Is it possible to start with a small amount of money and make it into a million dollars?
Short answer - yes!
Long answer: depends how much time and effort you're willing to put into developing a new high income skill set.
I am fortunate that a lot of our Market Stalkers students are quite well off. Most of them have disposable incomes of 6 figures because they are already successful in other professions. So far we've had wildly successful performances from pilots, engineers, doctors, high-level programmers, former musicians, former semi-pro footballers... These are the typical backgrounds that have transferable skills that easily translate into consistent profitability.
We are facing a difficult uncertain future as the human race. The JOB ECONOMY is dying at a rapid pace due to COVID-19. It's becoming paramount to start developing your HIGH INCOME SKILLS.
To prepare for the upcoming SKILL ECONOMY you need to think beyond 9-5 rat race and a simple salary in exchange for your time. No one ever got rich trading time for money - and yet billions of people still do it. Why? It's easier, that's why. Comfort zone where there's no risk and everything feels nice and warm and fuzzy. But it also puts a ceiling on your income potential.
By learning how to properly do day trading from me will require quite an effort, time and money. But in the long run, learning Market Mechanics will actually save you A LOT of cash that you would have otherwise donated to the stock market.
I learned my skills on the fly, during my apprenticeship at a prop trading company.
Someone who doesn't have an opportunity to learn from a pro prop trader who can show them the ropes and tricks of the business will lose anywhere from $10,000 up to $300,000, trading with undirected trial and error within a few years.
It's not that people are stupid - quite the opposite. Many who go into day trading are mostly highly successful, intelligent individuals who have PhDs and Masters degrees in difficult jobs that already require a lot of skill and practice.
But for some reason, they never think to apply the same principles that helped them develop their other skillsets. Mainly because of the perpetuated idea in the media how 'day trading is easy and can be done by everyone' - a total and complete LIE.
Day trading is the pinnacle of investment skills. Master-level performance is required. Anything less and the markets will eat you alive.
The skills required to become a consistently profitable day trader are equivalent to skills required to become a part of the Olympic training team.
Both skills are performance-based disciplines: except sports relies on physical prowess, achieved through many years of methodical practice and experience, working on your weaknesses, both technical and psychological.
The other - daytrading: relies on your observation of the market moves, your knowledge and experience, also achieved through years of methodical practice, working of your weaknesses. Technical and psychological. *is there an echo in here?*
But because daytrading seemingly only requires a press of one small mouse button, many neglect the part about 'years of methodical observations, data gathering, statistical information and working on your own weaknesses'.
Expecting that one day, somehow as if by magic, bumbling around with random strategies will bring them the profits they desire.
Let's put this in a scenario: let's say you meet Shaquille O'Neal.
You ask him to show you one 'simple' move that's worked well for him over the years.
So he shows you: RUN RUN DODGE SHOOT. He executes the combination with flawless athleticism, exhibiting speed and skills of a minor God. You can literally see years of long practice backed by a ton of experience oozing out of every turn and jump. Strategically assessing every new situation with lightning-fast reflexes.
Would you then think to yourself: "oh wow amazing, I can just use that one move RUN RUN DODGE SHOOT and try out for the NBA next month! I will be a millionaire in 6 months".
Sounds rather ridiculous doesn't it?
Well that's exactly what people try to do with day trading:
Getting involved in a game of complex strategy under uncertainty principles with numerous outcomes then trying to do one single move of RUN RUN DODGE SHOOT in every single situation, expecting to become millionaires in two weeks.
So then: Is it really possible to make a million out of $2,000?
Yup it sure is. In fact all it takes is a return of 16% per month and you'll be a millionaire in under 4 years time. But not before you learn order flow and market mechanics, as well as how to apply all those principles in varied situations that the market may throw at you.
In prop trading, 16% a month is not even that great a return if you're using 1% per position size. Our current best performing traders do about 18-36% a month regularly. Prop trading is an entirely different animal to hedge funds.
It's not unheard of for a prop trader to double their monthly risk allowance. But it's all about HOW a trader does it.
The best of us do it using compounding. By using a recalculated percentage per every new trade, based on settled positions - total value of your available trading capital. This allows you to use compounding in your favour, letting time and probability take over to compound your returns.
Startup capital: $2,000.00
Average monthly return: 16% (average, which means you don't have to be profitable every month !!)
Compounded yearly return: 475%
12 month balance: $11,782.00
But without knowledge, practice, experience and methodical skill development, it will take you many years before you get there. In the process, donating a ludicrous amount of money for your self-schooled (lack of) skill-set.
What would you rather do:
Spend the next few years blowing another account?
Or spend $800 with me to learn real techniques that have made loads of cash for thousands of traders across the globe. Saving yourself the pain of blowing yet another account, yet again!
So if you want to experience a true leap in your trading performance, come join my my Market Stalkers family. Let me teach you how to navigate orderflow and profile events objectively, without any bias and conjecture.
And if you decide to go for one of the mentoring bundles, rest assured that while I will give you a virtual slap if you do something really muppety, I will always give a full explanation of why the slap - all of my negative reinforcement techniques are extremely effective. They serve a purpose of stopping you losing more money by doing stupid shit over and over.
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