Did anyone make a lot of money this year? This trader said he made over a million from 50k...

[Elly9]

Honestly idk how true is that but we should definitely take some motivation from that and enhance our skills.

 

[systematictrader]

With 100x leverage I guess anything is possible. But 100x is super risky, anything more than 3x is nuts for me. But a win is a win afterall. You can afford to lose many times because you only need to be rich only once. If he has any sense, he should take half of it buy a property or something and then take the rest to "play" with.

Buy a property
Lol
Why would someone who made fortunes in trading believe in real estate

 

[systematictrader]

you guys do get that this is virtually mathematically impossible trading fx pairs.

It would be equivalent to flipping 30 heads in a row. Possible but get real.

Lol
Impossible
Then how some to do it reversed and lose ?

 

[lovethetrade]

Buy a property
Lol
Why would someone who made fortunes in trading believe in real estate

Someone that knows that eventually his luck will run out and he may lose a significant portion of his wealth trading with the same level of risk.

Diversifying in real estate would be a smart thing to do IMO.

 

[HolyGrailSeeker]

Buy a property
Lol
Why would someone who made fortunes in trading believe in real estate

A black swan event could wipe out a huge percentage of your portfolio esp since his using up to 100x leverage he could just be lucky and may lose it all. Jessie Livermore made a billion dollars adjusted for leverage yet lost almost all in his last years. ( in fact he has made alot and lose it all like 3 times, the third time was his undoing).

A very famous Japanese trader BNF bought an apartment worth 40 million or something as he said his net worth at that time 200 million it was getting hard to trade as there was too much money to move about.

 

[systematictrader]

Someone that knows that eventually his luck will run out and he may lose a significant portion of his wealth trading with the same level of risk.

Diversifying in real estate would be a smart thing to do IMO.

well if we assume its luck then i agree with you

 

[systematictrader]

A black swan event could wipe out a huge percentage of your portfolio esp since his using up to 100x leverage he could just be lucky and may lose it all. Jessie Livermore made a billion dollars adjusted for leverage yet lost almost all in his last years. ( in fact he has made alot and lose it all like 3 times, the third time was his undoing).

A very famous Japanese trader BNF bought an apartment worth 40 million or something as he said his net worth at that time 200 million it was getting hard to trade as there was too much money to move about.

Cant the black swan also move in your direction of the trade? why do we always think of it as wiping you out. Cant the black swan also wipe out your house? or real estate investment as did in 2008?

 

[Katyannaria]

if this is true, then this trader is a great job, or is it lucky?

 

[greeneveryday]

He probably has some skills.. Considering he has been in the market for 7 years. However, most of his trades were from penny stocks... Which I think not sustainable in the long run... We already know they are mostly pump and dump schemes.

 

[vanzandt]

Buy a property
Lol
Why would someone who made fortunes in trading believe in real estate

Because there's a limited supply?
Gotta pick the right land however. 15 year vision. Deep pockets can go longer. Grand-kids and all.