no,only bucketshops
I need to double, better triple my $20,000 quickly
- Thread starter gainpower777
- Start date
Did you even read his post? He said triple would be better than double.
Bet the first third/1-12.
One where you can get max leverage. Since you have 0 experience, i suggest placing a single bet, with large leverage, go all in.
If you take more trades, the chances of you doubling or tripling decrease very fast.
so place a single bet with all your money. 50-50 chances.
you can dip buy e mini SnP 500, looks like a good bet nowadays, oil dip buy works well generally, i would suggest to stay the hell out of gold. coffee was in a super bull run, but i have no idea about its fundamentals so do some research. Nikkei and russell look good on the charts to me.
None of them are trades which i would personally take, but then im not in hurry.
Seems like you need the money real quick, dont care if you lose?
Yea, that might work as well i suppose.
Really funny thread. 
Actually very positive thread in a certain way : full of optimism.
Now, if you have never traded before, you have additional choices:
- do it yourself : after learning to trade OR before learning to trade
Now as you are in a hurry, it is before learning to trade
- give it to someone else to do it for you : now this is a tough one.
Those who MIGHT be able to do that will not be interested - due
to compounding.
- go another way : casino, lottery ( 500 million jackpots).
Actually very positive thread in a certain way : full of optimism.
Now, if you have never traded before, you have additional choices:
- do it yourself : after learning to trade OR before learning to trade
Now as you are in a hurry, it is before learning to trade
- give it to someone else to do it for you : now this is a tough one.
Those who MIGHT be able to do that will not be interested - due
to compounding.
- go another way : casino, lottery ( 500 million jackpots).
I do care , that's a lot of money for me, and I don't agree going all in,averaging down might work with SnP 500 , Nikkei , oil and maybe cocoa,I watched on the news today that cocoa has 10%,upside due to Asia consumption on the rise, but hopefully by the time I will be ready to trade in 3 weeks there's some correction , the current levels seems elevated
Sad to say, if it was just about reading the news, i would be an uber millionaire by now.
The thing you read in the news should already be factored in.
If you have 0 trading experience, then going all in is your only shot of tripling it(cause the odds are 50-50, if not more or less)
The more trades you will put on the lesser your odds of making it will be.
Also, averaging up is generally a better idea than averaging down.
Just curious though - do you need the money for something critical or are you plain greedy.
Greedy I guess, there's no way I can bet everything in one trade,wrong just once and all money gone, how about risking 2% and build up some profits and then bet big whith those profits, agree with averaging up, disagree with the more trades the lesser odds
Okay, then suffer from a thousand paper cuts:eek: Yes, speaking from many years experience. Recall the wise Morpheus, "What if I told you..." except change words from "very quickly" to "very slowly, but even more surely."