Do you think you can turn $200 into $400 in six weeks?

PB what made you turn on ianev,you must have a reason we dont know about

Its a very clear cut case of the blind leading the blind. Actually its worse than that because the guy who is blind is also deaf, dumb and paraplegic. Its perhaps unfair to single this particular person out, because 99.99% of everything posted here is complete nonsense, but it does no harm to bring that to peoples attention periodically

If you had $200, and desperately needed to make another $200 in 6 weeks, then trading is the very last thing on earth that you'd do. I could probably go out begging on the streets and make more in less time.

Lets face it there are 1001 simple business ideas that could be implemented with $200 and the return would be far greater.

The greatest traders in history simply could not guarantee a 100% return in 6 weeks. Most of them would struggle to guarantee that return in 6 years !

If the guy asked how could he double his money, with no more than x% chance of losing the lot then that's a different ballgame and he might get some sensible advice (and the best advice is bet the lot in a single spin of the roulette wheel)
 
Hi Pboyles,
I'm only going to answer this thread to you once and I wont carry on any further discussion with you because you are not really worth the time it takes to write these ridiculous replies.

But for sh-its and giggles:

I think this thread rather sums up T2W. Along comes a guy that wants to double his money in six weeks, everyone tells him he cant unless he gambles or actually does a bit of work to earn some money. Of course that answer is not suitable and like an EU referendum the question must be asked again until the people come up with the right answer. --- BORING!.

Sure enough before long along comes iamnev to advise him on strategies. Nev conveniently forgets to tell us that he paid 3500 for a course


-- This is pretty much true, I paid for a course , to be trained in trading. SO DID YOU or did Amplify allow you in on an exchange program ? !!!
Its been almost 12 months since I first started training, so all the basics have been covered, I am now into Algo writing and development/implementation . My mentor is still with me and the head trader as are all the mentors are extremely helpful. I haven't had to pay for any further training and I can access the Remote Trading Floor 24 hours a day. I have made some pretty good online buddies through the floor and we help each other as well as the usual banter which can be expected on an internet site. Unlike T2W where unless you are a Legend you just get berated and told your an idiot.

and later became a professional prop trader with a 1500 spread bet account.


-- My aim is still to sell the business and become a pro trader, I am classed as a Prop Trader as I get a bigger injection of money at the end of the month when I am profitable.
-- I have told you, even explained in great detail that I have a CFD account and not a SB account.

Not bad you might think, except of course that he promptly lost 50% from one account and 25% from another according to his blog.


-- Yes, I did lose and I continue to have losses, we can't all be like you and have legendary status and a perfect 100% track record in trading, where you clearly make so much money you can afford time to spend all day on the internet looking for shady Forex characters. I am still 1 year into the world of day trading, whilst holding down roles in other fields not related in any way to FX or trading. So what if I didn't make it to a £100k in the first 3 months, I never expected too. I've been learning, experimenting and sorting out how to trade in a way that fits my life, personality and risk tolerance.

Of course in the trading world failure does not prevent you from advising others, all that is needed now is for Nev to charge a hefty fee for his mentorship


--If I paid £3k for 24/7 advise for as long as I chose is considered a hefty price for getting it right, what price is all of the cr-p you have spurted over the internet. How many people have listened to you and failed. How many people have you scared off from looking for clear direction into how to become a full time trader? Who made you the FX course police anyway?

If people wish to be traders, they can sit in front of their computers, they can read books and they can get training in its many forms. I personally feel that as I want to do this professionally I should be in touch, in front of and listening to people that make a lot of money every day. Rather than anywhere near people like you who are just full of bile. I doubt I'll ever be a mentor but I look forward to being a professional trader.

and we will have the perfect example of a T2W vendor.
-- I have no desire to sell anything to anyone and if I did it wouldn't be on here.

Pboyles is basically a very disillusioned negative creep , who is quick to put people and ideas down because he thinks he knows what's best. What is best for Pboyles isn't necessarily best for everyone and we would all do well to Do Your Own Research, get some money management skills and knuckle down to some hard work/learning. I can hand on heart say that trying to make money in trading is the hardest thing I have ever done to earn some money. However, it is possible to learn to trade, make money and hopefully make what ever aspirations you have come true. Though Pboyles isn't going to tell you how to do it, so don't bother asking him (n)

Pboyles needs to read Think & Grow Rich , as he clearly has issues, with Fear, Greed and Failure. He's obsessed with these themes. He says nothing encouraging and is a black hole of positive emotion. I imagine he had a traumatic life, maybe bullied for being fat.
There is hope for him but I rate his chances as 1 in 100. He needs to lighten up, laugh at his losses, both follicle and financial. Maybe get out more and get into speed dating (try not to bore the ladies with your halitosis enriched wisdom). He loves hiding behind his online persona, I guess he is your classic Bulletin Board Troll.

GLA and enjoy your trading!

Get your calculator out and count up how much more money you'd have if you'd listened to me last year. Wasn't it £5000 or £6000 at the last count?

...and you think it's a bad idea for me to put other people off doing what you did?
 
I am wondering how many of you think they can turn $200 into $400 in six weeks? How would go about doing that?

Yep - The above advice is spot on - McDonalds(y)
No risk, no stress, cannot lose and you get more than $400 in six weeks
 
$200 to $400 in 6 weeks.
Assuming you are trading every day between Monday and Friday.
You have 30 days to create $200.
200/30 = 6.66 , meaning you would have to generate $7 of profit every day.

A strategy with 2% risk on $200 is a strat that allows you to risk $4, so I wouldn't recommend risking $4 to make $7 initially.
However, if you could get a strategy that had a risk reward of 1:3, you could risk 2% a trade and it would get you nearer the $7 a day that you need.
Your problem would be that a RR of 1:3 doesn't usually have as high a probability of return as a 1:1
Do you need to double your money in 6 weeks ? why not double it over 18 weeks and give yourself a chance.
What ever the strategy is and for the purpose of illustration only, why not risk 1:2 , and when you have made your balance $225, why not risk more on the extra $25 and keep the $200 safe or on the same strat that made you the $25 in the first place.

Long story a bit shorter, when you have some risk free capital, put it to work more efficiently and up the risk, but, only on the risk free capital.

Avoid the risk - go to work at McDonalds and take the risk free earnings(y)
 
I am wondering how many of you think they can turn $200 into $400 in six weeks? How would go about doing that?
why six weeks? you seem to be on a mission. :sneaky:

It can be done, but most likely not sustainable and dangerous to your trading account.

to achieve spectacular gains, you need
trading edge
use of above average leverage (+/- 200:1) and last but not least
black swan market opportunity/volatility

If you trade long enough, it might happen to you. But don't go chasing it. It will come.
 
I think this has been the best response I received. I think it is funny how they assume I was after their idiotic trading ideas. I wanted to see what type of traders are active here and what they think about trading. Those who claim it is a ridiculous idea to double $200 in six weeks are simply not cut out to be traders.

Perhaps you'd have received less ridiculous answers if you'd asked a less idiotic question?
 
Do you need to double your money in 6 weeks ? why not double it over 18 weeks and give yourself a chance.

Cone off it Nev. What kind of looser* takes 18 whole weeks to double his account?

I trade the Slapobagploppies way, which gives me 300% per trade risk-free, since I only trade off the left side of the chart.

18 weeks to double your money? You need more ambition Nev.

*The correct spelling on T2W.
 
Perhaps you'd have received less ridiculous answers if you'd asked a less idiotic question?

It was pretty idiotic, even by T2W's standards.

As for Iamnev, where on earth would one begin? I hope he gives up before he wastes too much time and money.
 
Not at all. I wanted to get a feel for the general idea members of this forum subscribe to. I got my answer.

the T2W Forum members have general Ideas ?

boy did you walk into the wrong bar dude :LOL:
 
Turning $200 into $400 is little bit difficult but possible if we make continue profit. At present, I am not able to do it. For me, it will take more time.
 
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