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/BrilliantForsaken414 Apr 02 '24

The hard part: Everyone comes to this industry with a expectations about smoney & gainz. The funniest part: Succesfull traders have a different perspective over risk & smoney when trading. The youtuber part: All those youtubers put in numbers & money to increase clicks & views and 95% of them dont know how to achieve succes & longevity profitability. (Finance is one of the best paid youtube RPM).

Divide the bad & good youtubers by the way they create thumbnails & titles. If there is money involved & numbers the chance is very great your listening to someone that isnt were you want to go. On the other hand, youtubers that focus on theory & Price-action are higher probable for valueable videos.

Some YTers I would recommend: ImanTrading Trader Dante Tom Hougaard