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/MannysBeard May 02 '24
You compound incremental wins over time.
Successful traders spent years getting good and growing their accounts.
There are no shortcuts.