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. cr8or

    cr8or

    I turned $10,000 into $1mil and beyond in 8 moths.
     
    #51     Apr 3, 2017
  2. Telepuzik

    Telepuzik

    Larry Williams did it once in 1987 winning "World Trading Championship". He started with 10K, made 11300% in a year trading futures. It can be done with highly leveraged products as futures or options. It is insane but possible and as far as I know it nobody bested him since 1987. One has to be not only the best in the world but I guess the best of the generation. And there is luck of course.
     
    #52     Apr 3, 2017
    lawrence-lugar likes this.
  3. Like anything in life, you need to be focused on the process tweaking and monitoring. The trading business is a business. My advice to you is, trade for your statistics, not your profit. There are maby setups that can be prifitable, but very undesirable statistically. Improve your statistics over tume and profits will naturally follow.
     
    #53     Apr 3, 2017
  4. Turveyd

    Turveyd

    I turned 6k all i had into nothing with Puts a long time ago, if i had the sense to think its a trap go Calls within a week my account would of been way over 100k :(
     
    #54     Apr 3, 2017
  5. Accept for a few sensible replies reading this whole thread is like watching someone high on drugs.You know looking for the next big "hit".
     
    #55     Apr 3, 2017
  6. buy lottery tickets and pray lol ...
     
    #56     Apr 3, 2017
  7. themickey

    themickey

    Ya like......"How do I turn from being a Walmart night shift shelf stacker to brain surgeon within a year instead of 10 years?"
     
    #57     Apr 3, 2017
    gkishot likes this.
  8. southall

    southall

    I turned Nothing into six figures over about 5 years trading binary options.
    Back in the early 2000s a spread bet company (IG) gave me a credit account.
    I don't think they offer credit accounts anymore.
    Back in those days Binaries were so badly priced with much tighter spreads, easy money.
     
    Last edited: Apr 3, 2017
    #58     Apr 3, 2017
  9. FanDuel
     
    #59     Apr 3, 2017
  10. Mtrader

    Mtrader

    I know somebody that went from almost zero to over 100 billion. He is the richest man on earth, although not officially. He had a very good risk management as he is still alive. His opponents had not such a good risk management as many of them are dead.
     
    #60     Apr 3, 2017
    Ghost_of_Blotto and themickey like this.