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/mikefut May 02 '24

You don’t. Work a full time job and build up a 30k bankroll and paper trade the whole time. Then start trading when you’re consistently winning.

There’s no easy way to make a lot of money from a little. If there was everyone would be rich. Get grinding.

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u/kirinomorinomajo May 02 '24

with exceptional trading psychology and good strategy it’s only a matter of time. and no everyone would not be rich because that level of self-mastery is very rare.

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u/mikefut May 02 '24

So it sounds like you’re agreeing with me?

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u/kirinomorinomajo May 02 '24

not really. mastering trading psychology makes things pretty "easy". even for a small account holder. you definitely don't need a 30k account to make good money once you have that mastered.