newbie how to make money off of 5000 grand

Quote from jond83:

flip a coin.. heads you go long...tails you go short ;)
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Tom Basso did that and with postion sizing/money management he ended up making money. MM is the most important thing IMO.
 
Go ahead and do it today. See what you'll make. The bullshit you read in books is YEARS and YEARS old. It does NOT apply to the market today. This is not an engineering class where the theories you learned 20 years ago still hold true today.

Btw, if it's all MM, why don't you use it in a casino? They're open 24 hrs and it'd be a lot more fun!

Fuc**ng tired of these idiots and their MM stupidity!

Quote from c_323_h:

Tom Basso did that and with postion sizing/money management he ended up making money. MM is the most important thing IMO.
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Quote from A.D.:

i have 5000 grand to invest and want to know what is the best way to see some good returns in a relatively short amount of time?
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Define "good", define "relatively short", mention why you want "good" returns in a "relatively short" time and you might get some better answers.
 
Quote from risktaker:

Go ahead and do it today. See what you'll make. The bullshit you read in books is YEARS and YEARS old. It does NOT apply to the market today. This is not an engineering class where the theories you learned 20 years ago still hold true today.

Btw, if it's all MM, why don't you use it in a casino? They're open 24 hrs and it'd be a lot more fun!

Fuc**ng tired of these idiots and their MM stupidity!
More...

I backtested a coin flip system starting from July 2000 through July 2005. Three different position sizing models were very profitable.

It's not money management, it's position sizing. No one is saying it's all about position sizing, but it's probably 70% position sizing.

The problem with your casino analogy is that most casino games have a negative expectancy, and they're not as interesting as trading.

My advice to the thread starter is to try and determine what type of trading you wish to involve yourself in and then see if you have enough trading capital to accommodate your chosen style.
 
i think u should joing a prop firm who take $5000 and give you $50000 margin and then day trade make $300 every day study the market speak to experience trader and you might make it
 
Quote from ksonsinc:

i think u should joing a prop firm who take $5000 and give you $50000 margin and then day trade make $300 every day study the market speak to experience trader and you might make it
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If it was that easy, everyone would do it.
 
Why is everyone in such a hurry to make big gains in the market w/o any experience?

Quote from A.D.:

i have 5000 grand to invest and want to know what is the best way to see some good returns in a relatively short amount of time?
More...
 
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