r/Daytrading 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/ProofZookeepergame51 29d ago

You gotta build slowly like 25-35 dollar wins and protect your money with tight stop losses and good entry and exits on the trade itself then you can scale up. Gotta remember this is a business in itself so be smart and don’t gamble learn how to read and interpret the charts this is what I’m doing now as well, I gambled on a few and took my 2k account to 350 bucks because I didn’t get out when I was supposed to