Taking 5,000 to 100,000
- Thread starter MWycliff
- Start date
I know back in the 90s I had heard of a few people that took a $10k account to $1 million in 1 year in futures...of course margins were alot smaller back then.
Larry Williams ran 10k up to 1 million in a year, and wrote about it in his book How I made 1 Million Dollars Last Year Trading Commodities.
I don't know of anyone who has done this. However I do know someone who has taken a 10K account to 0 numerous times. Me.
By posting trades, I hope to be beaten into a pulp by board members should I begin to engage in any irrational stupidity. I plan to take only setups that have good reward to risk ratios. I'll post the plan once figured out.
FOREX gives you 50:1 leverage so if you can manage your risk well enough it's do-able.
There is a guy i recently had pointed out to me on a site called Aussie Stock Forums named Trembling Hand and he scalped with about 1K and ran it up to 50k in 6 or 7 weeks.
There is a guy i recently had pointed out to me on a site called Aussie Stock Forums named Trembling Hand and he scalped with about 1K and ran it up to 50k in 6 or 7 weeks.
will be interesting to see this
Not hard. Find a big group of friends (perhaps from an online forum) and head to Vegas, each with $5k. Each person bets a number on the roulette table... one of you will hit the 35 to 1, and walk away with $175k.
That person can then proceed to write a blog and multiple books about the secrets behind his ultra successful gambling strategy.
That person can then proceed to write a blog and multiple books about the secrets behind his ultra successful gambling strategy.