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Omar C | Is it possible to become a millionaire off the stock market in 1 year from $100? |
Let say I invest $100 in the stock market. My journey would be 251 trading days. I calculated that If I started with $100 and I gained 4.5% daily on my investment, in 251 days I would have over $6.1M.
Now, is this possible? Note that I am not saying 4.5% daily from the same stocks, but different stocks.
What are chances? What are your thoughts?
Additional Details
By the way I do not appreciate answers such as "Dream On". |
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mntndo
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It's a lot more possible than what most people believe. I pick stocks that go up 300% on a regular basis, it's a skill. Here's a small list of my trades. TRBY .065 to .17; DNDN $4.76 to $15.01; MAMA $2.07 to $4.40. I sold all three too early to avoid being greedy. Here's the time frame: TRBY 14 days; DNDN 8 days; MAMA 27 days. There's others, but you get the point, it can be done. |
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financing_loans
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Okay its technically not possible, but I will play with your formula. You would actually make $6,282,659.50.
Here is our problem. Day one you have a perfect trade. You put in 100 dollars and you make 4.5%. So now you have $104.50. The trade cost you 10 bucks. So now you have $94.50, you are out of money in 15 days even making 4.5% everyday.
Unless you can find a stock that increases 4.5% everday for the entire year. And ten dollars is the cheapest you will find for a trade. You can get 7 dollars trades if you $10,000+ in your account.
You would have to make 14.5% per day for the first 2-3 months to cover your trades, then it could drop to 12.5% per day for another 2-3 months. Then down to 10.5% per day for 2 more months. Then down to 7.5% per day until the last month. Then 5.5% per day for the final 30 days to get you anywhere over a couple million dollars.
Not saying its not possible. But you cant do it making *ONLY* 4.5% a day.
Good Luck you made me think.
****** MNTDO ******
You are hired. Dec of last year MAMA went up 200%, but it didnt take a week or whatever it was 2 days. Then it came back down. Then on April 9th you were smart enough to buy DNDN it went up a little over 300% in 1 day (acutally it took less then 1 hour). Stayed there for a month and came back down to what its been traded at for the past few years. TRBY was bought by a private company and doesnt trade anymore.
You hit the highest 2, 1-2 day gainers in a year. You got them both. Odds of that are amazing. The only problem is with the 100 dollars he would have gone to 200, then gone to 600 in a 6 month period of time. I think he wants more then that.
Im not saying I dont believe you hit the 2 best gainers in a year both. Im saying you are brilliant. Okay I think you are full of crap. Send me a copy of your buy sell for those two stocks that you bought, and I will send you 100 bucks. |
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Thin Kaboudit
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4.5% daily is as close to impossible as you can come, but technically not impossible. But this would involve preposterously good luck!
You can reasonably expect to get a 10-15% annual return if you work hard and are very lucky. Many investors achieve this, (including me). Very few "traders" come anywhere close to that, and though a few make good money, the majority loose their money and slink away very quietly! |
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Sam
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I just thought like this and search the net and i find your Qestion..
"Nothing is impossible...." |
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Dave
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Sure it's possible. It would take lots of research and a certain amount of guesswork.
There are so many factors to consider about each stock that is being picked, plus the general industry and market trends, and on top of that, the odds of picking the right stock every time has all the probability rules stacked against you...
But it is possible...
P.S. I didn't check your math, but make sure you take into account transaction fees. |
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SG Elite
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Anything is possible but is remote. |
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mister ed
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you are a 100% right - but what are your chances of going in a hall of chance and picking the right number red balls 251 straight times. |
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αγάπη
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Investing in new small businesses is the closest that you will come to making percentages such as you have described. Small businesses and new businesses tend to grow quickly in their first year before they plateau. But you have to find the good ones before anyone else knows about them and there lies the hard work.
Choosing the right businesses takes a lot of research and the knowledge to understand the demand for what the business is offering.
Also if you're talking about just from the $100, then i would say its like hoping for gold to rain from the sky. If you plan to re-invest the stocks once they grow, you could get higher gains that way. Such as once your stock goes up to a specific amount, sell your shares, and re-invest the entire gain in either the same business or another stock that is "guaranteed" to increase.
Just waiting for all the shares to gain that much increase in 251 days is not going to happen. |
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REX
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If you managed to pull that off it would be amazing. But in all likely hood it would not happen at least not in a year anyway. You would almost have to make almost all good picks all the time in that time period, be able to predict the future or something. Good Luck. If you can do it I'll buy your book when you write it. |
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DebtFree
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no. you are dreaming. pinch yourself...
now, if you put $100 a month in a mutual fund from age 19 to age 60.... that can work. |
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Johnny
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you can't day trade with $100 that I am aware of. |
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lifeiswonderful
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not likely, but it is possible with stroke of extremely good luck. but if it really was that easy everyone would do it. but, hey if it works for you let me know cause i'm next |
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mbrcatz
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Sure it is! But your chances are greater, of hitting the lottery with that $100. |
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