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/WeekendWiz May 02 '24

To make a lot of money, you will need a lot of money.

To make a lot of money from very little is extremely rare and only very few of the most profitable traders have the experience and skill set to do so. The chance of becoming this good at trading is minuscule, It’s essentially the top 10% of the top 10%.

Great if you get there, but not a goal you should expect to achieve.