$50,000 turned into $1M

sp2020 said:
I plan to trade small stocks at $10 on good news, buy 3000 shares ...looking for 3-5 cents profit per share & repeat the trade if possible...
If a stock take out 2 days high on good volumes, I am in....

$2000 per month= only $100 profit a trading day.

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I am new though so I have no ideas if it is possible but my target is small, I hope it would work. I don't plan to trade on margin....
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Please give your insight, thank you.
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Your answers to these questions will be very insightful:

What size stop loss will you be using?

Based on that stop loss and your .04 average profit target, what is the win rate of your system over the last 100 trades that would've qualified under your trading plan? What is the win rate over the last 200 qualifying trades?

How much slippage have you estimated on trades that get stopped out before reaching your profit target?

How does the phrase "Eat like a bird, poop like an elephant" apply to trading?
 
Tim Grittani went from $1,500 in 2011 to $1,000,000 in 2013. Presumably he achieved this trading penny stocks according to Tim Sykes.
 
sharpe said:
Tim Grittani went from $1,500 in 2011 to $1,000,000 in 2013. Presumably he achieved this trading penny stocks according to Tim Sykes.
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And if you buy his courses he will take you from $1.50 to ten million...
 
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