Kardec Trader says turning $10K into $1M in a year is technically possible but the odds are tiny and would require reckless risk. Better first-year goal: just break even while learning entry and exit timing, risk management, and how to actually trade.
Is it possible to make a million dollars from $10,000 within a year? It's possible, but the possibility of it is very, very, very, very small. Like, you have to expose yourself to a lot of risk. So to answer the question, yes, I think it's possible. Do I think that's the goal you should have? No. Why? Because to achieve that, you have to be able to hit big trades and put on massive risk, and it's just not sustainable. My first goal for the year is to stay, break even, not even to make money. But in that year, I want to learn as much as possible, get as good as possible, understand? When should I enter, when should I exit? Like all of these things that compile into being a successful trader. And once you get there, at that point is where you should maybe start thinking about setting percentage goals or target goals.
