Short transcript of a conversation (two speakers) discussing whether $10,000 can be turned into $1,000,000 in one year. Both agree it is possible but very unlikely; achieving it requires taking large, unsustainable risks. Speaker advice: avoid such extreme targets and prioritize preserving capital (first-year goal: break even).
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 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. I think if you start off with $10,000, don't focus on I need to make a million, I need to make 2 million, I need to even make you start off with 10,000. My first goal for the year is to stay break even, not even to make money.
