catch of 40% per week!

[london-eye]

theres this trader i know who at the end of the week keeps going on about his catches, he says on average his catch is about 40% per week. He trades cfds with margin 5%. so basically if he uses $10k for trading, then he buys $200k worth of stocks. so 40% of this is $80K. so he turns 10k to 80K every week!! im new to trading, is my understanding of catch correct? is anyone else experiencing similar success? Thanks

 

[littlemog]

'at the end of the week'

could he at the start of the week show what he's possibly buying?

 

[Vaco]

i think u have got this wrong, i believe he is saying to you tht he is turning his 10k into 18k every week, however most would not be able to achieve this with out risking a large % of their account per trade which means that sooner or later a bad run would blow your account.