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Re: dtc post# 7259

Friday, 05/25/2012 9:05:04 PM

Friday, May 25, 2012 9:05:04 PM

Post# of 21289
Ben Franklin said the best thing to happen for making money is compound interest. If you parlay your winnings each trade at 5% you would need 145 trades if they were all winners. Granted at the end of the year you would have to pay 31% taxes on those short term gains so you may have to add a few more trades to break that $1 million barrier. But one trade per week with a 5% gain will take you about 3 years if every trade hits. I left out the fact that $16-20 per round trip trade commissions for 20-30 trades will hard also.

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