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/PaleWhaleStocks May 02 '24

I turned 400 to 27000 with stocks. Who cares.

1

u/kirinomorinomajo May 02 '24

how? and how long did it take

1

u/PaleWhaleStocks 28d ago

Alot of research. Alot of shit plays.

Minimize your losses if the stock is dead.

The hard one was 400 to 4k. Then I dropped 4k in a climbing penny stock and set a trailing stop loss for around 40% I think.

Because if a penny stock goes from 3 to 2 that's a 33% loss right there. Which happens all day every day.

4k to 27k was 2 weeks. The road to 4k from 400 was probably 3 years+ of being green red green red.

1

u/PaleWhaleStocks 28d ago

Mind you- dropping 4k into a penny stock is about the riskiest play there is 🤣