can i retire in 5 years starting with 5,000$ ?
- Thread starter mr double
- Start date
Quote from OddTrader:
Oh God, please help me and others not to mention God anymore when concerning trading, particularly if posting on trading forums like ET. Thanks God!
God God God God God God God God God God God God God God
God God God God God God God God God God God God God God
God God God God God God God God God God God God God God
There. I got him out of my system for today...
And now for the Atheist's at ET:
doG doG doG doG doG doG doG doG doG doG doG doG doG doG
doG doG doG doG doG doG doG doG doG doG doG doG doG doG
doG doG doG doG doG doG doG doG doG doG doG doG doG doG
Whew! That was an enlightening experience...
You know it would of been weird if cavemen would of called dog's
god at first. Because then we might be calling God "Dog"...
Could be happening on a different planet that is the opposite of ours.
They could have all these little gods running around and be praying to Dog...
Quote from Mishima:
Well,
Mr Double.
Perhaps this trader can continue to inspire you to gain alot more confidence, because these guys are so realistic, that they actually want you to fail.
Because most of them do, heck.
I have seen ONE post at all congraduting you on ANY of your successful trades, not anywhere in this thread. There was always a smartass remark near the end of each one.
But, here.
Check this out.
You don't even need the full $5,000, see what this guy did to his account with under $2,000. He turned his account into Million within a year and a half, but. Somehow, his broker cheated him, serverely, see what i mean
here;
http://www.forexfactory.com/forexforum/showthread.php?t=5742
Now you know, it is possible. Let's see the hatred remarks now, fellas with the big egos, i am waiting for your smartass comments and generic wisdom.
I read that thread over there on that forum, and there have been so many idiots who thought the guy started with 1000 and made into 7 figures. LOL. He started with this:
"That was 18 months ago. I started with a small amount and had no major problems until through additional deposits and successful trades I approached 7 figures in my account."
He made additional deposits ...
His story is believable. The guy got cheated. No doubt about it.
I started out trading stocks with A.B Watley, and got similar problems. I could never figured out. Exactly as he described. When an order was in my favor, would not be executed, but when it the trade went against me, the order would be executed immediately. In the beginning, I got margin call once, and after I told them over the phone I would make additional deposits, I overheard the guy on the phone with me whispering to other guys with big disappointment, mentioning I will make additional deposit .
. Once I made a short trade it went through, and immediate was in my favor; then at the end of the day, they call me and said the short trade was cancelled because there were no upticks. That stock then fell harder in the days followed. Someone mentioned on that thread over there, that brokers are out to get you, they want you to fail. That's why a large percentage of traders failed.
With another direct access broker, I could never figured out why my market order could practically reverse a fast and furious train on its way upward. Every time I bought into a long position on stocks that are in the news, it would stop immediately and reverse backward, even the train was so fast and furious. Every single time. I keep losing, untill I call my brokerage firm and ask if market makers know who I am when I make a trade, they confirm that each order would have an ID number, and yes it would broadcast some info about me.
Then afterwards I read about accounts at SOES trading firms most got wiped out. (Remember the guy who shot people and then killed himself ? even though it was a big bull market).
Quote from Adobian:
I read that thread over there on that forum, and there have been so many idiots who thought the guy started with 1000 and made into 7 figures. LOL. He started with this:
"That was 18 months ago. I started with a small amount and had no major problems until through additional deposits and successful trades I approached 7 figures in my account."
He made additional deposits ...
Sorry late apex. Probably you're right.
I deeply believe the guy who make 1M from 1K. The intention behind writing his thread is not to tell people that he made lots of money, instead, he just want to tell the poor experience from the broker. In fact, 1000 gains in 18 months just means 46.8% gain per month, and 1.8% per day, of coz you will question it as impossible to make the trades 100% correct but there is no need to make it 100%. As low as 50% can have a 1.8% gain on each trade day. You can have 9 trades lost 1% and one break out trade which win 10%, that end up with a win on average. I havent checked it detailedly from the thread but I suppose that guy dont even need to be full-time trader. He just program his edge with an automated trading system. Then sit and wait. But as he told the brokers start acting against you when your account grows to certain level. Anyway, 1M from several brokers can make me retired already. Let me dream first
Hey Mr double...you a millionaire yet?
Quote from mr double:
that's what i found while browsing in web:
Turn $5,000 into $1.5 Million
If you started out with just $5,000 and managed to make only 10% each month investing , you could end up with $1.5 Million in just 5 years
i have only 600$
so, i deposited them in my account at FXCM
my plan to turn them into 1000 by the end of this month
this is minimum to participate in a contest held each month
to win and get prize money( 2,500$), i need to make about 500-1000%(just checked last and current month winners)
hopefully in july with now 10,000$ i move to the stage 2 targeting
10% eacn month(that should be easy)
P.s which trade do you think should i enter,to get quick $
Hi,
I know I'm a bit late on this thread, but the best I could do regarding the above is make 50% a year trading stocks (which I've done for the past 5 years).
If you started with $10,000 and made 50% a year, you would have 1/2 a million in ten years - that's what I'm aiming for.
Thanks
Damian
U.S. Share Trader
Let's face it, most people lose in the markets. Obviously everyone goes into this hoping to make money, otherwise what would be the point? But having unrealistic ideas about making a million in merely means you will overleverage yourself, blow up your account, blame your broker and start posting stuff on message boards about how you were traded against.
Good job Damian, 50% is great! At least you are not talking ridiculous numbers like turning $300 mini accounts into multimillion $ fortunes. How ridiculous...
Good job Damian, 50% is great! At least you are not talking ridiculous numbers like turning $300 mini accounts into multimillion $ fortunes. How ridiculous...