trading 4 a newbie

I was just reading through some of the journals and blogs people have written, and is it really possible to make 2,000%+++ on trading in one year. Turning $30 into $1m seem abit extreme?? If so some tell tell me what they are trading
Kam.

kam_007 said:

I was just reading through some of the journals and blogs people have written, and is it really possible to make 2,000%+++ on trading in one year. Turning $30 into $1m seem abit extreme?? If so some tell tell me what they are trading
Kam.

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Anything is possible in the market.

That is not a realistic goal to aim for though.

Also, remember that percentage returns can easily be inflated. It all depends on how much money you start with.

I have made well over 2,000% in just 5 months but I started with an incredibly small amount of money.

kam_007 said:

I was just reading through some of the journals and blogs people have written, and is it really possible to make 2,000%+++ on trading in one year. Turning $30 into $1m seem abit extreme?? If so some tell tell me what they are trading
Kam.

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Well anything is possible...

For example;

Garry 'Stretch' Turner, beat his own Guinness World Record; with 159 clothes pegs clipped to his face.

rols said:

Well anything is possible...

For example;

Garry 'Stretch' Turner, beat his own Guinness World Record; with 159 clothes pegs clipped to his face.

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lmao

Why didn't he use his bottom lip and eyelids? Maybe he was saving that for next year's world record, to guarantee a win.

Anyway, if you are new to the world of trading, Kam, I would recommend reading up on money management and discipline. Most vaguely profitable strategies will make you money, but without good money management and discipline the most profitable, killer strategy will bankrupt you.

so for a small account it is possible to produce these returns and for a big account it isn't?!
Kam

kam_007 said:

so for a small account it is possible to produce these returns and for a big account it isn't?!
Kam

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I would say that's more or less true.
All depends how "big" big really is

hmm so what would represent 'BIG' £1m -- £10m???
sorry is it sounds elementary
Kam

kam_007 said:

hmm so what would represent 'BIG' £1m -- £10m???
sorry is it sounds elementary
Kam

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It's all possible but IMPROBABLE. Kam, dont waste your time looking for such a trading system - they don't exist - in order to make that kind of money you've got to be taking big risks which means you're relying on luck rather than skill.

oo i see now, so what would be a suitable return for a v.good trader? (big-ish size account)
KAM, i have a feeling the answer is going to be a great range of numbers.

kam_007 said:

so for a small account it is possible to produce these returns and for a big account it isn't?!
Kam

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It's largely a question of risk. Most of us can be pretty tolerant of taking large risks when dealing with relatively small amounts of money (relative being a personal thing). As a result, really substantial gains are quite possible with a little bit of luck. It's when the money starts getting big enough to mean something that we tend to get a wee bit more cautious. You might be totally fine with the idea of losing your whole $1000 stake, or even $10,000. What about $100,000 or a $1 million? Different story all together, eh?

20-30% per month is possible on a consistent basis, if you are really good that is...

Risk and BIG Reward = DANGER

kam_007 said:

I was just reading through some of the journals and blogs people have written, and is it really possible to make 2,000%+++ on trading in one year. Turning $30 into $1m seem abit extreme?? If so some tell tell me what they are trading
Kam.

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Hoggums said:

It's all possible but IMPROBABLE. Kam, dont waste your time looking for such a trading system - they don't exist - in order to make that kind of money you've got to be taking big risks which means you're relying on luck rather than skill.

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Hi Kam007

Below off the top of head and nothing up there as previously stated, not in any way a recommended split of anyones resources.

Total Investment Bank £100000

5% to invest of above in very high risk investment strategy = £5000

High risk investment bank divided by 100 = 1% per trade, you may be completely comfortable losing the above bank so lets make it 5% per trade, that increases significantly the risk of losing entire high risk bank even if you have a good well proven method you have tested to death :!:

5% = £250 per trade = £10 per pt = 25 pt stop loss

Pretty tight even on the ftse 100 intra day

You can of course reduce trade size to accomadate a larger stop.

IF YOU WANT TO MAKE A SMALL FORTUNE ON THE STOCK MARKET YOU NEED TO START OF WITH A BIG FORTUNE IN THE FIRST PLACE

20-30% possible, check YOUR results and see, your asking so you don"t No. If less than ZERO use a demo account. When you have good profitable results for 3 months and you decide to go live expect 1/2 the return of Demo test to allow for emotions creeping in and effecting you decisions etc and move on to the next level of learning and stop looking to make a fortune in 5 weeks as pointed out by Hoggums above ~

"Don"t waste your time"

Time by the way is your most valuble resource

You can"t as pointed out earlier seperate risk and reward, they are twins, if you are experiencing or are promised high rewards the RISK is present.

Even if your ability at the moment does not allow you to detect or see where it is concealed.

Get real rich and LEARN

and have FUN

O yes, :idea: 007 can"t really dodge all those bullits or take on 10 baddies at one go Kam, he would get the S...t kicked out of him every time Honest

Andy AKA

hi all thanks for your replys. Develbis 007 more fantasy than reality, im more interested in the women than the guns . Im begining to get to grips with 'the trading world', And im sure i get that this isn't a get rich quick, Pyramid, scheme, or gambling. I'm still a kid, by that i mean teachers and gcse, not bills and a mortage, so i was more caught up in the Gordon Grekko way, and the city lights. Can anyone recommend me books to read, like right from the begining? Also maybe a mentor?? Im not looking for a handout, but just someone to explain basics, not only JUST trading, but all things trading.

p.s im already going through this great forum.
Thank you for your replies.
KAM- 007!!

I am not sure how you can legally trade if you're under 16? That aside, if you only read one book, read Trading In The Zone by Mark Douglas. Doesn't mention a single strategy. It's all about psychology. As stated before, you can have the best strategy in the world but with poor discipline, you will lose all your money. Also, wade through T2W's traderpedia. Lots and lots of useful information. Many of the terms mentioned by this site's users are covered in that section.