1k to 30k in a year
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Thread: 1k to 30k in a year

  1. #1
    is it possible to turn 1k to 30k in a year w/o risking too much

  2. #2

    Quote Originally Posted by ;
    You'd need to triple your capital each month. You're doing extremely well if you can triple your capital in a YEAR which equals about 10% gain each month. So no.
    If this trader triples their money each month, they will obtain their goal in 13 weeks, not one year.

  3. #3

    Quote Originally Posted by ;
    is it possible to turn 1k to 30k in a year w/o risking too much
    You'd need to triple your capital each month. You're doing extremely well if you can triple your capital in a YEAR which equals about 10% gain each month. So no.

  4. #4

    Quote Originally Posted by ;
    What would be a considerably amount to get in a year starting from 1k
    Time ago I asked a professional trader: What would be the right amount of startup capital to get in as few months as it's possible one million dollar with trading? He thought for some seconds seeming to make some mental calculation, then answered: Two millions.

  5. #5

    Quote Originally Posted by ;
    Excellent advice
    yeah - one day I might actually start listening to that guy -lol

  6. #6

    Quote Originally Posted by ;
    Forget monthly targets, just patiently wait for A set ups and take what the market gives while learning to master your techniques and emotions
    Excellent advice

  7. #7

    Quote Originally Posted by ;
    If you can get 20% a month consistently, you are a world class trader. This would mean you could turn $1000 into $9000 in a year. A more achievable goal is 5 to 10% monthly on average.
    10%, compounded monthly, is still elite level performance. 5% compounded monthly will achieve a 100% per year and still put you in the envious position of , not only being in the minority of people that make any profit at all, but beating the top performing hedge funds which achieved 50% last year. It will be a very experienced trader applying fulltime effort to achieve this. Thinking you can do better with less effort and experience will increase the chances of losing all your money. Forget monthly targets, just patiently wait for A set ups and take what the market gives while learning to master your techniques and emotions

  8. #8
    If you can get 20% a month consistently, you are a world class trader. This would mean you could turn $1000 into $9000 in a year. A more achievable goal is 5 to 10% monthly on average.

  9. #9
    thanks. I understand that it would be extremely risky too do that. What would be a considerably amount to get in a year starting from 1k

  10. #10
    Just do a search here on this forum if you want info from traders here about it. I think there must be hundreds of threads like this now.....

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