Day or short term trading, getting started

Jan 21, 2018 23 Comments

Need to make some extra $ on the side. Not an active trader and can’t do Uber/Lyft or crypto.

Any tips for newbie to make like $100 /day let’s say with about $5k to $10k.

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TOP 23 Comments
  • Tableau / Eng
    Johnny27

    Go to company page Tableau Eng

    Johnny27
    Day trading is a sure way to lose all your money. Good luck!
    Jan 21, 2018 0
  • Nvidia
    zVEC05

    Go to company page Nvidia

    zVEC05
    Best way to make a million day trading: start with a billion! 🤣
    Jan 22, 2018 0
  • Not to be harsh but $100 a day would be 200ish trading days x $100 = $20,000 a year... off of $5 to $10k investment as per your post. I think in your case the best option would be working a second job or freelancing.
    Jan 21, 2018 1
    • Tableau / Eng
      Johnny27

      Go to company page Tableau Eng

      Johnny27
      Well said. There is no way to quadruple your money - or even double - without taking significant risks and/or being extremely lucky.
      Jan 21, 2018
  • Amazon
    bnkeaazg

    Go to company page Amazon

    bnkeaazg
    1-2% per day guaranteed profit from trading. Let us know when you crack the code. LOL.

    1% a day would make your initial 10K, 120K in a year and 200 million in 4 years.
    Jan 22, 2018 0
  • Tableau / Eng
    Johnny27

    Go to company page Tableau Eng

    Johnny27
    Honestly OP, it's very unlikely you'll beat the market (say S&P 500) day trading over any period longer than a few months. Sure, you can be lucky and do it but not long term. Even wizards like Warren Buffett can't.

    It's similar to learn blackjack really well and start going to the casino every day. You can certainly beat the casino over some period of time but it's essentially guaranteed that the more you play the more you lose. Day trading is similar.
    Jan 21, 2018 0