I think this is the best suggestion so far.
You can alternatively play the lotto.
$1,000,000 in 3 Months
- Thread starter Tums
- Start date
I think this is the best suggestion so far.
You can alternatively play the lotto.
50K into 1 million in 3 months...well, if you're REALLY serious about this, I hope that the 50K is not money that you really need (not that anyone likes to lose ANY money). The problem that I see with constantly increasing positions is that sooner or later, the market will move against you when you're fully leveraged and all your hard work will go to waste.
If I were you, I'd try turning 50K into 1 million in a demo futures account first. Then play with real money. JMO though.
If I were you, I'd try turning 50K into 1 million in a demo futures account first. Then play with real money. JMO though.
I think your should act on making $100.000 from starting with $5.000 or even aim to make $10.000 from $500, ... or even lower. If you can proof to yourself that you can reach that goal you are great in applying discipline and persistance. After that you could switch to a higher order of magnitude.
About your timeframe. You should reserve 6 month instead of 3 month or reduce your target. I think about 2% per day compounding will make it. (You can always overperform...).
In addition that leaves you some time to find a challenging task besides trading, i.e. sports, social acitivties, preparations what you will do after reaching your goals, etc.
Finally. Why do you want to hurry so much?
About your timeframe. You should reserve 6 month instead of 3 month or reduce your target. I think about 2% per day compounding will make it. (You can always overperform...).
In addition that leaves you some time to find a challenging task besides trading, i.e. sports, social acitivties, preparations what you will do after reaching your goals, etc.
Finally. Why do you want to hurry so much?
This is a ridiculous goal.
You're talking about a 2000% return in 3 months.
Good luck with all that.
If you can do that in 3 months, maybe you can annualize it and get 8000% on the year.
You're talking about a 2000% return in 3 months.
Good luck with all that.
If you can do that in 3 months, maybe you can annualize it and get 8000% on the year.
Actually, if he could manage to compound that 3-month return of 2,000% just quarterly for the remaining 3 quarters of the year, then the actual annualized rate of return is closer to 926,000%, give or take, because he would have accumulated over $9.2 Billion by the end of the year. I, for one, think that Tums can do it. If not in this universe, then certainly in the parallel one next door.
Too much effort. If he had only chosen the correct numbers for the March 24, 2007 Canadian Lotto 6/49 draw (1, 13, 19, 26, 32, 46), then he could have made $20,000,000 with a $2 ticket. Tax free.
(Hey, if you can go back in time, then so can I.)
How right you are. Thank you for bringing us back to Earth.