20k to 95k in 4 trades (Update)

20k to 95k in 4 trades (Update)

I have heard all of the advice in my reddit comments, both the positive, negative and everything in between. And I want to thank you for both the love and hate. All is welcome. I love proving the haters wrong.

Some common questions I’ve gotten so far I want to address before

  1. This is a Roth IRA so it’s tax free

  2. I am not new to investing and trading. I’ve been losing for the last 4 years.

So without further ado.

Here is my plan to turn 20k into 1 million.

I am already 12% of the way there.

Currently I have my entire position in a stock that I believe in for the short term/long term.

I believe that what I am invested in now will get my account to around $200k+.

I will then sell all.

From there I will take the advice of the many and section off 80-90% of it and put it in safer long term investments. I will then day trade the roughly $20k and look to make anywhere from 2-5k a day.

How I plan to make 2-5k a day?

Well over the last 4 years I have finally developed a winning strategy in day trading. That allows me to have an 80-85 percent win rate.

This conservative strategy will allow me to slowly grow my to close to 500k over the majority of the year. From there all I need is 1 more big trades in a small or medium cap company that will return a 2x.

By this time next year I will have completed my goal of become a millionaire at 20 years old.

I will keep this community updated on my progress.

Is this realistic or am I delusional?

Feel free to ask me questions in the comments.

Let’s get it!

20k to 95k in 4 trades (Update)

I have heard all of the advice in my reddit comments, both the positive, negative and everything in between. And I want to thank you for both the love and hate. All is welcome. I love proving the haters wrong.

Some common questions I’ve gotten so far I want to address before

  1. This is a Roth IRA so it’s tax free

  2. I am not new to investing and trading. I’ve been losing for the last 4 years.

So without further ado.

Here is my plan to turn 20k into 1 million.

I am already 12% of the way there.

Currently I have my entire position in a stock that I believe in for the short term/long term.

I believe that what I am invested in now will get my account to around $200k+.

I will then sell all.

From there I will take the advice of the many and section off 80-90% of it and put it in safer long term investments. I will then day trade the roughly $20k and look to make anywhere from 2-5k a day.

How I plan to make 2-5k a day?

Well over the last 4 years I have finally developed a winning strategy in day trading. That allows me to have an 80-85 percent win rate.

This conservative strategy will allow me to slowly grow my to close to 500k over the majority of the year. From there all I need is 1 more big trades in a small or medium cap company that will return a 2x.

By this time next year I will have completed my goal of become a millionaire at 20 years old.

I will keep this community updated on my progress.

Is this realistic or am I delusional?

Feel free to ask me questions in the comments.

Let’s get it!