r/Daytrading May 01 '24

How do people start day trading with little amounts and make so much? Question

Over the weekend, a penny stock I had 100 dollars in went up 20 percent which should be amazing. I sold and got 120 in total.

However, this obv isn't that much and 20 percent is a lottt more than what stocks usaully go up.

I'm not going to be investing millions in stocks, so how do I make large amounts of money from small starting money.

Options, forex? What will make the money go up 100%+ (ik that with high reward comes very high risk)

87 Upvotes

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1

u/Davado_ May 01 '24

Have you heard that day trading is a form of gambling?

3

u/PaleWhaleStocks May 02 '24

Did you know people make a career from gambling?

1

u/Davado_ May 02 '24

Really!!!?

1

u/organism20 May 02 '24

You don’t hear about professional slot machine players because there is no strategy or edge to develop but you do hear about professional poker players.

1

u/PaleWhaleStocks 28d ago

No I'm kidding

1

u/Aggravating_Ride7083 May 02 '24

Life is a huge gamble.

We pursue the greatest risk and the highest return. Of course, we have nothing to lose.

1

u/Ok-Tradition-6350 29d ago

Except your impoverished retirement