child, please. no one ever passed thru et who can do a better job of that than you can yourself
The Emini Mastro taking a $1,500 side account to $1M in 14 months
- Thread starter Emini Maestro
- Start date
child, please. no one ever passed thru et who can do a better job of that than you can yourself
risk management?
i am not sure what you mean, but i can tell you there is no way a money management strategy is able to turn 5K into 1M in viable time frame without being back by a <b> solid and persistent edge</b>. when it comes to trading eminis which are the most efficient vehicles out there, finding such an edge that persists a long period of time is quite difficult to say the least.
Quote from TraderZones:
Lawrence,
do you enjoy advertising that you have absolutely no clue about trading?
$5K to $1 million is not difficult? What planet are you from?
That was lame, even for a sponsor. OUCH!!!
For old days (1990s), 5K is next to impossible to do that.
Then with the help of $500 margin, and if the OP has a decent trading method. It is not that unlikely.
I think before I reply. I do not just type to waste my time.
My thought process,
1. With $500 margin he has $4500 to blow.
2. A 90+% winner model, and a 2 to 3 pts stop, with potential target at or above 5 pts.
3. Frequency of trades will determine the time it takes to do it
4. Expectancy of each trade is (0.90 x 5 - 0.1 x 3) x 50 = $210
5. # of 1 lot trades it takes to get to $1 mil = 995000 / 210 = 4740
6. Should # of contracts to trade increases by 1 every 10K increase in equity, it is likely the goal is possible within a year.
KEY QUESTION in my mind at the time - Does he has #2?
See my thought process in last post.
It illustrated why I said 5K to a mil is possible.
Then you would also understand why I said 1K to 1 mil is hard (next to impossible) because there is almost no room for losses.
JSS,
Thanks man!
That illustrated the point exactly.
Thanks man!
That illustrated the point exactly.