How do I turn a $1000 trade to $100,000 within a year instead of 10 years?

Discussion in 'Trading' started by nxt7, Apr 1, 2017.

  1. Overnight

    Overnight

    I found a shorter version of that for you Handle...

     
    #41     Apr 2, 2017
  2. Turveyd

    Turveyd

    QUISP from ClearStation did this well under a year, day trading stocks nearly 20 years ago, so it can be done.

    You've just got to get very very good at day trading and likely trade 10hours per day, 5 days per week.

    DO IT!! then come back and go Ha Ha to all the NO's !!
     
    #42     Apr 2, 2017
  3. JSOP

    JSOP

    but he wants it in a year, 12 months not 19 months :)
     
    #43     Apr 2, 2017
  4. volpri

    volpri

    Can't be greedy on a 1000 account now can we? :rolleyes:
     
    #44     Apr 2, 2017
  5. ironchef

    ironchef

    You can get tremendous leverage with options:

    If in early August 2016 you purchased a 30 day to expiry DOTM put on BMY strike @ ~$70 when stock was @ ~$75.xx for a cost of ~$0.3x100=$33 per contract, $1000 would buy you ~30 contracts. BMY dropped to ~$60 a share by August 8, so the put would be worth ~$10 at expiration for a total profit of ~$300,000. All within a month. This is not an isolated event for biotech/drug companies. Other examples like BIIB, JUNO... went through the same gyrations.

    If you have the insights and understand the biotech space, it is not gambling but if you don't you are gambling.
     
    #45     Apr 2, 2017
  6. JSOP

    JSOP

    Was just pointing out what the OP wanted, that's all. :)
     
    #46     Apr 2, 2017
  7. vanzandt

    vanzandt

    $30,000.... not $300,000... slight difference. ;)
     
    #47     Apr 2, 2017
    ironchef likes this.
  8. vanzandt

    vanzandt

    Just for fun I tried to find a single trade to do this with... in any given month you can buy $VIX calls about 30 days out 8 or 9 points higher than the current VIX for about $0.20... IE the May 20's are $0.20
    Thats 50 contracts.
    Impeachment or a bombing of Seoul by N. Korea would send the VIX to 40... disregarding circuit breakers I guess... but there's your 100K. That's the only possibility I could find with a single trade.
     
    #48     Apr 2, 2017
  9. ironchef

    ironchef

    Sorry. My mistake. Thanks for checking.

    If you instead bought Deep deep OTM puts, like $65 strike instead of $70, you could get your $100K easy.:D

    Best regards,
     
    #49     Apr 3, 2017
  10. Buy1Sell2

    Buy1Sell2

    Recession, did you know that folks who take short positions in March YM would need to cover that and then short June in order to still be short YM?
     
    #50     Apr 3, 2017