Taking 5,000 to 100,000

Discussion in 'Trading' started by MWycliff, May 11, 2011.

  1. jfranco

    jfranco

    Your basically saying you want to score a touchdown when your at your own 5 yard line. Life and trading are a game of inches get the education strategies know your market discipline all these things need time. And time my friend...is money.
     
    #11     May 11, 2011
  2. I know back in the 90s I had heard of a few people that took a $10k account to $1 million in 1 year in futures...of course margins were alot smaller back then.
     
    #12     May 11, 2011
  3. Larry Williams ran 10k up to 1 million in a year, and wrote about it in his book How I made 1 Million Dollars Last Year Trading Commodities.
     
    #13     May 11, 2011
  4. Magic8

    Magic8

    Hell yea! You can do it!
     
    #14     May 11, 2011
  5. MWycliff

    MWycliff

    In other words, it's possible if one takes the correct actions. And that is the entire purpose of what I want to do. By posting, I hope to be held accountable for any stupidity I may engage in.
     
    #15     May 11, 2011
  6. MWycliff

    MWycliff

    I don't know of anyone who has done this. However I do know someone who has taken a 10K account to 0 numerous times. Me.

    By posting trades, I hope to be beaten into a pulp by board members should I begin to engage in any irrational stupidity. I plan to take only setups that have good reward to risk ratios. I'll post the plan once figured out.
     
    #16     May 11, 2011
  7. FOREX gives you 50:1 leverage so if you can manage your risk well enough it's do-able.

    There is a guy i recently had pointed out to me on a site called Aussie Stock Forums named Trembling Hand and he scalped with about 1K and ran it up to 50k in 6 or 7 weeks.
     
    #17     May 11, 2011
  8. will be interesting to see this
     
    #18     May 11, 2011
  9. heech

    heech

    Not hard. Find a big group of friends (perhaps from an online forum) and head to Vegas, each with $5k. Each person bets a number on the roulette table... one of you will hit the 35 to 1, and walk away with $175k.

    That person can then proceed to write a blog and multiple books about the secrets behind his ultra successful gambling strategy.
     
    #19     May 11, 2011
  10. es5es5

    es5es5

    Link?
     
    #20     May 12, 2011