Why do people start with small accounts?

This is a discussion on Why do people start with small accounts? within the General Trading Chat forums, part of the Reception category; and I'm not talking about ?martingaling" their position doubling up their contracts with acct size.. i mean staying 3-5 contracts ...

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Old Oct 6, 2017, 6:22pm   #25
 
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and I'm not talking about ?martingaling" their position doubling up their contracts with acct size..

i mean staying 3-5 contracts the WHOLE way to 100K from 5K. There is some that can do this, right?

i no its not easy or everyone would be doing it but assumed there are some that can and have
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Old Oct 6, 2017, 8:11pm   #26
 
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why does everyone talk about like "20%/month" trading results like its interest or something akin to an investment acct? this is TRADING, not CD's, or some other interest bearing acct. aren't there people here that can take a 5K account and with little DD turn it into 100K in a year??

i always dreamed of being one of those people someday.
I am with you, those people talking about 10%, 20% a month as a given have not traded for very long... there is no such a performance here...

One of My favorite examples: Compound 10% a month over 10 years starting $10k and you'll be a billionaire, with over $1.5B in your account and I am yet to see someone doing it here :-)

With "only" 20% a month, you'll be the richest man in history of the planet with trillions!!! $217351110304003.62
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Old Oct 6, 2017, 8:22pm   #27
 
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Maybe 20% a month is too steep, though one should, when fully proficient, be aiming for at least 10% to 15% a month. If you treat trading like investing, an altogether different game, why not use the trading trading funds to invest in the first place? Good investors are a lot wealthier because the funds they invest are far larger, and they usually invest with fund managers. You do hear about billionaire investors but never billioanire traders, that's because mega-wealthy investors usually have significant stake in the companies themselves e.g. Buffett, or fund managers who pool the money of their clients to buy up sizeable stake.
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Old Oct 6, 2017, 8:30pm   #28
 
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Maybe 20% a month is too steep, though one should, when fully proficient, be aiming for at least 10% to 15% a month. If you treat trading like investing, an altogether different game, why not use the trading trading funds to invest in the first place? Good investors are a lot wealthier because the funds they invest are far larger, and they usually invest with fund managers. You do hear about billionaire investors but never billioanire traders, that's because mega-wealthy investors usually have significant stake in the companies themselves e.g. Buffett, or fund managers who pool the money of their clients to buy up sizeable stake.
when i open my futures actt, i'm not going be AIMING for a %'age..thats masters of biz admin BS I WILL BE

aiming to take make a few hundred every day off a 5K acct, and i'll be happy as a lark with that
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Old Oct 6, 2017, 8:58pm   #29
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why does everyone talk about like "20%/month" trading results like its interest or something akin to an investment acct? this is TRADING, not CD's, or some other interest bearing acct. aren't there people here that can take a 5K account and with little DD turn it into 100K in a year??

i always dreamed of being one of those people someday.
No there is nobody here who can do that. That's a 32% monthly return. There are some unintelligent enough to believe that 1 or 2 months of this level of return means it is possible to sustain. I wouldn't call them so much fooled by randomness as utterly confused by mathematics.

If you can make 32% a month on a liquid basket of products like FX - trading low-med frequency, congratulations, you will be worth 82 million in 3 years time from a starting cap of 5k.

Not that you'd bother since if you build a 12 month record of returning 32% a month with a flat eq curve and no weekend holding as you're suggesting, you're about to become the wealthiest fund manager who ever drew breath within half a decade.
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Old Oct 6, 2017, 9:01pm   #30
 
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No there is nobody here who can do that. That's a 32% monthly return. There are some unintelligent enough to believe that 1 or 2 months of this level of return means it is possible to sustain. I wouldn't call them so much fooled by randomness as utterly confused by mathematics.

If you can make 32% a month on a liquid basket of products like FX - trading low-med frequency, congratulations, you will be worth 82 million in 3 years time from a starting cap of 5k.

Not that you'd bother since if you build a 12 month record of returning 32% a month with a flat eq curve and no weekend holding as you're suggesting, you're about to become the wealthiest fund manager who ever drew breath within half a decade.
i think i could do it, and not tyring be arrogant here, i.t.h.i.n.k.i.c.a.n.d.o.i,t

ie, take a 5K acct too 100K on no more than 5 contracts over a year

i think i can do it, haven't done it but i lol think i can
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Old Oct 6, 2017, 9:08pm   #31
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i think i could do it, and not tyring be arrogant here, i.t.h.i.n.k.i.c.a.n.d.o.i,t

ie, take a 5K acct too 100K on no more than 5 contracts over a year

i think i can do it, haven't done it but i lol think i can
Sorry to say you'd be wasting your time since even if you did it, you'd lose it soon enough afterwards at that vol.
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Old Oct 6, 2017, 9:11pm   #32
 
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Sorry to say you'd be wasting your time since even if you did it, you'd lose it soon enough afterwards at that vol.

if you gave me 50K , i couldn't take it to 500K.

but if you gave me 5K, i'd be up 100K at end of the year.

thats the crazy psychology ..of RETAIL. we aren't used to working with these big #'s
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