One trade to $1 million

Discussion in 'Trading' started by 1a2b3cppp, Mar 7, 2011.

  1. #11     Mar 8, 2011

  2. mathematically, the chances are 1 in 1000 approximately. if the OP has a solid edge the chances would be in the 1 in 100 range.

    it is far fetch but still not even close to the 1 in 1million range, as some label it here. in other words it is doable and it has been done countless times already.
     
    #12     Mar 8, 2011
  3. Didn't Victor Niederhoffer Pyramid a small account into 10 mio, before he got picked up by Soros?
     
    #13     Mar 8, 2011
  4. 1 in 1,000... with a $1,000 account to $1,000,000. So your overall expectancy is still 0 (minus commissions). lol.
     
    #14     Mar 8, 2011
  5. That guy writes like a 7 year old. That was hard to read.

    Although I will agree with this:

    "...That’s what you need to do in the business of investing. That’s how we make money. By averaging up on the long side and averaging down on the sale side.”
     
    #15     Mar 8, 2011