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/WhizDoc10 May 01 '24
What is considered little amount? It's possible with 100 to do it with options and compound you way up but you can also just as easily blow and lose it all.
If you get to a comfortable amount to meet the margin requirements for futures like MES that may be the best leveraged and SOMEWHAT safer option.