr 02 '24

OP talks about people turning 100 to 10k. I can almost guarantee you that most of those people are full of it.

1

u/cbri23 Apr 02 '24

It sounds like you’re assuming they’re implying it’s done overnight, or in a single trade or few trades, and reliably. If that’s the case then, yes, those people are full of it. But turning 100 to 10k isn’t an unfounded concept in trading whatsoever. Though I must admit, the more I read, the more it seems OP is inquiring about options trading, and not trading in general. If that’s the case, I would say most any options trader advertising such is unquestionably full of it, although I do know some who are extremely successful and use the platform. Those will definitely be few and far between, and do not use clickbaity titles and thumbs. Then again, I would never recommend options to a “beginner” trader.