$3k to $1 mil in one year
- Thread starter panganp
- Start date
Just drink a case of...
...and you might make it through half of it when it is finally finished. If you live in US and have a 4-day weekend you can get a running start.
I remember a broker telling me about a client he had that started with $14.5 million during the dot com craze. He ended up cashing out $100k after around 2 years or so.
Remember that for every rags to riches story, there's about a dozen riches to rags stories.
Wonder how he did with the vix pop this week being short vol.
Nice post. But it should not be a dreamers game; herein lies a fundamental problem. Most people who devote a lot of time to playing basketball are happy with improving and staying competitive ... no dreaming of replicating Curry (or Messi if talking football). The sports industry does not transmit that anyone can become a top star.
Trading and gambling are the exact same thing. Nothing wrong with gambling. Investors are gamblers as well, just on a different scale. So are entrepreneurs. And anyone taking on risk.
what are the odds of losing 3k before profiting to 1 mil?
If you think like joe average you will become joe average.
These are the 195 NEW billionaires from 2017 till now:
https://www.forbes.com/sites/katias...anny-stul-patrick-john-collison/#11a0862a4f1d
Statistically they had almost a zero chance to become billionaires. But they did.
That is completely unrelated. What you are basically saying is that we should all gamble 3k at the roulette table or slot machines because 1 in 10000 will win 1mil.
You are still (judging from your many related posts) way too impressed and swayed by riches and people who made it. At least don't lose your objectivity over money and wealth.
By the way the probabilities of turning 3k investment in a startup into a billion are orders of magnitude higher than making a million from 3k trading. It's simple probabilities.
You are still (judging from your many related posts) way too impressed and swayed by riches and people who made it. At least don't lose your objectivity over money and wealth.
By the way the probabilities of turning 3k investment in a startup into a billion are orders of magnitude higher than making a million from 3k trading. It's simple probabilities.
No, I don't say to start gambling. If you would read more of my postings then you would know that I am against gambling. But trading has NOTHING to do with gambling. I don't like the attitude that people should be kept stupid and they should never be ambitious. The mass should be kept joe average.
Without ambition you will never succeed in anything. I did several things in life that according to people was stupid to do as it would by definition be impossible. One of these things was start to daytrade. All those who told me that, are now dreaming of the income I have. They all would sign immediately for that income.
I agree that it is very tough and only a few realize it. But if you never try you are already a loser before you start. I made huge losses at start but was stubborn. And now I am happy I was. I had a few failures too, but that's part of the game.
If you would read most of my posting you would know that I am not interested in rich people and money. I limit my trading and enjoy life as much as possible. I told this already many times in discussions with bashers. They said I should be the richest man on earth. I am not and will never be. I trade for a living, I don't live for trading.
So before judging people, know enough about the person you want to judge. Instead of making yourself ridiculous by posting things that are completely wrong.
You should also follow a course in comprehensive reading. I never said anything about the probabilities of turning 3k investment in a startup into a billion. I only wanted to show that things that are considered as almost impossible still can be achieved.
By making good money I achieved objectivity about money. I see now that you don't need billions to have a good life.
Trading = Gambling. Try to disassociate gambling from its stigma. It does injustice towards professional gamblers. There is average gambling (for fun, addiction, stupidity, etc) and responsible gambling, with favourable odds and appropriate sizing.
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