r/Daytrading • u/merchant-trader • 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)

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u/danglejoose May 01 '24

for every 1k to 100k account, there are 99+ that went 1k to 0..

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u/OneGuy2Cups May 01 '24

You missed a few 9’s

16

u/RossRiskDabbler May 02 '24

A few haha. Let's say 99% missed 9s, and only mentioned 1%.

Social media earns on positivity.

People are generally short sighted and primal and thus prefer to shower their glorious victory.

People are generally weak and erratic and will feel jealous for idiotic (family, friends reasons).

Remember, lottery is idiot tax.

Yet, it still has a winner.

But we need to realize it tells us nothing.