Pages:
Author

Topic: BECOME A MILLIONAIRE OPEN PROJECT: Turn 100$ into a true life. (0/100 COMPLETED) - page 12. (Read 20068 times)

hero member
Activity: 560
Merit: 500
I will follow your "diary". It would be great if you make your dreams reality.
member
Activity: 115
Merit: 10
This troll is incredulous he got so many legit responses to his obvious lolpost. Keep on keeping on Speculation.
hero member
Activity: 1666
Merit: 565
sr. member
Activity: 378
Merit: 250
This speculation forum is such a shithole these days.

Find a job you like, work hard, and save. Gambling is an expensive (and sometimes dangerously addictive) form of entertainment, not a way to make money.

 Daytrading is a less fun, more stressful version of gambling with even worse odds (unless you are in the top few % of competence, which you aren't. Don't worry, I'm not either, and I was a math ace in college)


100X as a math ace, you should know everything about probabilities. I'm just saying that right now probabilities of getting my objective are much higher than 1/16384. This is not gambling in my country friend Wink


This IS gambling. What makes you think you have more than 1/16384 probabilities to win 14 in a row without experience ? IMHO you have less than one in a million but I'm not math ace  Grin
You can try your way but anyone has more chance to win in a casino than successfully trading without experience. And your posts show more inexperience than competence.

Anyway, if you only lose $100 it's not the end of the game for you, it's not like others who bet their house.
And I'm curious to see your trades.
member
Activity: 65
Merit: 10
Also watching.

As others have pointed out though, winning 14 times in a row is pretty hard, you should plan for more than 14 trades and pull out a bit if you would get a lucky streak. Say you get 6 initial wins, which would put you at $6,400 take half off the table and resume. This strategy would take a few more trades overall, but if you get wiped out in a bad move, you are still ahead.

Myself, I have used the trade until doubled and take 25% rule. For instance, you initially risk the entire $100 until you hit your first doubling of $200, then take 25% of it off the table, or $50. Going forward you then risk the remaining $150 until you double it to $300, and again take 25% in this case $75. After this second doubling you are left with $225 to risk, but already have your initial investment back and still ahead ($125) and risking basically profit going forward. Keeping this strategy g would mean 20 doubling's, which would put your balances at $500,000 in the bank and $500,000 to keep playing if you wanted. Note I use the term doubling rather than trades, as it is unlikely you will be able to double in one trade, especially as your balances grow. It may take several trades winners and losers, but the goal is still the doubling and only at that point do you siphon a bit of the winnings off the table.

I have yet to become a millionaire using this method, but overall I am quite ahead of where I would be without it.


Thanks Number6. Maybe in a year my mentality will change, but right now the MM plan is to reinvest always. I will get back my 100$ at some point, but the rest is gonna be to reinvest until 14, no matter the size is.


This speculation forum is such a shithole these days.

Find a job you like, work hard, and save. Gambling is an expensive (and sometimes dangerously addictive) form of entertainment, not a way to make money.

 Daytrading is a less fun, more stressful version of gambling with even worse odds (unless you are in the top few % of competence, which you aren't. Don't worry, I'm not either, and I was a math ace in college)


100X as a math ace, you should know everything about probabilities. I'm just saying that right now probabilities of getting my objective are much higher than 1/16384. This is not gambling in my country friend Wink
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
Right now I'm waiting to buy BTC at a lower price, at 200$-230$ it would be a good entrance. By then, the plan is to made 100% return investiments in BTC, trading cryptocoins. The main problem should be the low volume, but I will solve it. My long term prediction is that, by a couple or three years, bitcoin will become more mainstream and the price could easily go to 10,000$.

I admit it, maybe at 13 double, I would split the investiment and go for 15 rows Cheesy Cheesy
First of all don't wait for $200-$230 to buy because i very much doubt it will go that low, the price right now is about the cheapest you will get for 2015 IMO.
What is your reason for thinking it will go mainstream in 2-3 years, and then to $10,000?
Another thing is you already said you admit you would probably split the investment when you get to 13 double, what is stopping you from splitting it at say 8 doubles, still a nice profit.
sr. member
Activity: 490
Merit: 254
Also watching.

As others have pointed out though, winning 14 times in a row is pretty hard, you should plan for more than 14 trades and pull out a bit if you would get a lucky streak. Say you get 6 initial wins, which would put you at $6,400 take half off the table and resume. This strategy would take a few more trades overall, but if you get wiped out in a bad move, you are still ahead.

Myself, I have used the trade until doubled and take 25% rule. For instance, you initially risk the entire $100 until you hit your first doubling of $200, then take 25% of it off the table, or $50. Going forward you then risk the remaining $150 until you double it to $300, and again take 25% in this case $75. After this second doubling you are left with $225 to risk, but already have your initial investment back and still ahead ($125) and risking basically profit going forward. Keeping this strategy g would mean 20 doubling's, which would put your balances at $500,000 in the bank and $500,000 to keep playing if you wanted. Note I use the term doubling rather than trades, as it is unlikely you will be able to double in one trade, especially as your balances grow. It may take several trades winners and losers, but the goal is still the doubling and only at that point do you siphon a bit of the winnings off the table.

I have yet to become a millionaire using this method, but overall I am quite ahead of where I would be without it.
hero member
Activity: 784
Merit: 500
Bahahaha thanks for the laughs kid.

How will you double 14 times without leveraging? 
copper member
Activity: 924
Merit: 1007
hee-ho.
this thread grows fast

Hahahaha easy brother! Cheesy Cheesy I know that this forum is full of scammers asking for money.

I don't want the money of anyone, I just want to share my knowledge. It's normal to don't believe me right now, but if you start believing me at 5th or 6th round, you will get few money. Wink

Regards, Askenaz.

fair enough. try and multiply your 100$ if you want.
sr. member
Activity: 378
Merit: 250
I'am just going to leave this one here: https://www.youtube.com/watch?v=a231RLKyfPw


I've said that I don't want the money of anyone. I'm just gonna post my investiments, if you believe me OK, if you don't believe OK too. I'm also tired of last ridiculous ponzi schemes.

Regars, Askenaz.


I wish you good luck with your investments  Smiley

But I agree cryptos are not "very easy" to trade. If you really want to get millionaire maybe you could review your "get rich quick" scheme. Millionnaires earned their fortunes in years or decades, not months. You should plan you losses, too. Even Warren Buffet don't win 14 times a row.
legendary
Activity: 1414
Merit: 1000
Cryptocoins are not "VERY EASY" to trade. Unless you are an insider scammer. Sorry to burst your bubble.
full member
Activity: 129
Merit: 100
Now I finally understand why I love bitcointalk.
The fact is that I love noobs. And here there is just an endless supply of them. Cheesy
full member
Activity: 413
Merit: 100
https://eloncity.io/
Are you that Nigerian Uncle I never knew about who keeps emailing me??

THANK YOU!  I have neglected to answer your emails, and want to invest whatever it takes to help you recover your millions, at my benefit as well of course..

But, unfortunately I am short of cash at the moment, so if you email me your SSN, VISA account information including expiration date, full name and three diget code on the back,  I will get back to you on the details later...

I am sure you understand...

Cheers!
member
Activity: 65
Merit: 10
I'am just going to leave this one here: https://www.youtube.com/watch?v=a231RLKyfPw


I've said that I don't want the money of anyone. I'm just gonna post my investiments, if you believe me OK, if you don't believe OK too. I'm also tired of last ridiculous ponzi schemes.

Regars, Askenaz.
full member
Activity: 336
Merit: 100
Don't be stupid. You're only 19? Take the $100 and invest it into a Vanguard low cost index fund. By the time you're 65 it will be worth a small fortune. Of course, as you get older your experience will grow and you'll also make much more than $5 an hour. Then you take that money and add it to your savings. You'll thank me later.
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
sr. member
Activity: 266
Merit: 250
member
Activity: 65
Merit: 10
member
Activity: 65
Merit: 10
Right now I'm waiting to buy BTC at a lower price, at 200$-230$ it would be a good entrance. By then, the plan is to made 100% return investiments in BTC, trading cryptocoins. The main problem should be the low volume, but I will solve it. My long term prediction is that, by a couple or three years, bitcoin will become more mainstream and the price could easily go to 10,000$.

I admit it, maybe at 13 double, I would split the investiment and go for 15 rows Cheesy Cheesy
legendary
Activity: 1400
Merit: 1050
Pages:
Jump to: