From $5k to $50k

Forget it. I don't have time for you guys' BS and cynicism. I'll just trade and keep it to myself...as I should be doing in the first place.

 

It was likely when you saw the math and realized 19% a month was impossible.

At least in your last thread you opened 2 trades before quitting. This one you opened 0 trades.

 

19% a month is not impossible. On small $5k accounts, you can make 100%+ a month. I'm not talking compounding at 100% a month, just simple return a month.

 

I have no doubt that it is possible. It is also possible to buy a $5 lottery ticket and win millions.
But you must agree it is not likely and not sustainable. If you gave 100,000 people this challenge there will likely be a few who do make 19% in a month. Now what are the probabilities that they will make that 19%/month for 12 straight months...

If 5k is pocket change then sure take on the challenge.
Would you invest 5k with a person who is going to try this?

 

A good trader trading a single futures contract can certainly make 50k on 5k. A very skilled trader can trade multiple contracts with 5k and earn multiples of the OP target. A newbie will dissipate that 5k like a fart in a hurricane.

 

Still, best of luck to you!

 

I agree. Though I do not think it is necessary that every new trader blows through $5k on his way to profitability. If one gets a right start and doesn't have discipline or ego issues, the "blown account" phenomenon is avoidable, imo.

 

I don't disagree, but it's more common than the alternative. I wish my first blowout was only $5000.

 

I may start a $50K to $5K thread.
It will be a lot more entertaining than what the OP posted here. He quit before even doing 1 trade

 

Yeah, that's kinda funny ....and rather sad too.