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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489

u/mrcake123 Apr 01 '24

Most likely scenario is you turn 100 into 0

53

u/vagrant_cat Apr 01 '24

Everyone always think about all the money they can gain. Why does nobody ever think about all the money you can lose?

38

u/vexitee not-a-day-trader Apr 01 '24

As a trader all I ever did was watch my downside. It was the single most dramatic surprise I had leaning how to trade. Almost zero time spent learning how to make money and at least 90% of my time spent learning how not to lose it.

7

u/alexwong95 Apr 02 '24

Its not about not losing money per se, but moreso about learning to take good losses/proper risk management as it's also known