I mean like this new member on ET and his new journal, he has a plan and is giving us some metrics about his trading and how is going to get rich quick: https://www.elitetrader.com/et/thre...-a-year-a-high-risk-trading-challenge.382522/
Good Morning Businessman, Before I respond to you, I have a question please. Were you born and raised in America?
No, I was born and raised in the UK. I know you said in your previous post that Americans want to get rich quick. But I think men everywhere also want to go get rich quick.
IMHO, it really comes down to your rate of return. not your starting capital. You need to get on the right side of convexity/compounding.
Good Evening Businessman, I was born raised in America poor. If you live in America, you will quickly understand you need a lot of money to live a happy life. And in America, you can not messing around with that fancy talk stuff. Make money or be poor and sleep on the street in America.
I have no idea how much initial risk capital SML has. Maybe he only has 10K or maybe he has 100K+ or more. All other things being equal, If he only has 10K it is going to take 1 to 3 years longer to for him to reach 1M vs if he starts with 100K. An even quicker path to get rich: If he doesn't have much risk capital himself but can use other peoples money and trade for them and say take 50% in performance fees, then that will greatly speed up how long it takes him to 'get rich quick'
Why are you messing around posting on ET then. Some markets like Bitcoin trade 24/7, even on Christmas Day. Stop messing around and go make money. Do you want to end up sleeping on the street?
The US isn't any different than any other country in regards to cost of life. If there is any difference I would say that is a lot easier to live in the US than anywhere else. With the option to move between states if someone really needs to look for an opportunity. People around the world have to learn other languages to move just the way you move to your next state in the US. So the narrative that is very hard to live in the US only works for you guys inside the country.
An opportunity to get broke even faster ! To achieve extraordinary returns … We need 1. To get lucky 2. To size the opportunity. Wish you guys are well prepared, Wish you guys insane luck. Wish you guys … A merry Christmas & a Happy New Year.