SPDR S&P 500 (SPY)

[AnG5640]

I’m starting an experiment..... A trader tweeted that if you start with $.01 and double your balance every day, you’ll have $1M in 30 days. The math works out, but really, I’m gonna go ahead and say it’s near impossible.

So, I was playing with some numbers....

- If you start with $100, and increase your account balance by 4% each day you trade, you’ll have $1M in 235 trading days

- Same scenario, but starting with $200, and you’ll have $1M in 218 trading days

- $300, $1M in 207 trading days

- $400, $1M in 200 trading days

- $500, $1M in 194 trading days

Why does this sound so easy?? Lol...

I’m gonna start with $200 for my experiment. It will take me longer because I can’t trade every day, but that’s ok. The rest of June is pretty much dead for me as far as trading goes, so my experiment will prolly start in July. Gonna get my $1M someday, haha!!