$50,000 turned into $1M

Just curious if anyone here has turned $50,000 to one millions through trading? If so, how long it would take.

Thank you

 

Buy every dip on leverage. If it all doesn't fall apart and you manage the risk well, in 2 years, I imagine you will be there.

 

You would need a 20 reward vs risk trade, which is not impossible, the hard part is being right on your first and only attempt

 

ET Alchemy

It is much more common to turn $1 million into $50K

 

traders have a very singular sense of humour! lol

 

i have my best friend at this time who did this, starting at the beginning of 1998 untilmid 2000) , we were following a system, the main lesson of this is to let your profit run, cut your losses, and to profit from good period of volatility to increase the size of your positions

 

he turned 50.000 to 2.5 millions in 2.5 years

 

1998-2000 was like shooting fish in a barrel as was 2008-2010.

 

I know a guy who turned 10k into 100MM in ~11 years. All organic growth.

 

haha...funny! but true