is this a good stocks method?

Question

i've decided to start a career in stocks and since i initially decided that option, ive taken at least 10 hours a day to look up stock prices and think about methods to use, but im 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 thats 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?

nanoman · Answer

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.

is this a good stocks method?

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