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

[Overnight]

Well, I think that everything is possible, but it´s not easy. For exemplo, there is a stock in Brazil that reached 3624% from jan, 2016 to sep 2017 and it´s not a virtual company, the contrary, it´s a big retail company, with more than 100 stores in the country. Who bought and hold until now (i recognize that it was most difficult made this...), with US $ 5.000, nowadays has US $ 186.000. Chart is above to prove it. So, I wish you good luck.

Hindsight is such a wonderful friend, ain't it? AAPL and MSFT 20 years ago is same thing. Google 10 years ago is same thing.

If you got in on them, great! If not, we can suffer our own desires and lapping the aftertaste of opportunities lost.

 

[algofy]

Hindsight is such a wonderful friend, ain't it? AAPL and MSFT 20 years ago is same thing. Google 10 years ago is same thing.

If you got in on them, great! If not, we can suffer our own desires and lapping the aftertaste of opportunities lost.

how about bitcoin 5 years ago?

 

[Aquarians]

I dunno about this "10 years to live", might be bullshit, might be true (or at least what he truly believes). But the "giving to charity" stuff is 100% bullshit. At best way it's something on the same intelligence line as losing 900k out of 1M.

There are 100x opportunities out there, they're called "startups". Get a 10% in one of them for $100k and when it grows to 100x in 3 years you'll get your 10x.

 

[evergreen2011]

hello my friend
100k....?? 900% within 3 years??
this mean $1,800,000 within 3 years.
come here to my topic...i have a solution for you..

https://www.elitetrader.com/et/threads/evergreen-to-1mil.310822/

 

[777]

Sure - and that's why we've all heard of him: because he's the one in a million exception and has acquired the prominence that inevitably accompanies that. That doesn't make him a good person for the neophyte to try to imitate: if anything, it makes him the opposite.

Yes.. probably survivorship bias.

It is likely this fellow has been a luck-box rather than a highly skilled winning trader.

Niederhoffer looked like a genius for years until he blew up two hedgefunds.

....

I knew a guy who ran 5,000 into 30 million shorting high-flying Nasdaq stocks many years ago. Had he quit there and sought publicity he might be looked at by many as a trading legend.

Unfortunately, he kept up with his wild risk-it-all methods and now is deep in debt

...

There was a dice player named Archie who ran nothing into 25 million at the Horseshoe casino in Las Vegas. He played with a disadvantage with the luck of many lifetimes. Shortly thereafter he was sleeping in his car.


Archie was latter arrested for marking cards at blackjack, sent to prison and banned from all Nevada casinos. Had he quit at the top, gone on talk shows.. wow... many people would have considered him a smart guy and tried to follow in his foot steps.

 

[ironchef]

Had he quit at the top

Many start up founders did that during the dotcom bubble when their companies were acquired for stock/cash.

 

[777]

Many start up founders did that during the dotcom bubble when their companies were acquired for stock/cash.

Absolutely.

However, what I was getting at is that when you have enough traders and gamblers acting in losing but high varience ways, a few will get lucky.

If those lucky few keep it up, most of them go broke.

While the luck-boxes are winning or if they stop what they are doing and cash out, some people will think they were genius people who should be emulated.

___

If enough people go to Vegas and bet 100 dollars on the pass line at the dice table with the plan of letting the bet plus winnings ride until they have 1,000,000, eventually someone will do this.

(assuming their casino let's them make 500,000 dollar bets)

 

[ironchef]

Absolutely.

However, what I was getting at is that when you have enough traders and gamblers acting in losing but high varience ways, a few will get lucky.

If those lucky few keep it up, most of them go broke.

While the luck-boxes are winning or if they stop what they are doing and cash out, some people will think they were genius people who should be emulated.

___

If enough people go to Vegas and bet 100 dollars on the pass line at the dice table with the plan of letting the bet plus winnings ride until they have 1,000,000, eventually someone will do this.

(assuming their casino let's them make 500,000 dollar bets)

Agree. Too many of us traders are actually gamblers.

 

[Dolemite]

If enough people go to Vegas and bet 100 dollars on the pass line at the dice table with the plan of letting the bet plus winnings ride until they have 1,000,000, eventually someone will do this.

 

[algofy]

Yes.. probably survivorship bias.

It is likely this fellow has been a luck-box rather than a highly skilled winning trader.

Niederhoffer looked like a genius for years until he blew up two hedgefunds.

....

I knew a guy who ran 5,000 into 30 million shorting high-flying Nasdaq stocks many years ago. Had he quit there and sought publicity he might be looked at by many as a trading legend.

Unfortunately, he kept up with his wild risk-it-all methods and now is deep in debt

...

There was a dice player named Archie who ran nothing into 25 million at the Horseshoe casino in Las Vegas. He played with a disadvantage with the luck of many lifetimes. Shortly thereafter he was sleeping in his car.


Archie was latter arrested for marking cards at blackjack, sent to prison and banned from all Nevada casinos. Had he quit at the top, gone on talk shows.. wow... many people would have considered him a smart guy and tried to follow in his foot steps.

it was more than 25 mil right?