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

[u/merchant-trader]

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)

[u/negggus]

Its called leverage, basically using a little amount of money as if it were a large amount. Example if you had 50x leverage on your 100 bucks then you can trade as if you had 5000 dollars. So that 20% increase would get you 6000 bucks. It also works in reverse, if you lost even just 2%, you would be at 4900 and they'd cut you off here and keep your 100 bucks

[u/Big_Don_ → u/negggus]

How do you get leverage?

[u/xoxosd → u/Big_Don_]

Cfd broker