How long will it take to turn a $5,000 account into $100,000?
- Thread starter guy2
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I do not believe that "paper" trading accurately reflects what would have happened had the trades actually been made. The market reflects the actions of its participants, and market makers and specialists routinely run and tank the market to try to squeeze out the small accounts.
Anyway, to each there own, but I wouldn't settle for anything less than copies of tax returns obtained directly from the IRS.
Poor us who do not pay capital gains taxes in our countries...
Hey oktiri,
Going by what you write here, you must be watching that CNBC fellow a lot. I always wondered about your posts, I got the message.
A web site called Collective2 (www.collective2.com - i think) was recently brought to my attention which gets around the cheating problem of posting trades in real time. You post your limit/market order to the site and they have real time prices which monitor your trade and record it. This site is designed for system vendors to create an independently verifiable track record which they can't manipulate. The concept seems like a good idea to me.
It can be done very quickly (2 years) if you have crazy position sizing and get lucky...
If you are a consistent trader with a cleverly thought out money management strategy, and if you reinvest proceeds, then we are talking more in the order of 5 years... but the bigger you get the more difficult things become to grow quickly...
If you are a consistent trader with a cleverly thought out money management strategy, and if you reinvest proceeds, then we are talking more in the order of 5 years... but the bigger you get the more difficult things become to grow quickly...
If you had net gains of 2.5% per month compounded monthly 10k = $13,448.88 after the first year.
End of Year 2 = $18,087.25
End of Year 3 = $24,325.35
End of Year 4 = $32,714.89
End of Year 5 = $43,997.89
End of Year 2 = $18,087.25
End of Year 3 = $24,325.35
End of Year 4 = $32,714.89
End of Year 5 = $43,997.89