1k per day on a 50k account? That's 2%/day; assuming 250 trading days/year, that's 500% annualized... without compounding earnings. To give you some perspective, Buzzy Schwartz, one of the best day-traders of all time, posted a 443.7% return in futures in a 1984 trading contest ftw. Imnsho, this is absolutely spectacular: And here's the leaderboard from the World Trading Championship, 2021-22 [2] 1. Amazon.com: Pit Bull: Lessons from Wall Street's Champion Day Trader: 9780887309564: Schwartz, Martin: Books 2. https://www.worldcupchampionships.com/world-cup-trading-championship-standings
What was the plan when one wishes to learn the guitar or a new language? First, is success at guitar playing for a hobby for personal enjoyment, or to be a professional and a recording artist? Does one hire a teacher or mentor to learn of be self taught? How much does the "learning curve" cost in time and money? How capable are you to absorb the information that may be required? Good hard working student or just a "dilettante" curious of what maybe possible and "how fast and easy" it is to achieve results. From my years of experience: Pay No one to be your "Guru" for the "course or training". If they are selling it -- it is worthless. Secret is to learn by trading small and often, and profiting while learning. Is it worth the effort? Absolutely! So welcome to the adventure and the greatest business in the world!
To make a few sport comparisons: - In U.S. Football, you'd be a better Quarterback than Tom Brady or Terry Bradshaw ... better running back than Walter Payton, Jim Brown, Emmet Smith, or Adrian Peterson - In Soccer/Euro Football, you'd be better than Messi, Maradona, or Pele - In Basketball, you'd be better than Shaq, Michael Jordan, or Lebron James
The goal every trader should strive for is to be a consistent winner. The market determines how much of a winner that will be, not the trader.