what should I look at to earn 3K in a month?

Quote from vk60546:

Having only 6K to invest, if I wanted to make 50% or close to it in a month, what should I study?

I'm *not* asking what stocks to buy or what markets to invest in. It's more of a general question on which avenue produces the best chance for highest gains. Of course, I'd also like to know what are the potential losses with given strategy also.

thanks.
More...


Guys please dont laugh at him, he is not guilty.

I guess he attended Oliver Velez ( I rub traders .C0m) webinar or he visited Element rubbery ( by Charles F**ker) and some one told him if he give them 10-11K then he can make $6k a month!

Since he dosnt have all that money so he can not attend their trade for wealth program ( the biggest joke i have ever heard) now he is looking to make half of what he thinks he could make with them with 6K . :p :p :p
 
Quote from nazzdack:

How many "professional" baccarat players do you know of? :confused:
More...

Mastoy “theBeast” Tombay

Alex Sicnitz

E Clifton Davis

DRAGON

Be confused.....be very confused
 
Quote from Cache Landing:

This is completely outside the realms of reality, even in the prop world, with their crazy way of calculating returns. I'm perfectly willing to accept the fact that there are a handful of traders who get 400%+ annual consistently over the course of 3-5 years. Even that is only 15% monthly. And even then they are already using leverage to get that. Simply using 10X leverage won't get you to 50% on a consistent basis. Do the arithmetic and you quickly realize how crazy you sound.

Let's say I join a prop with a measly $10K. At 50% monthly using their leverage I'm at $6.5MM after just one year. The next year I'm at just under $1 Billion and I'm on the Forbes list. I'd love to be proven wrong though. Please provide a single verifiable example of anyone ever getting 50% monthly for even 12 months straight.
More...

OP and I'm not talking 50% monthly compounded over and over again. He's just referring to making 3k per month........certainly achievable
 
Quote from vk60546:

Having only 6K to invest, if I wanted to make 50% or close to it in a month, what should I study?

I'm *not* asking what stocks to buy or what markets to invest in. It's more of a general question on which avenue produces the best chance for highest gains. Of course, I'd also like to know what are the potential losses with given strategy also.

thanks.
More...

I don't think you can make that amount by investing, but 50% a month is achievable with trading leveraged instruments such as index, currency or other futures. However, you would have to do it full time, IMHO. If you decide to go this route, there are more issues you will have to deal with before you start putting your money online. I have a feeling that your issue is going to be finding funds to pay your bills while you learn to trade real time. And it takes quite a long time to learn. Even if you find a mentor (which will cost you a lot of money), I guess you could make that 50%/month in about 6 months of everyday realtime trading, if someone shows you the way. On your own, omg, it will take much longer. Maybe years. Calculate your expenses, needs, and figure out if it is doable in your situation. Also, if you have to make money now because you are the only provider for your family, well, the stress will kill ya. Guaranteed. You have to have some backup money for at least 6 months of your expenses, if you want to shield the people that depend on you from the ups and downs of your business. Moreover, you have to have backup money in the bank in case you will screw up, and you would need to restart your business. Overall, it can be done. My best wishes.
J
 
Quote from daveyc:

Instead, just offer trading education and sell it on the 'net. There is by far more money made selling the dream than the reality.
More...

LMAO, yessss, this is so true!
 
Put simply, he needs to develop/acquire a trading strategy that makes him consistent profits on a weekly/monthly basis. He has a long road ahead of him bcuz of his lack of experience....
 
Quote from Zr1Trader:

Baccarat , 1.06% edge against you, find a good betting system. You'll get kicked out of the casino and have to find other ones once you start accumulating on a regular basis.
More...

The only accumulating I see is the accumulation of ridiculous posts here on good old et
 
The question from the OP was what vehicles to trade. Any instrument will offer the opportunity of what he/she seeks. He/she just seeks the result that is a low probability occurance.

The desired result will not happen with the inexperience he/she has and the little amount of money to put behind the inexperience.

Lindq's post says it best. Undercapitalization will not allow for a higher probability that the desired result can be achieved, unless a few early lucky trades lead to extremely large and unsustainable gains.

Without the snide "go drive a cab, get a job, sell your ass" remarks, the message behind these unhelpful statements is really that your 6K is better utilized in a different area of your life right now.
 
You must log in or register to reply here.
Back
Top