What is the 100-10k trading challenge?

Asked 3 years ago

Hi, I've caught a whiff of the challenge, and I'm wondering what it is about. Is it a day-trading challenge, a currency/forex trading challenge, or a long-term stock trading challenge?

Sammy Mcgee

Tuesday, July 06, 2021

The idea is to turn $100 into $10,000 in the stock market. It is absurd. Why? The commission fees alone will eat into the $100.

Plus, the way the market is right now (at all-time highs), you would be lucky to earn a buck or two with $100.

It is safe to say that 99.9% of the people participating in this challenge will not make it.

I read somewhere that somebody was going to trade options with $100. But this is like giving Wall Street a donation because the money is just through money down the drain.

You're better off saying that $100 and waiting for a significant correction in the market to make some moves.

Andia Rispah Igobwa

Monday, April 25, 2022

The 100-10k trading challenge is where you try to turn $100 into $10,000 in the stock market. It is absurd because of the commission fees and the current state of the market. Almost no one will make it. It is better to wait for a significant correction in the market to make some moves.





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