dbphoenix
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Strategic Trader
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do 20 times the same thing you did to get to 50K
or put the 50K away safely and get a job as a trader and wait until you are profitable before even thinking about touching the 50K
or put the 50K away safely and get a job as a trader and wait until you are profitable before even thinking about touching the 50K
FetteredChinos
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millions of what?
£50k will buy you 5,000,000 cola bottles.
should keep you amused for a bit.
£50k will buy you 5,000,000 cola bottles.
should keep you amused for a bit.
donaldduke
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If you are patient and disciplined, mange your risk properly, and have a good game plan you might double
your money each year, in which case you could get to about a million 5 years from now.
However if you impatient, undisciplined make big bets, and dont have a game plan
you will probably only last 5 week or atmost 5 months.
your money each year, in which case you could get to about a million 5 years from now.
However if you impatient, undisciplined make big bets, and dont have a game plan
you will probably only last 5 week or atmost 5 months.
FetteredChinos
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i only aim to shoot (??) for about 70-80% a year. only been achieving the required return the last few months...
slowly slowly catchy monkey.
slowly slowly catchy monkey.
donaldduke
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If you aim for 70-80%, then by the miracles of compounding you actually end up with a 100%.FetteredChinos said:
(ie 6% a month isnt 72% a year, but 100% from what you started with)
FetteredChinos
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oh not you as well!!
i know the "magic 72 rule"
i meant, over the course of the year, with compounding to increase capital by 70% a year..
5% a month will do me...
i know the "magic 72 rule"
i meant, over the course of the year, with compounding to increase capital by 70% a year..
5% a month will do me...
Cavalry Trader
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Would this be 70-80% of your overall fund, or assuming you only trade with a 2% risk on each trade 70-80% of risked money?
CT
barjon
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don't expect a quick answer, ct, we haven't seem much of fc for a while. you'll see his post was april 2005
cheers
jon
Cavalry Trader
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don't expect a quick answer, ct, we haven't seem much of fc for a while. you'll see his post was april 2005
cheers
jon
Oops thanks
Maybe some other senior traders could give their thoughts
CT
Hoggums
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Won't make you millions. What happens if they get into trouble with subprime and shares get diluted out to virtually worthless? Never put your eggs in one basket.
You have no knowledge so don't try and trade yourself. Go to an asset management company and buy a unit trust or a tracker. Use your ISA allowance for this year and next.
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FXSCALPER2
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Open an trading account and go crazy. Just take small losses and relatively big profits. Trade like a mad man. Hey, don't even read books by Douglas or something. Read Reminiscences of a Stock Operator, lock yourself up and go nuts. Life is too short.
