From $5k to $50k

Forget it. I don't have time for you guys' BS and cynicism. I'll just trade and keep it to myself...as I should be doing in the first place.
 
Money Trust said:
Forget it. I don't have time for you guys' BS and cynicism. I'll just trade and keep it to myself...as I should be doing in the first place.
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It was likely when you saw the math and realized 19% a month was impossible.

At least in your last thread you opened 2 trades before quitting. This one you opened 0 trades.
 
19% a month is not impossible. On small $5k accounts, you can make 100%+ a month. I'm not talking compounding at 100% a month, just simple return a month.
 
Visaria said:
19% a month is not impossible. On small $5k accounts, you can make 100%+ a month. I'm not talking compounding at 100% a month, just simple return a month.
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I have no doubt that it is possible. It is also possible to buy a $5 lottery ticket and win millions.
But you must agree it is not likely and not sustainable. If you gave 100,000 people this challenge there will likely be a few who do make 19% in a month. Now what are the probabilities that they will make that 19%/month for 12 straight months...

If 5k is pocket change then sure take on the challenge.
Would you invest 5k with a person who is going to try this?
 
speedo said:
A good trader trading a single futures contract can certainly make 50k on 5k. A very skilled trader can trade multiple contracts with 5k and earn multiples of the OP target. A newbie will dissipate that 5k like a fart in a hurricane.
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I agree. Though I do not think it is necessary that every new trader blows through $5k on his way to profitability. If one gets a right start and doesn't have discipline or ego issues, the "blown account" phenomenon is avoidable, imo.
 
fortydraws said:
I agree. Though I do not think it is necessary that every new trader blows through $5k on his way to profitability. If one gets a right start and doesn't have discipline or ego issues, the "blown account" phenomenon is avoidable, imo.
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I don't disagree, but it's more common than the alternative. I wish my first blowout was only $5000.
 
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