I was hoping you would show up again Kunty. This just reinforces what I've always suspected about you... You're not a full time trader, you've never made money , and you just come on here to cry and post about your left-wing drivel. Thanks for the morning laugh. My breakfast will taste much better knowing what a complete and total loser you really are
For traders such as myself who traded through the time period Clubber was referencing, it makes perfect sense and happened all the time. Heck, I know a real estate agent who made over a million in a single month starting with just $10k--- those were crazy times, you shouldn't display your ignorance if were not there. surf
Reasonable to say modest is somewhere up to $100k? At least in the case of the professional who's had time to save.
Bingo People were sitting at their normal 9-to-5 jobs on E*TRADE accounts making tens of thousands of dollars.
We aren't talking about real estate, smurf, we're talking about a newbie trader who starts killing it in his first six months. Nobody does that good without insider info, and yes I do remember the Nineties. BTW, smurf, why didn't it happen to YOU? P.S. I see my stalker Slobber Lang posted less than ten minutes after I did. No surprise there, he's been jonesing to suck my cock for years. Makes you wonder though: what kind of alleged multi-millionaire spends all his spare time stalking and posting other horseshit in online forums? All that alleged money and he can't come up with a better way to spend his time.
Frequent day trading + leveraged + gung ho attitude to risk + tech stocks doubling during that period + a long bias(?). That's a possible explanation.
We already know you're stupid. But apparently you have reading comprehension deficiency as well. 1- surfs friend was in real estate but he made MM trading 2- I didn't make a dollar from March-August '99. That's six months you dolt. 2- 160k is "killing it"? LMFAO. You're a bigger piker than I thought. Hahahahaha
I saved the $$$ over time to have what I felt was needed to have adequate capital. People who start with a few thousand dollars, whether trading prop or retail, are at much higher probability of blowing out. If I were starting a business, whether a restaurant or whatever, I'd make sure I had adequate cash on hand to get the business running as it takes time to generate profits in any new venture.