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I've decided to start a career in stocks and since I initially decided that option, I've taken at least 10 hours a day to look up stock prices and think about methods to use. But I'm still stuck on a few things, mostly the best method to take for day trading to make at least a few hundred a day. So would this method be at least a correct way?

Suppose you have $150 and you see a stock for $3 a share. If you put the $150 into it for 50 shares, could it increase up to at least $7 per share, allowing you to sell your 50 shares for $350? I would hope it was more than that but looking at how some stocks increase it seems like that's maybe too good to be true. If this is not the case, what are some methods I can use to make at least a few hundred a day?

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    Anecdotally, it's reported that 90% of wanna be get rich quick day traders lose money. What makes you think that you’re going to be in that top 10%? Commented Jun 11, 2021 at 2:23
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    I’m voting to close this question because it is a clearly fake. Commented Jun 11, 2021 at 2:32
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    Average stock increases are commonly assumed as 7-10% ANNUALLY. At 7% after inflation, you double your money every 10 years. To make $100 / day with 7% annual growth, you can withdraw 4% annually, so that would be $36k / year, which would need a balance of about $1M. To turn $150 initial capital into $1M, you would need about 130 years of growth at 10% / year. Commented Jun 11, 2021 at 2:35
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    @PokemonFanboy666 No. There is no 'first move' here. Look at my rough calculation above - you would need 130 years to be able to reasonably make $100 / day, off of an initial $150 investment. It just isn't possible. And most importantly: anyone who tells you it is possible, is going to try and scam you. There is nothing that truly successful you can rely on. Not even close. Commented Jun 11, 2021 at 2:40
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    @PokemonFanboy666 You can't. Not with $150, and not with your current level of knowledge. This is like driving up to Alaska in February in shorts and a t-shirt, asking how to get a quick start on a gold mine. You are at risk of being taken advantage of. Commented Jun 11, 2021 at 2:47

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To make a few hundred dollars a day, you should start with about $500,000, not $150. In other words, your expectations are totally unrealistic.

You cannot reliably make a >100% return in one day, or even one year. After the fact, yes, you can identify stocks that went from $3 to $7, but it cannot be predicted beforehand.

A high-leverage options strategy might provide a significant chance of a >100% return, but it would also carry a large risk of a 100% loss. About the same as playing roulette. Sooner or later, you would go bankrupt.

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  • okay, but how can i get a quick start, im on a disability check monthly but want something better than that, i started getting into cryptocurrency, but thats not fast enough, and if i were to start with half a million to make a few hundred a day wouldnt that be a loss, cause if im correct, if you put 100,000 in a stock and took it out later that day when it went up, wouldnt you come out with a couple hundred thousands? it seems logical to me and thats what i understand, my schooling only made me do math my entire high school life so i thought this would be easy to grasp Commented Jun 11, 2021 at 1:35
  • what i want to know, is how much can a beginner make daily with a good starting method? Commented Jun 11, 2021 at 1:46
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    @PokemonFanboy666 You are looking for a shortcut that doesn't exist. For a stock to double in a day is very unusual, not routine; and for it to be the one you bought is incredible luck. Typically, a stock moves up or down (like a coin flip) by a couple percent each day. So even if you guess right, you don't make anything like 100%. Even the best-equipped professional investors struggle to beat the S&P 500 index, which returns about 10% per year. You need to recalibrate. For now, your key variables to build wealth are income, expenses, and savings, not investment returns.
    – nanoman
    Commented Jun 11, 2021 at 2:00
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    PokemonFanboy666 - It's not rare for low priced stocks or leveraged options to double in a short period of time. With extreme luck you could double or triple your money in no time if your first few positions are winners. But it's also possible that your first few positions will be losers and with such a small amount of capital ($150), you'll be wiped out easily. As one of the few traders here, I can tell you that it takes years of effort to be able to become consistent positive and your entire premise of a quick start and getting rich is a fantasy. Commented Jun 11, 2021 at 22:32
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    @PokemonFanboy666 You are gambling your disability check on Crypto? That is an exceedingly bad idea. If I were asked to write a story about the most foolish concept imaginable, this would be my thesis.
    – JohnFx
    Commented Jun 12, 2021 at 1:14
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Suppose you have $150 and you see a stock for $3 a share. If you put the $150 into it for 50 shares, could it increase up to at least $7 per share, allowing you to sell your 50 shares for $350?

It could. Or it could decrease and you would lose money. You can't know ahead of time which will happen. So putting your whole $150 into one stock and hoping it will go up is not much better than just gambling it on a turn of a roulette wheel.

If this is not the case, what are some methods I can use to make at least a few hundred a day?

There is no way to reliably make a few hundred dollars a day by trading with only $150. It is like asking "what are some methods I can use to build a nice house in two weeks with just a box of toothpicks". It isn't going to work.

As people explained in the comments, one obvious reason is that, if there were such a way, everyone would do it. There's not some magic secret that lets you make hundreds of dollars a day for free.

The most straightforward way to earn hundreds of dollars a day is to get a decent paying job.

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