newbie how to make money off of 5000 grand

Quote from candletrader:

OK, lets suppose the guy doesn't make any losses, and indeed makes a positive return in his first year... unless he is some kind of outlier, the return he can generate on $5k would barely be enough to buy a nice suit...
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Maybe that's all s/he wants.
The post may have been in the wrong place but I don't see any mention that this person wants to trade, or wants the "good returns" on any consistent basis.

The original post was:

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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Quote from candletrader:

OK, lets suppose the guy doesn't make any losses, and indeed makes a positive return in his first year... unless he is some kind of outlier, the return he can generate on $5k would barely be enough to buy a nice suit...
More...

Well, with a good system for ES you stand a chance to make a 100% profit on $5,000 if not more. With a good system...
 
Quote from keyser1:

Due to the law of averages, if I fail, that means you have a better shot at it.

Goodluck,
Keyser
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Yeah, and by bringing a bomb with you on a plane you reduce the chances of the plane being blown out by a terrorist because the probability of planting two bombs on the same plane is lower than of planting just one...:D
 
Quote from keyser1:

A.D.,

check out this thread --
http://www.elitetrader.com/vb/showthread.php?s=&threadid=52424

I tried to turn 5k into 260k. So far i'm pretty close to failing, but this is good for you...

Due to the law of averages, if I fail, that means you have a better shot at it.

My advice is to take some really volatile stocks during volatile periods of time (like earnings season) and go all in.

Goodluck,
Keyser
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you are a prime candidate for a course in statistics 101:)

don't feel bad because many mathematicians got the monte hall problem wrong.
 
Quote from keyser1:

A.D.,

check out this thread --
http://www.elitetrader.com/vb/showthread.php?s=&threadid=52424

I tried to turn 5k into 260k. So far i'm pretty close to failing, but this is good for you...

Due to the law of averages, if I fail, that means you have a better shot at it.

My advice is to take some really volatile stocks during volatile periods of time (like earnings season) and go all in.

Goodluck,
Keyser
More...

ROFLMAO :D

A great trading day on ES and now the Week's Funniest Post!
 
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