Making $2000 per month from $20,000???

wayneL · 18 April 2006

On the futures this evening.

Net $500AUD (or more) per 1 contract was available as a daytrade on any of the following:

Any Currency
Gold
Any of the indexes

That's just one night. Doing that 4 nights per month on one contract and breaking even with the rest of the months trading delivers $2000 per month from a whole bunch less than $20,000 capital. (Though I suggest having close to this in cash reserve per contract)

Of course, I am at pains to point out that it is possible to lose as well.

But just to point out 2k from 20k is very possible.

NB As I do not call trades live, I make no representation as to whether I am personally achieving this or not. It's Just for for the sake of example. But those who followed my futures blog when I was running it would vouch for what I am saying here.

Cheers

Mikepaus · 26 April 2006

Mmm 120% profit in a year - I don't think so

tarnor · 26 April 2006

2k frem 20k per month can be easily done in this market.. many would be looking for more..

hypnotic · 12 May 2006

tarnor said:
2k frem 20k per month can be easily done in this market.. many would be looking for more..

I agree with many of those who agree it can be quiet easily done, IMO it is it is very possible in this market.

I only just started trading, picked a few good shares which went up average 15% in less than 3 weeks.

But it definitely wont last forever.

Nothing is easy, anyone can still lose money even in the bull market.

Good luck and have fun trading

Hypnotic

rcfoote · 12 May 2006

asx sharemarket game start with 50 thou and play with top 100 only leaders are averaging 2gs a week

crackaton · 13 May 2006

rcfoote@optusnet.com.au said:
asx sharemarket game start with 50 thou and play with top 100 only leaders are averaging 2gs a week

No offense mate, but why are you using your email address as your name?

Kipp · 13 May 2006

rcfoote@optusnet.com.au said:
asx sharemarket game start with 50 thou and play with top 100 only leaders are averaging 2gs a week

Isn't it high school students in the asx game though? I remember being forced into in grade 11- quite fun actually though we had no idea what the hell we were investing in (still made 20% in 6months...)

But point is, the ASX game probably isn't indicative of all traders/investors out there...

NettAssets · 13 May 2006

There are 2 ASX games.
An open one and a schools one.

Regards
John

ice · 13 May 2006

Why stop at $2000 a month?
My first ever trade returned 65% in 4 days.
Extrapolate that, equals $13000 on $20000 outlay. Lets be conservative and say it takes 5 days.
1 trade a week then.
So $13000 x 52 weeks =....., but hang on we need holidays; say 4 weeks. Therefore $13,000 x 48 weeks = $624,000.
Hmmm, not bad. Not enough to live on but at least it's a start.

ice

nizar · 13 May 2006

ice said:
Why stop at $2000 a month?
My first ever trade returned 65% in 4 days.
Extrapolate that, equals $13000 on $20000 outlay. Lets be conservative and say it takes 5 days.
1 trade a week then.
So $13000 x 52 weeks =....., but hang on we need holidays; say 4 weeks. Therefore $13,000 x 48 weeks = $624,000.
Hmmm, not bad. Not enough to live on but at least it's a start.

ice

U cant live off $624k a year?
Wow u must really have a good lifestyle - well done 2 ur success buddy

michael_selway · 14 May 2006

ice said:
Why stop at $2000 a month?
My first ever trade returned 65% in 4 days.
Extrapolate that, equals $13000 on $20000 outlay. Lets be conservative and say it takes 5 days.
1 trade a week then.
So $13000 x 52 weeks =....., but hang on we need holidays; say 4 weeks. Therefore $13,000 x 48 weeks = $624,000.
Hmmm, not bad. Not enough to live on but at least it's a start.

ice

Wow nice

what were some of yoru big losses if any?

thx

MS

tech/a · 14 May 2006

Ice has given an example.

Simply that his first trade made 65%.
He doesnt disclose his position size.
But shows what a 65% rise on $20K
would equate to in a year.

Some people dont read.

crackaton · 14 May 2006

ice said:
Why stop at $2000 a month?
My first ever trade returned 65% in 4 days.
Extrapolate that, equals $13000 on $20000 outlay. Lets be conservative and say it takes 5 days.
1 trade a week then.
So $13000 x 52 weeks =....., but hang on we need holidays; say 4 weeks. Therefore $13,000 x 48 weeks = $624,000.
Hmmm, not bad. Not enough to live on but at least it's a start.

ice

lol Impressive. So who are you trying to impress?

bullmarket · 14 May 2006

Good morning everyone

It looks to me that some readers have been sucked in by ice

I thought his post was said with tongue firmly planted in his/her cheek and was basically said in jest

Anyway, happy Mother's Day to all the mum's out there. I hope you are all made to feel special today......and on every day

cheers

bullmarket

rederob · 14 May 2006

crackaton said:
lol Impressive. So who are you trying to impress?

probably his MUM.
yes, happy mum's day to all that fit the criterion, and anyone that does not should be helping them make it happy
....maybe that's where "happy" is today

chemist · 18 May 2006

tech/a said:
120% a year.

Reckon a broker who can do that would have his house/s mortgaged to the hilt at 7% and the proceeds margined at around 2xs or be trading CFD's at 10x living on his own island.

My first thought was---how many months?
2nd thought was---do people honestly believe that there are people out there that can consistently turn $20k into $42K a year working for a wage of $70K a year?
3rd thought.
Find one of these people pay them $70K and give them $200k,tell them to look after the house and take out their wages,give them the sat phone number and see you in 12 mths.

There's no reason why the ability to turn $20k into $42k would preclude working in a $70k a year job. $32k a year isn't much to live on.

I don't understand thought 3.

cheers,
chemist

mit · 18 May 2006

Average 2000 a month on 20000. I think it is extremely possible. Take more risk per trade but stay on the correct side of ROR. The problem is having the stomach for it when you get 50-60% drawdowns. Larry Williams has turned 10,000 into a million a number of times. He tried using this technique as a money manager and 10,000 invested went up to 2,100,000 then down to 700,000 where everybody bailed. The fund ended up at 1.1 million. (Larry Williams short term secrets to long term profits).

Make a constant 2000 a month on 20000. I think that this is a little harder but possible. It would take full time+ trading across a number of futures/forex/option markets ala Wayne.

MIT

tech/a · 18 May 2006

chemist said:
There's no reason why the ability to turn $20k into $42k would preclude working in a $70k a year job. $32k a year isn't much to live on.

I don't understand thought 3.

cheers,
chemist

Find a Broker who can make you 120% a year,Give him a job and pay him the 70K,(An average broker would grab a $70K job)stick him in your house to house sit while you travel the world.
Your $200K will then be turned into another $240K less the $70K--should be able to live ok on that even travelling.

chemist · 19 May 2006

tech/a said:
Find a Broker who can make you 120% a year,Give him a job and pay him the 70K,(An average broker would grab a $70K job)stick him in your house to house sit while you travel the world.
Your $200K will then be turned into another $240K less the $70K--should be able to live ok on that even travelling.

Broker? No broker ever made anyone anything. Brokers don't know how to trade. The OP didn't say his broker was going to do this for him.

Chemist

tech/a · 19 May 2006

seals139 said:
How realistic is that with a good broker?
seals139

Sorry my attempt at humor has been taken as a statement of factual possibility or in this case impossibility.

Was never meant to be a serious comment,just trying to lighten up.

Making $2000 per month from $20,000???

wayneL

VIVA LA LIBERTAD, CARAJO!

Mikepaus

tarnor

hypnotic

rcfoote

crackaton

Kipp

Lord of the Ledgers

NettAssets

ice

nizar

michael_selway

Coal & Phosphate, thats it!

tech/a

No Ordinary Duck

crackaton

bullmarket

rederob

chemist

mit

tech/a

No Ordinary Duck

chemist

tech/a

No Ordinary Duck

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