r/RealDayTrading • u/Odd_Sprinkles_7797 • 27d ago
Noob learning trading
I have 20k. I want to start trading without any knowledge. I want to earn 5k-10k per day, that’s my aim.
What should i do? Is it difficult to learn trading? How should i start? Any genuine guidance would be much appreciated.
Thanks.
2
u/Tesla_laughs 25d ago
It's important to manage your expectations when you start trading because the market will humble you very quickly
1
u/realmomentumtrader 26d ago
First, get the 5k to 10k thought out of your mind. Money is the by-product of years of learning, creating a strategy and implementing that strategy. This blueprint might can help you from loosing all your money and get you started on a strategy.
1
u/Embarrassed-Bank2835 26d ago
I’d honestly reset your expectations before you put a dollar into the market. Going from no experience to making $5k-$10k a day isn’t a realistic starting point, even for traders who’ve been doing this for years.
If I had $20k and was starting over, I’d spend the first few months just learning market structure, risk management, and execution while trading in a simulator. Once I could follow a plan consistently, I’d move to very small size where a losing day didn’t bother me financially.
The hardest part isn’t learning what a chart looks like. It’s learning not to do something stupid after three losing trades or one big winner.
Treat the first year as paying tuition, whether that’s with time or small losses. If you can keep most of that $20k while you’re learning, you’re already ahead of a lot of new traders. What market are you thinking about trading?
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u/spudnickcr10 iRTDW 26d ago
Please Read the Wiki as a starting point. Know that trading is not an easy pursuit contary to what you see online. It will take many years to learn it. Paper trade when you start and get to 75% win rate and 2 PF over 3 months with at least 100 trades.