I always liked this quote
There are a million ways to make money in the markets. The irony is that they are all very difficult to find.
Jack D. Schwager
From $5k to $50k
- Thread starter Money Trust
- Start date
I always liked this quote
There are a million ways to make money in the markets. The irony is that they are all very difficult to find.
Jack D. Schwager
Would you shared it if you found, after years of hard work and losing money, a very profitable system? You do the work, take the risk and lose the money, and others should take the benefits from it?
Ask Jack to give you his system.
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it's very doable though
starting with 5k, trade 2 CL contracts with a target of 10 ticks a day, increase contract size as account size grows
but this requires strict and consistent discipline which 99% of people can't manage
starting with 5k, trade 2 CL contracts with a target of 10 ticks a day, increase contract size as account size grows
but this requires strict and consistent discipline which 99% of people can't manage
I did share one of my systems for free which I posted on this site. I posted all trades for 12 years.
But we speak about very profitable systems, not 24% a year. According to you many on ET pretend to have much better performances. I was refering to them.
But much depends of what you trade, in which timeframe you trade, what leverage you use, etc... You cannot just say this or that return is impossible.
As I already said it is not impossible. It is highly improbable. You have to agree with that?
People can occasionally make a killing. I was short the Ruble in 2014. I made tons on that trade but I openly admit that was luck.
Ok. I give up on this thread. You guys win. Everyone should aim for 19% a month, anything less and you are a failure on ET. Apparently 19% a month is easy and achievable by all people on ET. My system at 24% a year is a complete failure and I should feel shame and I will die penniless and insane.
The difference is leverage and number of trades. I am comfortable with about 20x leverage, some are comfortable with much more. That represents that degree of magnification of gains (or losses) on pre-leveraged capital. There is no way a portfolio of stocks can do that....it's a different game entirely.
You appear to have problems reading my posts. I repeatedly said 19% (or 24%, even i can't recall lol) on $5000 in a year is crap because it is works out to a mere thousand bucks or so. Your response was to quote some guy who made 15% on BILLIONS which of course is very good.
THERE IS A BIG DIFFERENCE BETWEEN $5000 AND $10 BILLION!
Hello?
Funny, i thought you said you made 3%-4% a month, rain or shine. You would clear at least 36% a month simple return a year, not 24% Or do you take a few months holiday?