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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?

Doug Deden
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PokemonFanboy666
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2 Answers2

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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.

nanoman
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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.

BrenBarn
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