Hi Jill: "Four trades to a million." Yep, it can be done.
I meant to get back to you on your post about compounding profits.
Take 63,000 bucks and make 4 trades, a double each time with profits included. You get a million bucks. OK, take something smaller. Take $6333, 4 trades, a double each time, profits reinvested, and you get over $100k.
I use to occasionally say on the Porch, "Four trades to a million." Yeah, yeah, yeah... it's hard to do. So? It can be done.
Success is based on risk at times. I tell my friends all the time that it's a function of risk. That's why I strongly subscribe to the life principle of being debt free, for that's when you can assume more risk and, hopefully, much greater returns.
And folks wonder why I like options so much. (g)
I got chastised on here a couple of times in years past when I'd bring up that "Four trades to a million." However, I posted on the Porch actual trades as I was making them that subsequently, over 4-6 months, did just what I just described, 4 trades, 4 doubles. It can be done. So, I really liked your optimism and perspective on your post. I would not underestimate the potential to make money in the market. It's there. It's not easy, but it can be done. It's a function of risk.
Hey, "Four trades to a million."
RR |
