How do I turn a $1000 trade to $100,000 within a year instead of 10 years?

This is a very good exercise to do, before you start trading size. Basically you make 10% or more net per day trading ATM spy puts and calls. I takes 13-14 weeks to complete. You can take the rest of the year to think if you are going to go for $1 million from $10,000, or not.
 
to achieve the goal, you'd need to double your money every year for the next 11 years.
buying index is not going to work (it might work for the first 7 years). I assume your market call is very good; or else you might have to wait it out :)
1 - 1000
2 - 2000
3 - 4000
4 - 8000
5 - 16000
6 - 32000
7 - 64000
8 - 128000
9 - 256000
10 - 512000
11 - $1,024,000
 
If you want to make very large gains, you must be prepared for very large losses as these two go together. Then odds are high that you will lose everything before reaching target due to exposure. Luck factor increases with target. If you want to grow $1000 to $1500, required luck is say 10% and work is valued at 90%. If want to go to $100,000 is same period, required luck is 99% and work contribution is 1%.
 
Doable with a trading method that gives 60% wins and have a profit/loss ratio of 3-to-1. It's only the volume of trades per month and percent risk per trade that limits how high you can go.
 
bashatrader said:
If you want to make very large gains, you must be prepared for very large losses as these two go together.
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Complete nonsense. There is no 1:1 correlation between the two. You can only make big gains if you DON'T make big losses. Cut the losses and let the profits run. That's the secret. Because if you make big losses they will eat all profits and you will never end with big profits.

bashatrader said:
Then odds are high that you will lose everything before reaching target due to exposure. Luck factor increases with target. If you want to grow $1000 to $1500, required luck is say 10% and work is valued at 90%. If want to go to $100,000 is same period, required luck is 99% and work contribution is 1%.
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Nonsense. If you make consistently good profits it means you have a systematic (or mathematical) approach that avoids losing everything. You also forgot money management. First thing you should do is protect profits and capital.

Can you explain me with the needed mathematical proof that the 99% you mention is real? All you do is make oneliners without any proof at all. Show me mathematically how you get to this 99%. You will not be able because of the reasons mentioned below.

Each trading system is different and has different stats about trading, so you can never make a general statement like you do that covers all. Only when you have the needed stats about ONE system, you can calculate the probablities, but just for that one system. Not for all the others.

I understand know your alias, especially the first 5 letters: you are a basher, unable to make money in trading. Your statements are the ultimate proof that you have no clue about trading.

Is it doable? Let's assume:
  • trading ES intraday
  • starting capital $3,000
  • max number of contracts :100 (we would be compounding)
  • commission $5 RT
  • margin $1,000 per contract
Depending on the net profit in points you can make on average every day this might be the outcome:

baron2.jpg


1 point net a day would result in $894.000 ending capital, assuming your system can make this 1 point NET every day as result of all the trades you did within that 1 day.
The starting capital, number of contracts, margins and the commission are sure values, the only uncertainty is the number of points profit every day.

So the only question remaining is: how many points net a day can YOU make?
 
Mtrader said:
If you make consistently good profits it means you have a systematic (or mathematical) approach that avoids losing everything. You also forgot money management. First thing you should do is protect profits and capital.
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Very true :)
 
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