fast way to 1mln

Discussion in 'Strategy Development' started by radolym, Apr 19, 2006.

If you work with 200K what is the best way to make 1mln in 2 years?

  1. Trend-following: hold stocks for 3-6 months

    10 vote(s)
    11.9%
  2. Swing-trading: hold stocks for 1-10 days

    19 vote(s)
    22.6%
  3. Day-trading

    13 vote(s)
    15.5%
  4. Trade Futures

    42 vote(s)
    50.0%
  1. radolym

    radolym

    If you work with 200K what is the best way to make 1mill in 2 years? Is it better to make a lot of small gains, 5%-10% each or catch several big trends?
     
  2. Im my opinion, its probably easier to make a mil by short term trading. The longer you hold, the more important fundamental factors become, making your job even harder.

    - nate
     
  3. radolym

    radolym

    My concern is slippage and commissions...
     
  4. toc

    toc

    'If you work with 200K what is the best way to make 1mill in 2 years? Is it better to make a lot of small gains, 5%-10% each or catch several big trends?'

    Put the money with some good CTA rather than risking it yourself, especially if you are a newbie.
     
  5. Smart thinking. Also intraday misses out the overnight gaps and breakouts.
     
  6. Short term trading could mean anything from a few minutes to a few days. That is the time frame you want to focus on for achieving your returns. That being said, Your goal of turning 200k in 1 mil in 2 years is unrealistic, especially if you have to ask that question.

    Here's the plan, find a mix of strategies that will provide you with the earnings potential while reducing your risk. Create a game plan, execute the game plan, review your results to ensure you are trading optimally, and keeping on target.

    You will have set backs, and when they happen, you need to be able to pick yourself up and get back in the game.

    Good luck! (It always helps!)
     
  7. dac8555

    dac8555

    depends on market conditions... trend following has been great lately.
     
  8. The ideal strategy is a combination of both day trading and swing trading.
     
  9. If these are significant problems, then you're likely fishin' in the wrong hole.
     
  10. why the rush to make a MIL $$$?

    put 90 % of the sum in risk free instruments
    that pay a high rate

    give 5 % to a money manager

    and 3 % to your wife

    and try trading with the other 2 %

    :p
     
    #10     Apr 24, 2006