fast way to 1mln

If you work with 200K what is the best way to make 1mln in 2 years?

  • Trend-following: hold stocks for 3-6 months

    Votes: 10 11.9%

  • Swing-trading: hold stocks for 1-10 days

    Votes: 19 22.6%

  • Day-trading

    Votes: 13 15.5%

  • Trade Futures

    Votes: 42 50.0%
  • Total voters
    84
R

radolym

If you work with 200K what is the best way to make 1mill in 2 years? Is it better to make a lot of small gains, 5%-10% each or catch several big trends?
 
Im my opinion, its probably easier to make a mil by short term trading. The longer you hold, the more important fundamental factors become, making your job even harder.

- nate
 
Quote from cashmoney69:

Im my opinion, its probably easier to make a mil by short term trading. The longer you hold, the more important fundamental factors become, making your job even harder.

- nate
More...

My concern is slippage and commissions...
 
'If you work with 200K what is the best way to make 1mill in 2 years? Is it better to make a lot of small gains, 5%-10% each or catch several big trends?'

Put the money with some good CTA rather than risking it yourself, especially if you are a newbie.
 
Short term trading could mean anything from a few minutes to a few days. That is the time frame you want to focus on for achieving your returns. That being said, Your goal of turning 200k in 1 mil in 2 years is unrealistic, especially if you have to ask that question.

Here's the plan, find a mix of strategies that will provide you with the earnings potential while reducing your risk. Create a game plan, execute the game plan, review your results to ensure you are trading optimally, and keeping on target.

You will have set backs, and when they happen, you need to be able to pick yourself up and get back in the game.

Good luck! (It always helps!)
 
Quote from radolym:

My concern is slippage and commissions...
More...

If these are significant problems, then you're likely fishin' in the wrong hole.
 
why the rush to make a MIL $$$?

put 90 % of the sum in risk free instruments
that pay a high rate

give 5 % to a money manager

and 3 % to your wife

and try trading with the other 2 %

:p
 
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