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

istoptime · Dec 5, 2014

We are 9 pages into this thread.....what is the 1,000 up to? 10,000? 100,000? 0?

i have yet to see a thread, "How I turned 1k into 1 million".

Who here wants to get rich and live the life they have dreamed!!! For 100,000 I can help you reach your life goals. Life is short, and you gotta take a risk to be rich. 90,000 up front, 10k at the end of the mentor ship. Do you want the keys to the kingdom, or go through life being a yes-man and a could-have man? ask your parents for money, this is your future!!!!!!!!!!!!!!!!!!!!!!!!!

newwurldmn · Dec 5, 2014

He killed himself.
Good news (for him) is that he didn't lose his 10,000 trying to make 1%/day capturing the bid/offer.

istoptime · Dec 5, 2014

WTF.....Did he give his money to someone before he jumped off a building? I could have taken his 10k and turned it into 239 million and gave 100k to his family as a great gesture. that's just how i roll.

ExperiencedJoe · Dec 5, 2014

istoptime said:
what is the 1,000 up to? 10,000? 100,000? 0?

It was up to 10k. But the money didn't come from the market. Given how easily the money has gone up, if I were him, I'd get more from the same place where the extra 9k came from. It seems like easy money.

Johno1 · Dec 5, 2014

VIXTrader said:
Thanks for sharing that incredibly cool story, we are all very impressed. I always love the part when people tell their fairytale stories, they always add in that hilarious part: "this is where effective risk management begins" as if that somehow proves a point. Oh I see, so he just added "risk management" THAT'S how he did it? Why the hell didn't we think of that? Just.... add..... risk management..... then buy Bugatti's and mansions.

35-70% per year with virtually no drawdowns. Ha, try again clown. I have "a friend" who makes 200% a year with almost no drawdowns. My friend is way smarter than your friend !

No worries, we are all entitled to our opinions, ultimately we all get exactly what we deserve from mr market, and he decides who the clowns are, not you or me.lol
Cheers John

Johno1 · Dec 5, 2014

ExperiencedJoe said:
I wish I had friends as impressive as all of you. I knew a professional trader business acquaintance. He was a total loser. Everything he traded, he lost. I don't know the precise stats, but I would guess he lost 2%-3% a day and possibly more. He then blamed it on a bad computer, bad software, bad developer, bad broker, etc. But people kept giving him money to trade because he could come up with impressive stories. He may well have told them he knew friends who could make xx% a day, blah, blah, blah.

This "I know someone who can" is very old and I hear it on every forum, and almost on every thread, I go to.

No worries, comments like yours are like water off a ducks back. My reality is my reality and yours is yours.
Cheers John

ExperiencedJoe · Dec 5, 2014

Johno1 said:
No worries, comments like yours are like water off a ducks back. My reality is my reality and yours is yours.
Cheers John

No worries. After years playing on forums, I have seen plenty of ducks. As for traders, I could not count on 1 finger.

Johno1 · Dec 5, 2014

ExperiencedJoe said:
No worries. After years playing on forums, I have seen plenty of ducks. As for traders, I could not count on 1 finger.

It's all good, after reading your first comment I'm not surprised that you can't count past 1. Although in kindness, I would have given you the benefit of the doubt, and said you probably had to take your shoes off to count past ten.lol
Cheers John

ExperiencedJoe · Dec 5, 2014

Johno1 said:
It's all good, after reading your first comment I'm not surprised that you can't count past 1. Although in kindness, I would have given you the benefit of the doubt, and said you probably had to take your shoes off to count past ten.lol
Cheers John

Actually you got me thinking and I think I finally understood trading in its entirety. Something that puzzled me for a very long time is why there are so few stories of professionals making it once they are outside of their environment. The answer is that once they have no more access to the capital of large firms, they are essentially dead in the water like anyone else in retail.

Making money from trading is in fact not difficult. The difficulty is making enough to turn it into employment. Safe trading is not possible without a large amount of capital. So people in retail resort to gambling to force a higher return. This gambling is what will get them all in the end.

If you know someone who makes multiple percent a day/week/month, they are merely gambling. They will be losers. There is a direct relationship between the profit size and the exposure taken. Multiple percent gains in small period of time is not possible without huge exposures. Someone taking this kind of risk is either clueless or an idiot. Their trading would be short lived and will ultimately fail.

Thanks for turning me into a real trader. Compounding of small gains is the only holy grail there is. After years of searching I have finally found what I am looking for. For once, a trading forum has actually produced some value for me. Well done ET.

istoptime · Dec 6, 2014

ExperiencedJoe said:
Actually you got me thinking and I think I finally understood trading in its entirety. Something that puzzled me for a very long time is why there are so few stories of professionals making it once they are outside of their environment. The answer is that once they have no more access to the capital of large firms, they are essentially dead in the water like anyone else in retail.

Making money from trading is in fact not difficult. The difficulty is making enough to turn it into employment. Safe trading is not possible without a large amount of capital. So people in retail resort to gambling to force a higher return. This gambling is what will get them all in the end.

If you know someone who makes multiple percent a day/week/month, they are merely gambling. They will be losers. There is a direct relationship between the profit size and the exposure taken. Multiple percent gains in small period of time is not possible without huge exposures. Someone taking this kind of risk is either clueless or an idiot. Their trading would be short lived and will ultimately fail.

Thanks for turning me into a real trader. Compounding of small gains is the only holy grail there is. After years of searching I have finally found what I am looking for. For once, a trading forum has actually produced some value for me. Well done ET.

i don't agree with the "compounding of small gains" theory. It's been well documented that the commissions, slippage, etc...will destroy your P/L unless you are 80%+ success rate. Trading often is almost impossible to win at the retail level. search youtube on the math. sorry if i turned you back to being a non-trader. I would call your brokerage firm and negotiate commissions first. trade size, etc....you will get better rates. then worry about the dark pools and HFT. scalping is for indians....