Do you think you can turn $200 into $400 in six weeks?

[TheLastBear]

I am wondering how many of you think they can turn $200 into $400 in six weeks? How would go about doing that?

 

[pboyles]

I am wondering how many of you think they can turn $200 into $400 in six weeks? How would go about doing that?

Get a job in McDonalds, after 6 weeks you'll have about $1600 and you'll still have your $200 as well. That's like 800%, not even an Australian forex scheme could make that much.

 

[dan1986ccfc]

Get a job in McDonalds, after 6 weeks you'll have about $1600 and you'll still have your $200 as well. That's like 800%, not even an Australian forex scheme could make that much.

He forgot to mention he doesn't want to work for any of it

 

[Lord Flasheart]

I am wondering how many of you think they can turn $200 into $400 in six weeks? How would go about doing that?

if youd like to send me $200, ill explain how I did it.

 

[wackypete2]

if youd like to send me $200, ill explain how I did it.

Peter

 

[R.Charnock]

I am wondering how many of you think they can turn $200 into $400 in six weeks? How would go about doing that?

Why six weeks? Why not six minutes, or six seconds, to make it more of a challenge to the billionaire gurus?

 

[rathcoole_exile]

flip a coin to decide whether to go for Black or Red
waltz into a casino, lay down a bet according to the coin toss
walk out immediately, whatever the result, either with zero or $400

 

[R.Charnock]

Sounds like far too much work. Even simpler: move cursor to '2', delete, then press '4'.

 

[Gaucho and Nelson]

Get a job in McDonalds, after 6 weeks you'll have about $1600 and you'll still have your $200 as well. That's like 800%, not even an Australian forex scheme could make that much.

nor all the british ones (put together) either including the scalpers in front of the olympic tents who, rumour has it, have amalgamated with the pick-pocketeers and still not a solid pair of conkers between them.......nline2lo

 

[pboyles]

The overall opinion seems to be that you should either work for it or gamble and hope for the best. What answer were you looking for, that you can double you money by some other means?

 

[scose-no-doubt]

What the gentleman expects is a flurry of trading ideas with supporting rationale from which he can have his pick of the litter and therefore avoid any form of exertion himself while reaping an economic benefit.

 

[Lord Flasheart]

At least we know what the Senior and Legendary members subscribe to when it comes to trading, but thanks for your opinions.

dont take it so personally,but think about the question. how cany you really start trading with $200 and ask for a precise return in a set period. Youve got a lot to learn,feel free to join my thread or look at the other threads

 

[R.Charnock]

No-one's mentioned the Bagasloopy way, which is, of course, guaranteed to produce huge profits (for the vendor).

 

[iamnev]

$200 to $400 in 6 weeks.
Assuming you are trading every day between Monday and Friday.
You have 30 days to create $200.
200/30 = 6.66 , meaning you would have to generate $7 of profit every day.

A strategy with 2% risk on $200 is a strat that allows you to risk $4, so I wouldn't recommend risking $4 to make $7 initially.
However, if you could get a strategy that had a risk reward of 1:3, you could risk 2% a trade and it would get you nearer the $7 a day that you need.
Your problem would be that a RR of 1:3 doesn't usually have as high a probability of return as a 1:1
Do you need to double your money in 6 weeks ? why not double it over 18 weeks and give yourself a chance.
What ever the strategy is and for the purpose of illustration only, why not risk 1:2 , and when you have made your balance $225, why not risk more on the extra $25 and keep the $200 safe or on the same strat that made you the $25 in the first place.

Long story a bit shorter, when you have some risk free capital, put it to work more efficiently and up the risk, but, only on the risk free capital.

 

[pboyles]

$200 to $400 in 6 weeks.
Assuming you are trading every day between Monday and Friday.
You have 30 days to create $200.
200/30 = 6.66 , meaning you would have to generate $7 of profit every day.

A strategy with 2% risk on $200 is a strat that allows you to risk $4, so I wouldn't recommend risking $4 to make $7 initially.
However, if you could get a strategy that had a risk reward of 1:3, you could risk 2% a trade and it would get you nearer the $7 a day that you need.
Your problem would be that a RR of 1:3 doesn't usually have as high a probability of return as a 1:1
Do you need to double your money in 6 weeks ? why not double it over 18 weeks and give yourself a chance.
What ever the strategy is and for the purpose of illustration only, why not risk 1:2 , and when you have made your balance $225, why not risk more on the extra $25 and keep the $200 safe or on the same strat that made you the $25 in the first place.

Long story a bit shorter, when you have some risk free capital, put it to work more efficiently and up the risk, but, only on the risk free capital.

I think this thread rather sums up T2W. Along comes a guy that wants to double his money in six weeks, everyone tells him he cant unless he gambles or actually does a bit of work to earn some money. Of course that answer is not suitable and like an EU referendum the question must be asked again until the people come up with the right answer.

Sure enough before long along comes iamnev to advise him on strategies. Nev conveniently forgets to tell us that he paid 3500 for a course and later became a professional prop trader with a 1500 spread bet account. Not bad you might think, except of course that he promptly lost 50% from one account and 25% from another according to his blog. Of course in the trading world failure does not prevent you from advising others, all that is needed now is for Nev to charge a hefty fee for his mentorship and we will have the perfect example of a T2W vendor.

 

[scose-no-doubt]

$200 to $400 in 6 weeks.
Assuming you are trading every day between Monday and Friday.
You have 30 days to create $200.
200/30 = 6.66 , meaning you would have to generate $7 of profit every day.

A strategy with 2% risk on $200 is a strat that allows you to risk $4, so I wouldn't recommend risking $4 to make $7 initially.
However, if you could get a strategy that had a risk reward of 1:3, you could risk 2% a trade and it would get you nearer the $7 a day that you need.
Your problem would be that a RR of 1:3 doesn't usually have as high a probability of return as a 1:1
Do you need to double your money in 6 weeks ? why not double it over 18 weeks and give yourself a chance.
What ever the strategy is and for the purpose of illustration only, why not risk 1:2 , and when you have made your balance $225, why not risk more on the extra $25 and keep the $200 safe or on the same strat that made you the $25 in the first place.

Long story a bit shorter, when you have some risk free capital, put it to work more efficiently and up the risk, but, only on the risk free capital.

Google Translate:
Hi. Here's some basic arithmetic that has no relevance in actual trading.

 

[R.Charnock]

Google Translate:
Hi. Here's some basic arithmetic that has no relevance in actual trading.

You don't really expect to see anything relevant at T2W, surely?!

 

[iamnev]

Hi Pboyles,
I'm only going to answer this thread to you once and I wont carry on any further discussion with you because you are not really worth the time it takes to write these ridiculous replies.

But for sh-its and giggles:

I think this thread rather sums up T2W. Along comes a guy that wants to double his money in six weeks, everyone tells him he cant unless he gambles or actually does a bit of work to earn some money. Of course that answer is not suitable and like an EU referendum the question must be asked again until the people come up with the right answer. --- BORING!.

Sure enough before long along comes iamnev to advise him on strategies. Nev conveniently forgets to tell us that he paid 3500 for a course

-- This is pretty much true, I paid for a course , to be trained in trading. SO DID YOU or did Amplify allow you in on an exchange program ? !!!
Its been almost 12 months since I first started training, so all the basics have been covered, I am now into Algo writing and development/implementation . My mentor is still with me and the head trader as are all the mentors are extremely helpful. I haven't had to pay for any further training and I can access the Remote Trading Floor 24 hours a day. I have made some pretty good online buddies through the floor and we help each other as well as the usual banter which can be expected on an internet site. Unlike T2W where unless you are a Legend you just get berated and told your an idiot.

and later became a professional prop trader with a 1500 spread bet account.

-- My aim is still to sell the business and become a pro trader, I am classed as a Prop Trader as I get a bigger injection of money at the end of the month when I am profitable.
-- I have told you, even explained in great detail that I have a CFD account and not a SB account.

Not bad you might think, except of course that he promptly lost 50% from one account and 25% from another according to his blog.

-- Yes, I did lose and I continue to have losses, we can't all be like you and have legendary status and a perfect 100% track record in trading, where you clearly make so much money you can afford time to spend all day on the internet looking for shady Forex characters. I am still 1 year into the world of day trading, whilst holding down roles in other fields not related in any way to FX or trading. So what if I didn't make it to a £100k in the first 3 months, I never expected too. I've been learning, experimenting and sorting out how to trade in a way that fits my life, personality and risk tolerance.

Of course in the trading world failure does not prevent you from advising others, all that is needed now is for Nev to charge a hefty fee for his mentorship

--If I paid £3k for 24/7 advise for as long as I chose is considered a hefty price for getting it right, what price is all of the cr-p you have spurted over the internet. How many people have listened to you and failed. How many people have you scared off from looking for clear direction into how to become a full time trader? Who made you the FX course police anyway?

If people wish to be traders, they can sit in front of their computers, they can read books and they can get training in its many forms. I personally feel that as I want to do this professionally I should be in touch, in front of and listening to people that make a lot of money every day. Rather than anywhere near people like you who are just full of bile. I doubt I'll ever be a mentor but I look forward to being a professional trader.

and we will have the perfect example of a T2W vendor.
-- I have no desire to sell anything to anyone and if I did it wouldn't be on here.

Pboyles is basically a very disillusioned negative creep , who is quick to put people and ideas down because he thinks he knows what's best. What is best for Pboyles isn't necessarily best for everyone and we would all do well to Do Your Own Research, get some money management skills and knuckle down to some hard work/learning. I can hand on heart say that trying to make money in trading is the hardest thing I have ever done to earn some money. However, it is possible to learn to trade, make money and hopefully make what ever aspirations you have come true. Though Pboyles isn't going to tell you how to do it, so don't bother asking him

Pboyles needs to read Think & Grow Rich , as he clearly has issues, with Fear, Greed and Failure. He's obsessed with these themes. He says nothing encouraging and is a black hole of positive emotion. I imagine he had a traumatic life, maybe bullied for being fat.
There is hope for him but I rate his chances as 1 in 100. He needs to lighten up, laugh at his losses, both follicle and financial. Maybe get out more and get into speed dating (try not to bore the ladies with your halitosis enriched wisdom). He loves hiding behind his online persona, I guess he is your classic Bulletin Board Troll.

GLA and enjoy your trading!

 

[Lord Flasheart]

PB what made you turn on ianev,you must have a reason we dont know about

 

[R.Charnock]

Hi Pboyles,
I'm only going to answer this thread to you once and I wont carry on any further discussion with you because you are not really worth the time it takes to write these ridiculous replies.

But for sh-its and giggles:

I think this thread rather sums up T2W. Along comes a guy that wants to double his money in six weeks, everyone tells him he cant unless he gambles or actually does a bit of work to earn some money. Of course that answer is not suitable and like an EU referendum the question must be asked again until the people come up with the right answer. --- BORING!.

Sure enough before long along comes iamnev to advise him on strategies. Nev conveniently forgets to tell us that he paid 3500 for a course

-- This is pretty much true, I paid for a course , to be trained in trading. SO DID YOU or did Amplify allow you in on an exchange program ? !!!
Its been almost 12 months since I first started training, so all the basics have been covered, I am now into Algo writing and development/implementation . My mentor is still with me and the head trader as are all the mentors are extremely helpful. I haven't had to pay for any further training and I can access the Remote Trading Floor 24 hours a day. I have made some pretty good online buddies through the floor and we help each other as well as the usual banter which can be expected on an internet site. Unlike T2W where unless you are a Legend you just get berated and told your an idiot.

and later became a professional prop trader with a 1500 spread bet account.

-- My aim is still to sell the business and become a pro trader, I am classed as a Prop Trader as I get a bigger injection of money at the end of the month when I am profitable.
-- I have told you, even explained in great detail that I have a CFD account and not a SB account.

Not bad you might think, except of course that he promptly lost 50% from one account and 25% from another according to his blog.

-- Yes, I did lose and I continue to have losses, we can't all be like you and have legendary status and a perfect 100% track record in trading, where you clearly make so much money you can afford time to spend all day on the internet looking for shady Forex characters. I am still 1 year into the world of day trading, whilst holding down roles in other fields not related in any way to FX or trading. So what if I didn't make it to a £100k in the first 3 months, I never expected too. I've been learning, experimenting and sorting out how to trade in a way that fits my life, personality and risk tolerance.

Of course in the trading world failure does not prevent you from advising others, all that is needed now is for Nev to charge a hefty fee for his mentorship

--If I paid £3k for 24/7 advise for as long as I chose is considered a hefty price for getting it right, what price is all of the cr-p you have spurted over the internet. How many people have listened to you and failed. How many people have you scared off from looking for clear direction into how to become a full time trader? Who made you the FX course police anyway?

If people wish to be traders, they can sit in front of their computers, they can read books and they can get training in its many forms. I personally feel that as I want to do this professionally I should be in touch, in front of and listening to people that make a lot of money every day. Rather than anywhere near people like you who are just full of bile. I doubt I'll ever be a mentor but I look forward to being a professional trader.

and we will have the perfect example of a T2W vendor.
-- I have no desire to sell anything to anyone and if I did it wouldn't be on here.

Pboyles is basically a very disillusioned negative creep , who is quick to put people and ideas down because he thinks he knows what's best. What is best for Pboyles isn't necessarily best for everyone and we would all do well to Do Your Own Research, get some money management skills and knuckle down to some hard work/learning. I can hand on heart say that trying to make money in trading is the hardest thing I have ever done to earn some money. However, it is possible to learn to trade, make money and hopefully make what ever aspirations you have come true. Though Pboyles isn't going to tell you how to do it, so don't bother asking him

Pboyles needs to read Think & Grow Rich , as he clearly has issues, with Fear, Greed and Failure. He's obsessed with these themes. He says nothing encouraging and is a black hole of positive emotion. I imagine he had a traumatic life, maybe bullied for being fat.
There is hope for him but I rate his chances as 1 in 100. He needs to lighten up, laugh at his losses, both follicle and financial. Maybe get out more and get into speed dating (try not to bore the ladies with your halitosis enriched wisdom). He loves hiding behind his online persona, I guess he is your classic Bulletin Board Troll.

GLA and enjoy your trading!

Don't you think you're missing the point?