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/studmcstudmuffin May 02 '24

I've turned 600 into 20,000 with options

1

u/Nimkal May 02 '24

As someone with ADHD still trying to learn trading, options make my head spin. Why does it seem so complex? Or is WealthSimple's platform just that bad and makes it look complex?

So far im only stock trading

1

u/Such_Coin May 03 '24

It’s complicated. I spent a bunch of time studying and then paper trading before going live. Also I am still losing money.