100k to 200m in 10 years

This is a discussion on 100k to 200m in 10 years within the General Trading Chat forums, part of the Reception category; Best performers out there make 20% per year. Then you have a claim from somebody (I can't mention the name, ...

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Old Dec 24, 2010, 12:44pm   #1
 
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Question 100k to 200m in 10 years

Best performers out there make 20% per year.

Then you have a claim from somebody (I can't mention the name, otherwise the thread would be deleted in no time) that they can teach people how to turn 100,000 into 200,000,000 within 10 years.

That is 113.84% per year (more than 5 times better than what is considered as an excellent return) - or 6.53% per month (consistently).

Do you think this is possible?

Why shouldn't they keep the secret to themselves and make all that money?

Why do they delete the threads about it if this is a genuine attempt?


PS Please do not mention the names. The thread where there were names was here yesterday, but it's gone today - so it would be a waste of time.

Last edited by bedsit; Dec 24, 2010 at 1:00pm.
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Old Dec 24, 2010, 1:15pm   #2
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Re: 100k to 200m in 10 years

Theoretically possible, but I'll never do it.

Anyway, I have to recognise that if I traded up at 20% gain per year, I woud eventually get to a place where I could take it easy, do almost no trading and still earn 5% per year. With a large enough account or investment, 5% would be enough to live on.
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Old Dec 24, 2010, 1:20pm   #3
 
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Re: 100k to 200m in 10 years

Possible? ...... sure. Likely? ...... dream on! (I also used to believe in Santa when I started trading )
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Old Dec 24, 2010, 1:25pm   #4
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Re: 100k to 200m in 10 years

I can easily imagine someone earning that return on 100k with leverage but once the account gets to like 50-100m how the hell do you consistently make 6% a month then? That's crazy talk surely...
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Old Dec 24, 2010, 1:34pm   #5
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Re: 100k to 200m in 10 years

Actually you can make way higher returns than 20% p.a.

Problem is it is not compoundable due to eventual lack of liquidity reasons, which is why returns diminish along with growing capital so that eg Tudor Jones etc will indeed probaby average out at your stated ca 20% annualized.

Twi was at a prop firm, and is at a hedge fund trading size now, this is his take:

Many people think if you make 20-30% a year that you are doing brilliantly well. Many here will make 50-100% per month. It is not a methodology you could apply to large amounts of capital such as fund trading but for individuals accounts it cannot be bettered.
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Old Dec 24, 2010, 1:39pm   #6
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Re: 100k to 200m in 10 years

PS I was away a bit so no idea what this teaching business being hinted at is all about haha, but if someone is talking about teaching you how to make such returns a big major scam is all that comes to mind.

And oh yeah, I bet the people offering to do the teaching for a fee won't have a track record which would be their best selling point cause in reality they couldn't trade their way out of a paper bag if their lives depended on that and have to resort to selling seminars to make a sorry impoverished living.
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Originally Posted by bedsit View Post
Then you have a claim from somebody (I can't mention the name, otherwise the thread would be deleted in no time) that they can teach people how to turn 100,000 into 200,000,000 within 10 years.

That is 113.84% per year (more than 5 times better than what is considered as an excellent return) - or 6.53% per month (consistently).

Do you think this is possible?

Why shouldn't they keep the secret to themselves and make all that money?
Exactly, they wouldn't.

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Old Dec 24, 2010, 1:49pm   #7
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Re: 100k to 200m in 10 years

If you are a full time FX trader, and not making 100 quid a day (from a 10K account) give it up now, buy yerself a Mondeo and go cabbing, or buy a white van, put some ads in your local shop and hum along with the morons on TalkSport from 9-5..

Now along comes the flock of damaged shat on seagulls to tell me "but that's 22% per month, 240%+ per year (before compounding), if you were doing that Goldman Sachs would be hiring you..LOL it's fantasy land.." Really, a hundred quid a day...?
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Old Dec 24, 2010, 1:50pm   #8
Joined May 2010
Re: 100k to 200m in 10 years

tbh i've got tired of trying to do a dante and turn £80 into six figures. i'd rather learn to trade now, without the worry of trying to make money and get backed big dollar when i'm older when 30% a year, with a 50/50 split gets you all hot n' bothered
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Old Dec 24, 2010, 1:55pm   #9
 
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Re: 100k to 200m in 10 years

Quote:
Originally Posted by On The Road Again - Willie Nelson
On the road again -
Just can't wait to get on the road again.
Actually, I could have waited to do this topic again.
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Old Dec 24, 2010, 1:55pm   #10
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Re: 100k to 200m in 10 years

Quote:
Originally Posted by Black Swan View Post
If you are a full time FX trader, and not making 100 quid a day (from a 10K account) give it up now, buy yerself a Mondeo and go cabbing, or buy a white van, put some ads in your local shop and hum along with the morons on TalkSport from 9-5..

Now along comes the flock of damaged shat on seagulls to tell me "but that's 22% per month, 240%+ per year (before compounding), if you were doing that Goldman Sachs would be hiring you..LOL it's fantasy land.." Really, a hundred quid a day...?
true but when you get to a certain point percentage return dominates, you don't care about percentage return on £50, but you would on a £1billion surely
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