50 Thousand to 3 Lakhs - Thoughts

#1
Dear Members,
Is it possible to earn 3 lakhs from 50000 in a span of 6 months?

I would like to achieve this target and would want your thoughts regarding my 3 lakhs target.

Is it possible in 6 months, if not, then what can be the average ideal time to make this happen.

If not in 6 months, will it take 1 year, 2 years ?!!

Kindly give your thoughts and guide me where to start
 

goldenedge

Active Member
#2
I'm assuming that you are a beginner because you haven't mentioned 1)your risk% 2) markets you're trading.

First thing is that you should never concentrate on money goals because it adds extra pressure to "make money" whenever you take a loss.

Focus on changing your mindset.
 

Tuna

Listen and act, don't ask it, it doesn't oblige
#3
Dear Members,
Is it possible to earn 3 lakhs from 50000 in a span of 6 months?

I would like to achieve this target and would want your thoughts regarding my 3 lakhs target.

Is it possible in 6 months, if not, then what can be the average ideal time to make this happen.

If not in 6 months, will it take 1 year, 2 years ?!!

Kindly give your thoughts and guide me where to start
What is so special in 6 months? Why not 1 week? or 1 year or even 6 hours?

Anything is possible in market, you may buy worthless Options on Banknifty 1 day ago expiry with 100% of your capital and say market swing 2% in your favour due to some RBI policy. You will meet more than 50% of your target in 1 day. But the risk is - what is odd of such possibility? 1%? Else you lose 100% of your capital.

So find out first?
1. What are you trading (Cash, F&O - Stock, F&O - Index or Commo')

2. What is your risk per trade (how much you are willing to lose per trade if you are wrong)

3.What is your trading system? What is the win rate and RR of the system and the trade frequency?

4. Most importantly - do you own this system you are trading with --> did you have enough practice, what is the track record?

Once you have an answer for all this , you probably ("probably") solve the question u are asking.
 

Blackhole

Well-Known Member
#6
thats possible.....infact i did more than that during budget era (2016)...:)..swing option trading...:).please do not ask me how i lost all of it.....:rofl::rofl::rofl: gambler gambler ......on serious note.yes possible but cannot be done consistently all the time....average trading can make 10-15 % per annum on capital consistently......one off year may be 100% or more some year negative some year 5% some 20% year like that......



------- exceptional trader can do that......but then when they settle down they work on big corpus for few % returns....just with one target....CONSISTENCY..
 

Subhadip

Well-Known Member
#7
Dear Members,
Is it possible to earn 3 lakhs from 50000 in a span of 6 months?

I would like to achieve this target and would want your thoughts regarding my 3 lakhs target.

Is it possible in 6 months, if not, then what can be the average ideal time to make this happen.

If not in 6 months, will it take 1 year, 2 years ?!!

Kindly give your thoughts and guide me where to start
Yes possible.

But require eagle like approach with controlled greed & excellent money management skill
 

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