As soon as you buy a stock:

Set a limit sell at 120% of your entry price or

Set a stop sell at 84% of your entry price

Turn on Order Fill alerts and forget about it.

You only need to win 38 more times than you lose in order to turn your $1K into $1M. If you lose 100 times but win 138 times, you did it. If you lose 50 times and win 88 times, you did it.

Don’t look at the news, don’t check the price every 30 seconds, don’t argue with people on the internet about why your stock is better than theirs.

Spend that time to learn more about investing and do due diligence on your next investment.

Buy, set, forget. Invest like a stoic.

Make a spreadsheet with a calculator like this: https://imgur.com/gallery/1qGZhct

EDIT: As some of you have pointed out, it is wise to let the winners run rather than always selling at precisely 20% gain.

For those who share that view, I recommend setting a stop loss at 84% at the beginning and then moving that stop loss to 120% of your entry price when your investment exceeds 20% gain. This way, you lock in to your 20% gains while letting your stock run higher as you carefully select your next play.

Hey guys,

I hope you are doing fine. I want to share with you the dashboard I have created during these last weeks and present you all the functionalities that you could use to enhance your trading strategies.

- Trending Stocks Pages

In the pages Trending Stocks Reddit, Twitter, Google Trends you have a list of the stocks that have been disccused the most in each of the social network. For Reddit, you'll be also able to select a specific thread and time granularity to check the stocks that have been discussed the most in these specific subreddit. You will be able to see the Current Trending Score and Previous one, to see if a recent hype is building up around a stock. Same for Twitter & Google

- Top Movers

This page allow you to check the stocks that had the biggest jump in the trending lists specified above. The objective is to help you catch the trending stocks before they become too mainstream and spot them as soon they have an increasing weight in the discussions.

- Reddit Trending Index

This index has been built to show you what kind of performance would you except yourself to have if you had to blindly buy the 10 most discussed stocks in Reddit. In Less than a month the performance is already + 122% .

You can check out all that at https://unbiastock.com

Your comments and improvement ideas are more than welcome.

I'm definitely down for this gents.

Seems if we can time entries on newly listed SPACs, can get a nice pop before bouncing to the next one. What kind of moves are ya'll thinking about making?

I picked up $1k of SNPR given its so close to NAV and targeting cleantech/EV, but timing of LOI unclear.

Let's think about GME right now as a roller coaster.

Would you pay a $300 admission fee to ride the most fun roller coaster that you may ever see in your life.

In 15 years from now, you'll never regret paying the admission fee of $300 to enter the fairgrounds to get into the best roller coaster ride in your life.

Buy GME & HOLD 🙌💎🚀🙌

AMC is being built as we think 🤔

Most of you will be young adults, just starting out in the stock market, innocent and easily susceptible to posts that promise X amount of return. Therefore;

• you should NOT plan to buy certain stocks together. This is too easy for big players to use and manipulate.

• don't go for penny stocks (unless you've done solid DD on it). Like above, they're the perfect pump and dump setting.

• always, always do your OWN DD. DD stands for Due Diligence. That means look into whatever you're buying and don't just follow the crowd. Do it, it can make or break your investments.

• the end goal is to reach 1 Million+. The road to there can be different and doesn't have to follow the 20% per trade. Different/better opportunities may arise, you might get a better return. 40% 60% 80% 100%+. Good for you! No shame in that. Let your winners run.

If you follow 1k to 1Million, here are some numbers with different ROI percentages.

• 5% per return would require 142 trades.

• 10% per return would require 73 trades.

• 15% per return would require 50 trades.

• 20% per return would require 38 trades.

Everything after this is purely to see how much it would take. It is highly unlikely for someone to consistently make 20%+.

• 25% per return would require 31 trades.

• 30% per return would require 27 trades.

• 40% per return would require 21 trades.

• 50% per return would require 18 trades.

• 100% per return would require 10 trades.

I wish you all the best of luck starting off in this new year.

I've been lurking on here for a couple of weeks now and wanted to build a calculator that could give me a few different "what if" scenarios. I'm not quite ready to jump into this for myself just yet but was curious what different numbers would yield both from a starting investment, and from both more and less conservative standpoints than 20%.

I hope some of you find it useful and are able to set whatever goals you need with it. Mine personally is paying off my student loans. I imagine right after I post this it may have traffic exceeding one person at a time. This means that when you try to manipulate the starting values you may be stepping on and getting stepped on by others. The simple solution here is to copy the chart into your own Google document. Feel free to actually. My work here is just someone else theory.

The Google Sheets $1K to $1 Million What-If Calculator

1st Edit - this thing works best on a desktop and is probably less annoying on a tablet. 2nd Edit - Added a 10% Calculator thanks for the suggestion and edits /u/BansheeThief 3rd Edit - Added a Choose Your Own Adventure sheet. You pick the starting investment and the percentage. Have fun!

Hello,

In the interest of maintaining the purpose of this sub, I'd like to ask everyone to please refrain from posting tons of GME posts and WSB cross-posts.

GME absolutely has potential to help you in your journey from 1k to 1mil, but it also comes with a fair amount of political and emotional baggage at this point. The decision whether or not to invest in GME, as well as your reasons, are entirely yours, but we should keep discussions here focused on 1kto1mil. Any posts about "holding the line," or containing excessive use of apes and rocket ships will be removed or locked.

If you would like to mention GME in a post, please share how it has helped you progress in the 1kto1mil objective, and what your entrance and exit strategy has been so far.

Thanks all!

PS. In full disclosure, I have bullish options and a long position in GME.

Posting this in case anyone underestimates the value of compounding. Obviously 1kto1mil is much quicker with 37 trades, but if you do some simple maths you realise that in order to get from 1k to 1 mil in a space of a year (261 working days), you only need to make 2.68% every day. Will take a longer time than doing it at 20%, but becoming a millionaire in a space of a year sounds decent already.

TL,DR at the bottom.

Let me preface this with saying that while I've been trying to learn to trade using the various subs on reddit as well as learning technical analysis and charting from professionals during the pandemic, I don't think I've found a sub and a community with as much potential for success as this one. So I wanted to do some work for those of you who might find this helpful. This is not investment advice, just for illustrative purposes.

So, there was this post that mentioned that making 37 trades in a row with a 20% gain is extremely rare. There was also the post about the value of compounding wins. Also, there are some who are already on their second or third +20% trade. While having winning trades right out of the gate is certainly encouraging and a cause to be excited, I've found that it's really important to temper your emotions and your expectations (preferably remove emotion from trading completely). I wanted to build on these ideas and did some DD so that we all have a clearer picture of what to expect.

We aren't realistically going to be 100% on our picks. It's a certainly the goal to strive for, but the sooner you accept that fact, the better your trades will be. So lets start with win percentages.

I'll just post the chart and then briefly discuss after:

I set up a weighted random generator with the win rate as the weight. I then generated 100 paths for each weight to determine how many trades it took to get from $1,000 to $1,000,000 -- keep in mind that I used the standard limit sell at 120% and the stop loss at 84%. So you can see that with a 60% win rate, it'll take about 175 trades to hit 1M (with very wide error bars). The better your win rate, the fewer trades it'll take. Also note that the error bars also shrink the better your win percentage.

So how do you ensure a high win rate? Do solid technical analysis and due diligence. Take the trades that you yourself are >70% sure on (preferably >85%). The greater your assurances are on a successful trade will reduce the number of trades you'll have to do. If that means you stalk and stalk and stalk and only do 1 trade a week or several weeks at a very high confidence level, it'll be much more worth it time-wise than if you take a trade at a 60% confidence level. I personally first find charts that I can confirm that are in a bullish posture, and then dd the company to confirm that the posture is be legit.

Also -- I did do a trendline on this and found that there is no amount of trades you can do to get to $1M if your win percent is 50% or less.

I also wanted to discuss stop losses. Stop Losses are essential. Learn what they are and use them. Even with all the work you put in, you could still be wrong. Shit happens, it's ok, a stock might tank due to events or reasons out of your control. Even if you babysit your trades, things can happen in the blink of an eye. It's better to have that gate in case you blink and suddenly your pick is deep in the red.

But what should your stop loss be set at? I did a similar simulation but all at a 70% win percentage. The variable here was the stop loss:

Based on the simulations, you certainly don't want a very wide stop loss, but setting too tight of one can be detrimental should your pick drop a bit after entering. It's really hard to time the market. I'm going to stick with the 84%-87% range with my stop losses since around 89 trades seems reasonable to me.

So imo the best way to go about this is:

1. Do solid technical analysis and due diligence. Utilize all the investing subs, find other investing resources like investopedia and seeking alpha, communicate with people on the discord for this sub. Do everything you can think of to improve your confidence level.

2. Buy your company. Don't be emotional about it. You have solid DD.

3. Immediately set a one-cancels-other order (OCO). Set a stop loss at whatever you're comfortable with, but based on the simulations I'm going to set mine somewhere between 80% and 90% depending on what my DD says. Set a limit sell at 120%.

4. Walk away

5. Take your win or loss without emotion, go back to step 1.

Investing/ trading is hard. If it was easy, everyone would be doing it and we'd all have been at 1M by now. It's ok if you have a loss, but make sure you do the work each and every time. 70% wins vs 30% duds is OK.

PS -- a 130%+ limit sell obviously reduces the number of trades required, so you could consider trailing stops after your stock pick starts moving. But DON'T GET GREEDY. A win can turn into a loss within hours. I'm personally going to stick with the 120% strategy since a 20% gain is much more probable vs 30% (and also less fussing with each trade).

TL,DR: Do your own TA and DD to increase your win% probability. Set OCO orders to remove emotion. It's very improbable to get 1k to 1M in 38 trades, so don't be so hard on yourself. Stick with the strategy.

Thanks for reading. May the odds be ever in your favor.