I have a strong way to end june 2002 with 1M$ in trading account: u start trading in april with 2M$ ...
Larry Williams? Don't know the guy. I don't spend time getting excited about a fellow trader(s) making tons of money, I spend time coming up with the system that works for me personally. I'm not a kid but wish I were about 25 at this time in the marketplace. The young guys should be kicking major butt. If you're gonna dream, dream big and just do it. Mr. Microsoft refused to listen to the naysayers and he did something that they couldn't believe. Now they spend all their time trying to take him down wishing they were in his place. History is filled with mavericks that were told over and over and over again, impossible!! If Edison stop trying we might still be having candlelight breakfast, lunch, and dinner. So, to the naysayers I say, follow your dream. Let's stay positive and support our fellow traders no matter what dream they are shooting for. Speaking of dreamers, if you know anything about the Joseph (who was a jew), he became second in command over all Egypt. He believe the dream!!
I think $1mil a year is possible! Nothing is impossible! And it takes the impossibles to do the impossible.
1mil in a year is possible, course it is...only things is this guy's talking about doing it in less than two months. I agree that if you ever wanna do 1mil in a year then you need to set it as a goal (I mean, you're unlikely to "luck" your way to it). Sure Edison tried thousands of times (or so the legend goes) before he got the lightbulb right. With the risk level you're gonna have to take turn $20k to $1000k in a month, if you blow it, how many more chances are you gonna get? Could be a long time between drinks... And I'm still wondering how you're gonna daytrade at a retail broker without $2_5_k? (unless you're going prop...but then you've be the first pro I've come across whose never heard of Larry Williams..) PS - According to the way the bible tells the story, there's no mention of Joseph setting a goal to be No2 in Egypt - he was basically a "chosen one". (Interestingly, there's no proof in any Egyptian records that there was ever a Jewish No2 in Egypt...only place you hear that is the bible.) Daniel
and edison didn't invent the light bulb ... tesla did ... edison & westinghouse just stole it from him (as well as about a million other ideas). and didn't JC say something about a camel and a needle ??? M
after a +207 DJIA & +55 NDX making $1mil is totally possible, provided (in the easy method) that there are more than a few consecutive days like this. Then, making $1 mil might seem paultry, because the Dow will be over 12,800 and so on. so, its possible.
Can't let this one pass. Edison did invent the light bulb. Nikola Tesla (and a few others) were credited with inventing radio, or, more precisely: Marconi's patents were overturned because it was all 'prior art' - Marconi didn't really invent anything new at all. Tesla made a number of inventions related to AC power which he sold to (George) Westinghouse. Edison was a proponent of DC power distribution, which could not possibly work on a large scale as AC does. Mr. Toad
Its good to dream. But save dreams for the night. Mr. Market has a way of handing nightmares to dreamers. Unless you have made a mil in the markets before and have considerable experience, the goal you set for yourself ignores the necessary process of attaining it. I have a simple goal: I am going to make disciplined, intelligent trading decisions. My goal is the holy grail of trading.
see folks this is why this board is so great, not only do you get an opinion/ advice about trading but you get a refresher course in history. this is what it should be all about not talking down to others, just a simple exchange of useful information. even though the lightbulb thing wont help my problem of not holding winners long enough- thnx
Stockdance, You've been seduced. You're going to go into this with $ signs dancing in your eyes and will end up ruined. Go into trading slowly, with 50-100 share lots and work up slowly. Don't be greedy, it will bite you or worse. Or maybe you're not for real and are the seducer, setting an "example" for others to follow. Bad example.