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Taking 410K to 4million by Year End 2010
- Thread starter neke
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Quote from southall:
Great journal Neke, you have inspired me to do a similar thread on et, i have 285K in my account, will try to get to 1million by the end of the year... will create my journal shortly..
285 in cash, times 20-25:1, you're at 5-6M in leverage. you could trade one stock, like SQNM or PALM or...any number, and make 25% to hit your million in a single day.
i'm not seeing how it's that complicated. someone clarify it if it is...or else.
Quote from TRYKtrading:
285 in cash, times 20-25:1, you're at 5-6M in leverage. you could trade one stock, like SQNM or PALM or...any number, and make 25% to hit your million in a single day.
i'm not seeing how it's that complicated. someone clarify it if it is...
yea totally not complicated to quadruple your stack in a day
Quote from PaulRon:
yea totally not complicated to quadruple your stack in a day
any fund manager who can't make $250K on $5M in capital in a day, or a week, or a month, should reevaluate their jobs.
i'm not saying i could, that would be arrogant, but there are a thousand examples of buy and hold overnight, or open to close, where that was possible today and yesterday, on relatively minor market moves.
Quote from TRYKtrading:
it's not. if i can make $6000 on a $10K account today with $200K leveraged, then...
sorry. it's as possible as losing it to zero, which is more likely than hitting a million.
What is nonsense is to think you can do that day after day without blowing up. In hindsight each of us can find a trade every day that had we made it the day before we would have doubled our money. Doing that consistently in foresight ain't gonna happen.
Quote from rew:
What is nonsense is to think you can do that day after day without blowing up. In hindsight each of us can find a trade every day that had we made it the day before we would have doubled our money. Doing that consistently in foresight ain't gonna happen.
i never said day after day. i am a strategic trader. i'd walk away after a good day, reallocate. but on apple alone this week, yeah, it's possible.
anything is possible.
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