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£1m in 4 years - realistic? you tell me!

Discussion in 'Making Money' started by jammie, Aug 30, 2008.

  1. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    Hi,

    We'll as much as i'd love to say i've made it and its thanks to this forum, i can't yet (lots more reading required), but i am a pretty f**king good trader and had this thought:

    I've been making 100% regularly a month for the last 5-6 months on my account, and i came to realise that if i turned it down, only got 20% each month (i.e. i didn't make risky trades and i kept all my profits) then in 4 years a mere £200 would turn into over £1m.

    I know its not exactly quick, but its alot quicker than most people make a million (i.e. never).

    Does anyone think this is a stupid idea? or should i go ahead and do it? i mean, its not alot of money, but its just every day for 4 years is quite an investment!

    Cheers,

    Jamie
     
  2. andrewm

    andrewm Newbie

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    an average of a quarter of a mil per year, sounds like a no brainer to me
     
  3. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    well, in the first year i'd only make £1,700, second would be £15,000, third would be £141,000 n last year over £1m

    just it seems so easy on paper, but if it was that easy more people would be millionaires i guess! must be a flaw somewhere!
     
  4. mightybh

    mightybh Jr. VIP Jr. VIP Premium Member

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    If you do the maths it is very possible indeed. Its just people either give up half way or get lazy.
     
  5. thaorius

    thaorius Junior Member

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    Well, what can I say, if the math says you can, then you can. And yes, if it didn't require consistency and people actually did everything they say, there would be a lot more of rich people.

    Go for it, and in fact, if you can get some extra money to start with...
     
  6. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    i could probably cut out the first 2 years of building my account, but i'd rather start small and get 2 years of practice on the same system. literally just getting to know it inside and out.

    I've just got everything pretty much sorted - some money to clear and stuff 2morro then i start playing around with it properly.

    my target for this month comming is £40. Doesn't seem too hard at all. easily done (i hope).

    Guess if it works i can write an ebook on it and sell it and make even more =P
     
  7. bvb

    bvb Regular Member

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    jammie- let me in on this... how much is the initial investment? you can run my money side by side with yours.. then once you get the mill, ill give ya half :)
     
  8. cokely

    cokely Registered Member

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    Yeah it possible, but why don't you just get 100% every month if you can do that? then it would be much faster
     
  9. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    max, i would but i hate managing other peoples money - i know what its like to have someone say "yeah you'll have xxx ammount of dollars blah blah blah" people don't think anything can go wrong then are gutted when they realise they have nothing near what they expected. There new house they had there hopes up for isn't happening, or the car etc.

    & cokely, because trading 100% every month is *very* risky, like if you make one mistake you can loose almost everything in seconds.

    initial investment is £200 (<$400), but thats because this is for a rainy day and thats what i found around the house. You could make a mil in 2 years if you had 15k, but since i've never traded anything over 10,000 i wouldn't like to start that big.

    I'll see how i feel after 3 months, if its all good, i'll probably whack alot more into it and see what i can do. 20%/month is more than a bank loan, so i'm tempted to do that and see what magic i can work!

    I'll keep everyone updated though!

    Jamie
     
  10. jetton

    jetton Registered Member

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    what are you trading? Maybe you should crank out a quick ebook with some basics and sell it to help fund your own trading.
     
  11. areyouserious

    areyouserious Registered Member

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    Jammie,

    On paper... anything is possible. In reality things change.

    Before you start your venture, I am curious about a couple of things.

    1. What markets are you "trading" stocks, options, forex... what?
    2. You say you been making 100% regularly a month for the last 5-6 months on your account, Is this actual trades or simulated trades.
    3. Are you using a "system" or do you shoot from the hip?
    4. If you are using a system is it yours or someone else's?

    Your answers to these questions will dictate whether or not you can hit your goal.

    Seriously
     
  12. RealMarketer

    RealMarketer Newbie

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    I am interested in what methodology that youre using ? If you could share with us .....
     
  13. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    i trade forex, straight up.

    I have a system and was going to write it in a book and give it away on here & sell on CB but figured i should keep it to myself.

    the 100% months have been simulated trading, but only low quantities and would not effect the market price at all (thus meaning it's accurate). Its not a program, although it could be programmed, but i enjoy trading so i don't mind. The system i use changes often though depending on the time of day, the way the market is moving and my targets.

    The system can easily be applied to futures/options aswell as CFD's aned commodities. Anything leveraged and fairly liquid. Might have a bad time in penny stock if you trade large volume but apart from that it's as good as gold.

    I had a post called "650% in 89 days" which was using this system, but its been tweaked since then.

    And the system is 100% mine. It's not really a system per say, but just a logical extension of what everyone knows.

    Hope that helps.
     
  14. rudyvise

    rudyvise Jr. VIP Jr. VIP

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    I'd say don't put all your eggs in one basket - just in case someone decides to change the landscape during the 4 year period.

    Rudy
     
  15. ximscreamingx

    ximscreamingx Power Member

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    This is very possible. I'm in the states so a million pounds is a ton more than a million dollars these days, BUT MSNBC (yes network news), has a yearly challenge where every participant is given "$10K" and you have only a few months to see how much you can make trading securities. Generally the winner's portfolio is somewhere near $2.5 million.

    Now this is obviously a no risk proposition, but, there was also a trading guru not too long ago, who did the same thing with $10K of his own money, and within one year had well over a million (he actually had closer to 3 million, but gave some of it back to the market).

    It is also possible to net over a million in internet marketing in less than a year. Now it's easy to say, and mush harder to do. The easiest way being a well, organized, unique content/idea, product, that is very well marketing. Some of the IM gurus have made more than a million in their first week of a product launch.

    Just be original, and know what your customers want.
     
  16. lukeevans

    lukeevans Junior Member

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    hmm. I have like $33,000 to invest. Maybe I should look into forex. Earning 1m$ seems fun
     
  17. ximscreamingx

    ximscreamingx Power Member

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    Nooooooo! That was just an example. You have a good amount to invest.. Look into product launchs.
     
  18. frenchboy

    frenchboy Jr. VIP Jr. VIP Premium Member

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    Thats a good idea, Id probably buy it lol
     
  19. qwertyboy

    qwertyboy Newbie

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    "What goes up must come down"...

    Any "system" I have been involved with always runs with the current economic conditions, good or bad..when they change most systems crash. In 4 years, seems a long time. I think you have 12 - 18 months tops....But still a lot of money !! Good luck !!
     
  20. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    i can always tweak it as i use it, there are no "rules" just when things "look right" i make a trade.

    the systems worked for 2 years so far with only very minor tweaking, so i think another 2/4 years shouldn't be too bad.

    I'll be keeping a diary on how i'm doing anyway. I kept a diary of my 100% in 3 weeks and i'll do a similar thing with this.