Need 900% in 3 years- what would you do?

[Xela]

Please let me know who they are so I can contact them.

To be cheeky, you can perhaps contact some of them on almost any major institutional trading floor.

To be more serious for a moment (which does occasionally happen), there are certainly some traders in some institutions who are more or less expected, other things being equal, roughly to double their account-size over a 12-month period, and that does equate to an average of about 6.5% monthly, compounded monthly, so it's kind of a "known figure".

What I think the OP may not quite be taking into account is that those few who can achieve this steadily are among the world's top professional traders, are paid millions, have had really extensive formal education, and many thousands of hours of targeted, supervised screen-time practice, and have a risk manager breathing down their necks, and so on and so forth. Which is why I was asking him about his own skill-set and experience-level (admittedly with the strong suspicion that - albeit doubtless through no fault of his own - it may not quite be one commensurate with that kind of ball-game). I'm "just saying" ...

 

[learner2007]

Sorry to be so blunt, but,

I am down close to 90% from my peak account

That shows that you have not developed the expertise need to make money in the market.
This you must admit from the start. Looking for an option to trade that will get you out of Hell is not the answer.

So let's assume you're willing to lose everything

You will at this rate. Give what's left to charity. You'll feel better.

needing to make 900% in 36 months

Stop trading and spend 24 of those 36 months studying and learning what you need to know in order to make it in the market.

I also know there are people making those kind of returns.

Do you think that they just jumped into the market without first developing the skills required to succeed, and hoped to make 900% in 36 months?

You can't go into the ring against the heavyweight champion of the world with nothing more than just wanting to win the title.

 

[lawrence-lugar]

I am down close to 90% from my peak account value several years ago

I could have lost over 100% as several friends/acquaintances did (a couple had to file bankruptcy).

So what would you do?

You're a bad and defective trader to begin with, no offense.

Once your acct lost half of its value...you should have pulled out, and did some serious studying and self-reflecting.
(instead of continuing to do your dumbass gambling.)
Gambling is an inferior psychological condition...that need or drug feeling...to experience that intense risk and reward.
Gambling is far from being a normal, logical, rational human being. or trader.

You need new friends...Stop hanging around people who all go bankrupt trading.-- Bad influences, or bad karma or luck.

Desperate times, call for desperate measures...bet/trade directionally on basic call and put options.
It's risky business, but also potentially rewarding as well,

You can somewhat...relatively easily...make up that 7% you need in a month....in a Week. even day,

Learn who are the real, and good, traders out there...from people who are just educationally theory mumbo jumbo, but would crap their pants in the real world trader's cockpit seat,
This is Key...you need to separate the wheat from the chaff.
You won't go into battle with some video game expert...you would do it with a real soldier.

Funny coincidence,
I was watching a video about Rogue Trader Nick Leeson...when I stumbled upon this thread.

Alot of gamblers/traders...could learn alot about Nick's story.

Alot of people are inherently defective from the get-go.
I'm not saying this to look down on them, but to improve their mentality and viewpoints and situation collectively as a whole in trading,

If you can't predict the future and/or manage it...you shouldn't be trading/gambling,
You are just dieing a slow inevitable death, if not a quick one,

Trading is kind of like being a mountain climber or pilot, in a really foggy mountain or environment,
It requires vision, and calmness, and foresight, and experience and skill,

 

[zdreg]

Unfortunately the markets doesn't operate as a money printing machine

it does in Venezuela with hyperinflation.

 

[CaptainObvious]

Lost 90% of what? 10K? A 100K? More? You're willing to take a hundred percent loss, and why the 36 month deadline? The likelihood of your scenario is about zero in the market, but I'll tell you where you'll have a better chance. Take what you have left over to a casino. Belly up to the craps table. Bet the pass line and keep letting it ride until you have the amount desired. You're money will double with every win. One loss will wipe you out, but the good news is you won't waste 36 months. Table limits may come into play. While this is definitely a longshot, the odds are much better than making 900% over three years in the market. And, you'll get free drinks, or a least one free drink while you're gambling. Good luck.

 

[vanzandt]

Don't listen to the nay-sayers... go with the bitcoin idea...its your only hope.

 

[wekilishorts147]

Being able to identify clearly and avoid the crazy stuff, in the long run, is far more important than what you can make in a month, and how to do it.





The entire perspective of long-term, successful traders is one of capital preservation and risk-management, and that's an assumption that none of them will ever make.

To be honest, the conversation here starts off, to some extent, as an "awkward subject" because the entire perspective of what you're asking arises out of "how much you can make" rather than out of "how you manage your risk". (I appreciate the position you're in, and why you're asking, and I don't intend that to sound like a criticism, but it's still a valid observation.)

Wow, 6% is impressive- how do you do that with index futures? Are you using some leverage?



That's about right in theory, allowing for compounding once a month, not allowing for any variability, not allowing for any losing months.

If you could trade something every month for 36 consecutive months with a results-range of from +6.4% to +6.8%, that would therefore approximate the overall result.

Unfortunately, though, in reality it tends not to work that way. An average of +6.6% over 36 months will in actuality include some losing months. In other words, you haven't allowed for variability, and it's easy not to grasp what hugely significant differences that can make to long-term outcomes (partly because reality predicates that it also affects compounding frequency as well).

It also depends what you trade, and in what size, and with what initial capital, because it isn't necessarily even possible to compound everything "once a month".





You stick to what you already know how to do safely and profitably. (For me, for example, that would be trading mostly index futures and sometimes oil futures, at which I already know I steadily average more than 6.6% per month, but that may not be so, for you?) Apart from having the available time, and so on, you need to start from having an existing skill-set, and a very high degree of confidence that you're doing something with a genuine, proven positive expectancy - otherwise there's probably no profit at all. Then you need to make decisions about your risk-management.

So the answer to what you're asking depends on your existing skills, etc. Without knowing all about this, how can anyone advise you further? I'm sorry that sounds unhelpful, but it is what it is.

Again, sorry if I sound pedantic or critical - not my intention at all, but I'm struggling to offer advice that can actually help, without knowing much more than you've said, above. Sorry!

 

[wekilishorts147]

Best of luck to you. How much is 90% down? It matters.

About 1 million to about 100K.

 

[Handle123]

Lost 90% of what? 10K? A 100K? More? You're willing to take a hundred percent loss, and why the 36 month deadline? The likelihood of you're scenario is about zero in the market, but I'll tell you where you'll have a better chance. Take what you have left over to a casino. Belly up to the craps table. Bet the pass line and keep letting it ride until you have the amount desired. You're money will double with every win. One loss will wipe you out, but the good news is you won't waste 36 months. Table limits may come into play. While this is definitely a longshot, the odds are much better than making 900% over three years in the market. And, you'll get free drinks, or a least one free drink while you're gambling. Good luck.

Am guessing when loan is due?

Only one free drink? Call pit boss over and show him how much you betting and want show tickets, room, dinner.....

 

[vanzandt]

https://cointelegraph.com/news/bitcoin-price-will-hit-250000-by-2020-if-seven-year-trend-continues