With just $1,000, can you become a millionaire in just 38 trades? Mathematically it works; $1,000 invested with a 20% gain and then reinvested repeatedly 37 more times for a 20% gain works out to $1,020,674.70
With a 20% gain strategy, your account might grow a lot slower but this is a safer strategy instead of hoping for big gains over 20% and 20% gains happen every single stock trading day in the OTC Market. Your task is to get into the right position in a stock that will make you 20% (Don't forget about the trade fees)
The more profits you accumulate, the harder it gets. It's like a video game with levels, the first 10 to 15 levels are relatively easy but it starts to become more intense as you go further. The more you lose in your trades, the more you have to refine your strategy to beat the level of the trade and move on to the next trade level
1 flaw in this method.. maybe around the 10K range.. you will actually move the market with OTCs..... putting 100K on a OTC is asking to go broke. plus the people selling are not selling 100K and up worth at a time.... so even if you get in.. You wont be able to get out of a trade.
Good point.. But you could trade that amount in major Forex markets and not worry about it moving the market
This is why I said that the more profits you accumulate, the harder it gets. When you have more to play with, you have to refine your strategy. You have to break your profits into several different penny stocks instead of putting it all in 1 stock. There's dozens of otc stocks that make 20% gains almost every trading session and if you get around $10K range, you have to break up that $10k into 10 different stocks, putting $1,000 in each. Each 10 stock doing 20% will make you $200 when you break up that $10k into those 10 stocks. If you do the numbers, 10 times $200 is $2,000 and $10k times 20%, comes out to $2000! So basically, you'll still be making your 20% gain & sometimes in the OTC market, the stock moves more than 20%. I posted on here how one stock moved 4,500% in 1 week, these type of gains will move you faster down the trade chart and the more stocks you find like that with gains up to 1,000% the faster and easier it is to getting $1Million. I even have a long term, buy & hold strategy to hitting $2.5 Million in 1 year. It's simply a game of how much patience are you willing to have to get there.
AWESOME!!!!!!!!!!! YES I KNEW I WAS ON THE RIGHT TRACK
AN inteRESTinG MentalitY of APpROACH !! - ))
CasHinG OUT around leVel 13 would 'help' alleviate 'some' pressure in the HigheR LeVeL-S ... and ... IF YOU 'ran' this PRO-G-RAM 'in' "Parallel" ... (i.e.) ... having MULTIPLE CHARACTERS 'in' your G(am)E ... would YOU not have 'multiple oportUNITIES' for 'STRATEGY' ?? - ))
PLAYING with HOUSE M_ONE_Y !!! - )))
IN L(if)E ... what did WE each PAY ??? -)))
... "TO BE" here NOW ?? - ))
IS-N"T HUMANITY ... playing with HOUSE MONEY ?? -))
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LOVELOVELOVE )))
greb'Z )
That's a great looking set of numbers.
Following you.
I have been following you so thanks for following me back!
My pleasure, thanks so much! Hope you've had a great day!
sometimes theory =/= reality.
but its good if we can gain 20% in every trade.
20% gain in the OTC Stock Market is a norm, you just need to find the right stock and get in a good position. Once you start going down the trades, you're going to have to refine your strategy because the more profits you accumulate, the harder it gets. In the OTC market, stocks do more than 20%. I even posted on here how 1 of my stocks did 4,500% in just 1 week. $300 turn into $13,500 and the stock is still moving up some more!
What a super cool analytical breakdown. Inspiring. Because it could also start with ten bucks or 100 bucks on the crypto exchanges and achieve scaled down but tangible results!
What about all the trades that go south more then 20%.
This is where you have to learn how to cut your losses quickly or you will be stuck in your position waiting for the stock to go back up. You cut your losses quickly and move to the next moving stock.
But the short term capital gain will require you to pay 20% tax if you are not holding it over a year :( but interesting point though, the power of compiunding is real