How to turn $1000 into $1,000,000 with options in less than 6 years

[crayon851]

There is literally a million ways a person could insult that comment, but let me try to be more mature about it and say.... because it doesn't work that way. I strongly suggest before you start trading, you figure out why it doesn't work that way.




you know... um... Man, what to say to that? High road, high road, no insults, take the high road...

Ok my polite answer is, the word annualized in the investment world means that's how much you've made on an annual basis over a certain time period. One month, one year, 50 years, it's a common practise to annualize those results so they can be scrutinized in a more uniform way.

So yeah, 68% annualized over 4 years is a geometric compounding. It's about a 700% return over the 4 year period, 10,000$ becomes 80,000$, or simply put, 68% annualized.

tell me your secrets! thanks.

 

[blakpacman]

You can very easily turn $1,000,000 into $1,000 in 6 minutes of options trading, but it's almost impossible to do the reverse in 6 years. I recall in Stock Markets Wizards by Jack Schwager there was a chapter where John Bender took $80,000 to around $6 million in about 6 years.

He died in Costa Rica in 2010. RIP.
http://jackschwager.com/the-death-of-john-bender-and-a-miscarriage-of-justice/
http://www.cbsnews.com/news/the-death-of-john-bender-suicide-accident-or-murder/

 

[istoptime]

Guys in the book 'the big short' or something like that made a billion with much less, and a small hedge fund turned 100k into 100 million or something. the latter did use options.

there are 1,000 companies that if you buy enough calls you will get rich if you hold on. how hard is it to do that? and then just buy puts at the top and make even more cash.

or hopefully you saw the super obvious short in oil and made a quick 300,000 with aggressive selling.

so many ways to get rich.....when i was poor i never had time to post....i was too busy printing cash, way more fun

 

[Visaria]

Both. 68% annualized over 4 years and 7.5 inches

impressive for someone who cant read

 

[ExperiencedJoe]

impressive for someone who cant read

But someone who can read would be too easily tricked by the news stories the bank/market maker put out. This is one of the main ways why people lose.

 

[crayon851]

lets stop arguing and help me learn how to turn 15k into 150

 

[ExperiencedJoe]

lets stop arguing and help me learn how to turn 15k into 150

Get a job. Work hard at it for 5 to 10 years. Control your spending, and don't gamble. In the end, you should have 150 after tax saved up.

Be sure you don't go start a thread titled "How to work my way up from burger flipper to CEO in 6 years".

 

[crayon851]

i like how you take jabs at me not knowing anything about me. must have some real life issues there buddy.

 

[blakpacman]

Get a job. Work hard at it for 5 to 10 years. Control your spending, and don't gamble. In the end, you should have 150 after tax saved up.

Be sure you don't go start a thread titled "How to work my way up from burger flipper to CEO in 6 years".

Work hard, save for 10 years to accumulate 150k.
Open up an options account. Lose all savings in 1 month.
Thank you sir may I have another.

 

[crayon851]

im done with this forum. seems like its full of know it alls who are just here to bash people.