Discussion in 'Making Money' started by jammie, Aug 30, 2008.
an average of a quarter of a mil per year, sounds like a no brainer to me
If you do the maths it is very possible indeed. Its just people either give up half way or get lazy.
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...
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
Yeah it possible, but why don't you just get 100% every month if you can do that? then it would be much faster
what are you trading? Maybe you should crank out a quick ebook with some basics and sell it to help fund your own trading.
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.
I am interested in what methodology that youre using ? If you could share with us .....
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.
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.
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.
hmm. I have like $33,000 to invest. Maybe I should look into forex. Earning 1m$ seems fun
Nooooooo! That was just an example. You have a good amount to invest.. Look into product launchs.
Thats a good idea, Id probably buy it lol
"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 !!
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.
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