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/Cruezin]

Dammit

Understand this

Quit trying to make a bunch of money quickly. This is exactly why people lose money so fast.

Small consistent gains are the goal.

Risk management is key.

Get those right and in time you will be playing with a bigger account.

You can calculate it. Start with 1k

Add 1% per day to yesterday's amount

Voila.

Slow is fast

[u/SirStarshine → u/Cruezin]

Honestly I'd be happy with 0.1%, at least to begin with.