Great journal Neke, you have inspired me to do a similar thread on et, i have 285K in my account, will try to get to 1million by the end of the year... will create my journal shortly..
285 in cash, times 20-25:1, you're at 5-6M in leverage. you could trade one stock, like SQNM or PALM or...any number, and make 25% to hit your million in a single day. i'm not seeing how it's that complicated. someone clarify it if it is...or else.
any fund manager who can't make $250K on $5M in capital in a day, or a week, or a month, should reevaluate their jobs. i'm not saying i could, that would be arrogant, but there are a thousand examples of buy and hold overnight, or open to close, where that was possible today and yesterday, on relatively minor market moves.
it's not. if i can make $6000 on a $10K account today with $200K leveraged, then... sorry. it's as possible as losing it to zero, which is more likely than hitting a million.
What is nonsense is to think you can do that day after day without blowing up. In hindsight each of us can find a trade every day that had we made it the day before we would have doubled our money. Doing that consistently in foresight ain't gonna happen.
i never said day after day. i am a strategic trader. i'd walk away after a good day, reallocate. but on apple alone this week, yeah, it's possible. anything is possible.
what's the point of this nonsense ? you can't do it! So please take your garbage elsewhere instead of hijacking this thread.