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This thread is a new thing since you were here last. Mike set it up for inquiries about "I need help with ... (ask any question)", and what we do when there's a question is set up a new thread to attract general member replies and perhaps get a discussion going.
I am copying your response to the new thread I set up for his question, to seed it with an informative reply. I hope he gets many more and finds something to try out.
Good to see you back, by the way. I saw you post the other day and forgot to say "Welcome back...." so now, welcome back.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
HELP!!!! Lost my Tech/computer assistant.
Have traded since days of the Hunt Brothers silver fiasco. Ran a retail Gold & Numismatic biz when all we had was Phones and Telex - Life was a lot simpler than.
Recently opened account at TD Ameritrade. Seeking installation/configuration assistance for ThinkorSwim platform. Am 83, healthy and plan on seeing another 50 yrs of sunrises. Am an intermediate level trader but totally inept when it comes to computers and technology in general. Have Teamviewer and Skype and will be more than happy to compensate via PayPal.
I came a little after the Hunt brothers, but I remember it. My sympathies.
I have opened a new thread for your question, in hopes that it will attract attention and that someone will give you a hand. I'm sure it is not as difficult as it may appear, but a lot of traders are in the same boat, and someone who knows TOS probably can be of help.
HELP!!!! Lost my Tech/computer assistant.
Have traded since days of the Hunt Brothers silver fiasco. Ran a retail Gold & Numismatic biz when all we had was Phones and Telex - Life was a lot simpler than.
Recently opened account at TD Ameritrade. …
Good luck. You should see some responses there soon.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Over the years, I've asked traders a question, and never really gotten a good (in my opinion) answer. The question is: What would a person with a $10,000 trading account and basic options approval use as a consistent method to make $1000 per month net profit in the market, including options, futures or forex? Or, is that even possible?
I noticed a zero was missing in my initial post. I should have said "a $100,000 account." And now that I'm thinking about it, perhaps I should eliminate the number totally. Let's focus on just a consistent return from a repeatable strategy. Is that more realistic?
Well, I think there's a good reason you haven't gotten an answer, or actually several good reasons.
1. Most traders do not succeed at trading and eventually drop out. Trading is not an easy path to a lot of money, or to much at all except for a few.
2. You are asking for a mind-boggling amount of money from a small amount of capital. You're talking about 10% a month, net after losses, every month. That would not multiply out to 120% a year, it would be more, if the trader plowed the month's profits back into their account and so compounded the returns. In a few years, with compounding, we're talking about an unreal return.
3. Suppose someone knew of a "consistent method" to do this? Would they share it with you? No. Not ever. They would just use their money machine to crank out money and retire to their yacht, or perhaps to their private island or their castle in the Alps.
This may not be the "good" answer you wanted, but it is a realistic answer.
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But, since it's just my answer, I'm going to put your question out to the forum and see what others think is possible.
I'll generalize the question to ask what people think is possible for a trader to make consistently, and how they would get it, and we'll see what answers we get.
I've opened up a new thread for your question, here:
Over the years, I've asked traders a question, and never really gotten a good (in my opinion) answer. The question is: What would a person with a $10,000 trading account and basic options approval use as a consistent method to make $1000 per month …
I hope there are interesting responses.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Thanks for replying. I noticed a zero was missing in my initial post. I should have said "a $100,000 account." And now that I'm thinking about it, perhaps I should eliminate the number totally. Let's focus on just a consistent return from a repeatable strategy. Is that more realistic?
Why don't you go to the new thread and add this. I copied your original post there, and you can edit it if you like, clarifying what you would like the question to be, or you can make a new post to explain further.
Let's keep the discussion in that thread now, so others can jump in and it will be in just one place.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote