%10-40 a month with a small acccount.

R
speedo said:
These threads often take on the aspect of a room full of theologians arguing about how many angels can fit on the head of a pin.
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ROFL i gotta know the answer...how many?? One too many? Or depends on size of pin and size of angels? Come on spill the beans speedo!
 
Hey, anyone can do 50% a month real easy. The only requirements are listed here:
  • Must not know much
  • Must call himself elite
  • Must buy trading courses from vendors good at marketing but no record of eating their own cooking
  • Must be arrogant
  • Must use an expensive secret indicator
  • Must spend lots of time on social media
  • Must not use any discretion
  • Must not set stops
  • Must not prepare
  • Must not be disciplined
  • Must use max leverage
  • Must have a few drinks before trading
 
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Yes its very possible, given a few (very important) things;

  1. You are already an experienced profitable trader.
  2. Trade futures.
  3. Have a broker with low intraday and maintenance margins.

I just did this in the past month, for example. A friend had some money to spare and wanted me to trade it for him. $1,800 to start on 6/24, and up to $3,455.58 as of today (7/21). That's what, 90% return?

I did it by mirroring my trades (I'm a position trader in the summer due to the slower moves), but with smaller contracts due to risk management. So instead of trading a full gold contract (GC), I used a couple of MGC. QM for oil, ZF for bonds, and didn't trade the index since you can't hold it overnight with such a low account.

Example.PNG
 
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Yes. I did it myself, and more, lots more. August 99 I opened an account with 7K. My very first online account with etrade.I used yahoo finance stock screener for "research". I knew nothing. Traded, if you can call it that nothing but the penny stocks. March of 2000 that account had grown to over 200K. I was a stock trading genius. We all know what happened in March 2000. Market tanked. I sank with it. The tragic ironey of it all is that all losses came in the so called real stocks. I bought all those dips in stocks like Lucent, CMGI, Cisco, Yahoo and others. Rode those bitches all the way down to my account falling to 40k, at which point I said uncle. New traders are like virgin shooters at the craps table. Too ignorant to know they're doing it "wrong". Oh to be young, dumb and lucky
 
CaptainObvious said:
Yes. I did it myself, and more, lots more. August 99 I opened an account with 7K. My very first online account with etrade.I used yahoo finance stock screener for "research". I knew nothing. Traded, if you can call it that nothing but the penny stocks. March of 2000 that account had grown to over 200K. I was a stock trading genius. We all know what happened in March 2000. Market tanked. I sank with it. The tragic ironey of it all is that all losses came in the so called real stocks. I bought all those dips in stocks like Lucent, CMGI, Cisco, Yahoo and others. Rode those bitches all the way down to my account falling to 40k, at which point I said uncle. New traders are like virgin shooters at the craps table. Too ignorant to know they're doing it "wrong". Oh to be young, dumb and lucky
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Speaking of young, dumb, and lucky, my third stock purchase was 50 shares of MO at $20 to spite a friend who smoked Marlboro. Own them still, and many, many more shares of it.
 
MrMuppet said:
But that's not the point. Newbies always think in % returns, because they asume if they can make 10% a month, they just have to keep on compounding and be rich soon.

Nothing is further from the truth. For one, nobody pays rent and groceries in percentages, so nobody gives a fuck. Second, trading is scalable but not in an unlimited fashion.
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Allow me to counter your expert intelligence with one of (many awesome) Paul Tudor Jones' quotes:

"After a while size means nothing, it get's back to whether you're making 100% rate of return on $10k or $100millions. It doesn't make any difference."

I will let you take out of that quote whatever you want.

While trading is not scalable in unlimited fashion, it is scalable way beyond what you would consider "satisfactory" for you. And even then you can keep on increasing your size further with little modification to your plan/method.
 
Impossible for 99.9%. You can't be on RegT and do that without variance killing you.
You've got to create your own strategy, if you're relying on someone to give you a strategy you've already lost.
I know of only one strategy that you can do that on, but you won't find it on any investopedia or trading websites/books.
 
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