How to become a millionaire in 10 months – Updated
This blogging was on:
HOW TO BECOME A BILLIONAIRE IN 20 MONTHS BY TRADING STOCK OPTIONS
HOW TO BECOME A MILLIONAIRE IN 10 MONTHS BY TRADING STOCK OPTIONS
Below are the revised rules:
FIRST THE RULES:
RULE #1 – Your monthly trading cash has to earn 100% compounded for 10 months starting with $2000 in your account. You can start with lower just add on 5-10 more months starting with as little as $300.
RULE #2 – You can only buy a stock option price out of the money or below $2 if it is right next to a known positive event (Apple Mac Expo or earnings). If not then only trade in-the-money.
RULE #3 – Your stock has to be volatile enough to move $1-3 in less than 1 trading month.
RULE #4 – You can do 1-4 trades a month for the next 10 months and your 1-4 trades will equal 100% a month. As soon as you hit your 100% goal, even with 1 trade, stop trading and start researching and practicing your next trade for next month. Try to trade less than 50% of your trading cash to do 1-4 trades making 50-100% each to reach monthly increase goal.
RULE #5 – You can not add money to your account. It makes it easier to lose money and if you don’t add money you really know where you are at with you goal.
RULE #8 – You can trade any type of option, stock, ETF, or index fund in your account.
RULE #9 – Remember to extract big gains for taxes next year. (MOST IMPORTANT RULE)
RULE #10 – Greed is a killer. So if you are 200% for the month on your option I’d consider selling and getting out of your house, turning off your internet, and accept a smaller % gain next month because you are further ahead.
IF YOU HAVE BETTER RULES, SUGGESTIONS, ADDITIONS LET ME KNOW.
I’M STARTING Nov 2006, LETS SEE HOW FAR I PERSONALLY GET!
NOV 06 : +17,000 – Pulled $15,000 out to pay off second mortgage.
DEC 06 MONTH 1: $2,000 – Down @ $1,700 12/14/07
JAN 07 MONTH : $6,000 – Up @ $7986 1/12/07
FEB 07 MONTH 3: $12,000 – Up @ $39,724 2/24/07
MAR 07 MONTH 4: $24,000 – Down @ $31, 645 3/15/07
APR 07 MONTH 5: $48,000 – Down @ $20,980 4/20/07
MAY 07 MONTH 6: $96,000 – Down @ $9,786 5/21/07
JUN 07 MONTH 7: $192,000 – Down @ $5,790 6/18/07
JUL 07 MONTH 8: $384,000 – Up @ $8,625 7/24/07 Added $2,000
Crap, I just broke rule #5.
AUG 07 MONTH 9: $768,000
SEP 07 MONTH 10: $1,536,000 @ +$26,400
OCT 07 MONTH 11: @ +21,100
NOV 07 MONTH 12: @ +1,300 (actually account amount, holy shit. Yes, I got whiped out with a very very risky trade. Knowing the DJIA was falling into the fall months would of helped a bit on not buying risky out of the money Calls for NOV 07 expiration).
Updated 11/20/07 =D So here I am again starting with $1000 basically. I’ve made my monetary trading goals for 2007 and pretty much lost it all too. Hmmm….”easier said then done” they say. But if you are a great trader, keep losses to a minimum, and you are up for the challenge you might be able to pull it off. I’m not quitting. I’ve got years ahead of me. One year I WILL BE SUCCESSFUL. I can do it. I just need to trade better and more consistent.
CONTINUE FOR 10 MORE MONTHS TO BECOME A BILLIONAIRE
DO YOU HAVE WHAT IT TAKES? DO YOU LIKE THE CHALLENGE?
Here are some positive articles on becoming a millionaire and then billionaire:
https://financeninja.wordpress.com/2007/01/14/how-to-become-a-millionaire-in-10-months-updated/
http://www.themoneytimes.com/articles/20070721/how_to_become_a_billionaire-id-106849.html
http://www.fool.com/investing/small-cap/2007/07/21/how-to-become-a-billionaire.aspx
http://www.businesslyceum.com/BAM.html?id=SarahSilva
http://ezinearticles.com/?The-Easiest-Way-To-Become-a-Billionaire&id=82914
http://search.yahoo.com/search?p=how+to+become+a+billionaire&fr=yfp-t-501&toggle=1&cop=mss&ei=UTF-8
This entry was posted on January 14, 2007 by Paul. It was filed under 2010 successful home-based businesses for under $100 a month, how to become a millionaire, stock option trading rules, trading stock options and was tagged with home-based business success in 2010, One24 online home-based business.
Paul Meyer 
I want more info on this
January 26, 2007 at 7:19 pm
James. I don’t know what you want more info on. Can you be a little more specific. goals to get to $1 million are pretty specific above already.
February 4, 2007 at 11:41 am
How are your Feb results looking?
February 11, 2007 at 1:03 am
Hi Jordan. I’ve been hitting my goals for the past 3 months up to Feb 07 presently. This month its gotten very bumby and my capital is falling. I’m hoping to bring it up some by the end of the month. If I am unable to get to $12000 this month then I just need to average higher over the next couple of months to meet my end goal. I may never hit $1 million in time, but I feel if I can even hit a small amount of each monthly goal I’ve done very well. It is possible to make $1 million in 10 months, but you have to be a damn good trader, which I haven’t been able to do yet. One trader made a very wise comment saying to be repeatedly consistent and he’s right. That all this is being correct once a month on trading your full account. Well, appearantly I haven’t been right this month and throughout a lot of my trades because if I was I’d already be a millionaire. I definitely encourage you to come back and see my progress because I know I’m only going to get better.
February 11, 2007 at 12:23 pm
Does your “Become a Billinaire in 20 months”
Still work?
And how much money did you make off it???
thanks
April 6, 2007 at 3:37 pm
Nick,
The real question is how much discipline and tolerance do you have? I definitely don’t have the discipline yet to accomplish this, but that doesn’t mean you can’t. I am at my APR 07 monthly goal of over $40,000. So to answer your question yes, but my trading is not going very well at the moment so I’m taking a big breather. This was my challenge to you. I never said I could do it, but it is POSSIBLE. believe me. expecially trading options. thanks for comment -fn
April 9, 2007 at 3:46 am
I will do this.
April 19, 2007 at 2:27 am
Doug,
Well be careful dude. You have to be a bit insane to do this and if you’ve read any of my blog the math is easy, but trading perfectly as a novice beginner isn’t easy.
April 19, 2007 at 9:11 pm
Do you Offer Coaching so that you can walk me through the process of becoming a millionaire?
Thanks
April 29, 2007 at 12:42 am
No. I don’t offer coaching, but if you are interested in a great class I could email you the information. I am by no means ready yet to teach or mentor.
May 2, 2007 at 12:00 am
I would like the information for the class if it’s still available.
July 26, 2014 at 7:24 pm
Dear ninja
Want to know how to trade perfectly in
in futures and options. it very hard to earn .
please teach me trading. i lost lots of money
in trading, and its not so easy as u say. please
advice.
May 4, 2007 at 7:50 pm
Bhavin,
I can not help you do that. You can read my blog to learn all the dumb things I’ve done, but I am no millionaire, yet. Read books and practice. Don’t trade real $$$. good luck
May 8, 2007 at 8:51 pm
hey, ninja. what stock gives you 100% compound.
where do i find some.
July 17, 2007 at 5:58 pm
mike,
Check out NTRI, AAPL, HOKU, RIMM, MSFT, NUE, and many others have done 100% just in the past 2 years and if you were doing options you would of earned over 1000% on your money.
July 24, 2007 at 8:25 am
thanks for the info.
July 29, 2007 at 4:36 am
mike,
Another stock to watch for doubling your money are oil/gas stocks expecially SWN with a current PEG score of 1.06 its showing more value as it moves down, but its overall trend shows it moving further down so I’d wait unless you are playing Puts on it.
July 29, 2007 at 5:12 am
Pingback: How to become a billionaire in 20 months by trading options, the power of compounding your profits. « a blog for the risky ambitious investor
Hey do, you have any tips for how to do the research to find the stocks that have potential to push the option up 50-100%? I bought this ebook on trading options called Turn $200 into $4630 in one month but it isn’t panning out how I planned.
February 15, 2008 at 7:18 pm
Hello.
I’m laughing at your comment, “it didn’t pan out as you thought”, very wise and very true. I don’t think any ebook for $20-50 will really teach you how to trade the market. It comes from experiences. The more experiences, the more money lost, the more education gained. Can I give you tips? No. why? You have to pay your dues. I can give you the biggest advice any trader can give anyone to get really good and realistically take $200 into $10000 within a year I’d say which is do paper trading (practice trading) seriously like its real trading. That’s what my master taught me. when I stop doing it with real trades or not I get worse and make horrible trades, the more I do it the better trades I do figuring out which stocks will move % to gain big % in options in a short move without too much risk.
That’s my answer. Read as many trading books as you that aren’t based on “earning an income as trading”, just everything else technical/fundamental/strategic/and most importantly stories/biographies.
I think one of my first books was like “Day trading for a living” it sounded great, but realistically it wasn’t going to happen for a newbie or someone that new nothing about how to interpret charts or a person without discipline.
As to make $1 million in 10 months with compounding your trades at 100% its realistic, if you are a super disciplined trader, which only 1% really are good enough to be.
“good luck” – finance ninja
February 15, 2008 at 8:11 pm
so how do i set up a brokerage account and does this really work? can i do this without a brokage account?
February 20, 2008 at 6:58 pm
drake,
first ask yourself do you need food to stay alive? can you fly without an airplane????
clearly you have not read or researched anything on trading stocks. do this and then come back.
February 20, 2008 at 7:46 pm
yo i no how to set up an account and i do know you dont allways need an broker to trade stocks some companies do have DRIps and direct stock purchase options all i am asking is having a broker the only way to perform this startigy for millions of dollars
February 20, 2008 at 7:55 pm
Pingback: to the one-a-be billionaire duschebags (if that’s how you spell it) « 2008 #1 goal = Trade Selectively - Conserve ALL Profits
LOL
June 5, 2008 at 10:12 am
moom you are telling me!!! lol!
June 6, 2008 at 10:00 am
Remember me the 14 year old genius (IQ 130) making $250000 dollars a year. I stopped doing my thing with selling electronics online after I lost my itouch. It had all my info for stuff on it.
July 20, 2008 at 12:33 am
What is the reason for trading in-the-money options in rule #2. I’ve read that before but never understood the reasonng?
What do you set your stop-loss at in terms of percentage, if you set one at all?
August 6, 2008 at 5:22 pm
I think you should stick to your own method. I came up with these rules and they didn’t work. The real thought is why do people constantly keeping coming to this page instead of reading the rest of my blog to find out what happened after this date since this is like almost 2 years ago!
August 8, 2008 at 11:07 am
Do u think this will really work.
I invested 3000$ and it took me 20 years to become a millionaire.
August 14, 2008 at 3:36 pm
I never followed your rules because they didn’t say anything about technical analysis of the underlying stock, but I did read on schaeffersresearch.com and on Agora Financial’s option hotline that they buy in-the-money options. Do you know the reason why they choose in-the-money options. Is there something about doing that that I may want to be aware of?
August 15, 2008 at 5:03 pm
Don’t even worry about the question i asked in last month. I found out why its a good idea to trade deep in the moneyoptons. Its a smart move.
September 11, 2008 at 4:30 pm
i wrote you by email. guess you don’t check it. i said in-the-money IS the right way to go and buying lots of time. refer to https://financeninja.wordpress.com/2008/09/11/how-to-become-a-billionaire-the-truth/
September 12, 2008 at 6:27 am
Oh ok! I don’t think I recieved it, but thanks for sending it. I read that when you buy ITM’s you dont have to worry about time value being the issue. Thanks, I appreciate it.
September 12, 2008 at 5:21 pm
hov,
that is true, but with options if the stock is falling or going up which ever type of option you bought with dramatically delete itself. so if you are in the wrong direction get out quick!
September 12, 2008 at 10:09 pm
Good insight! I have also been checking out option info. and I saw that very volatile stocks have options that are usually more expensive than stocks that are less volatile and steady. The reasoning is that if you have a same stock trending up steadily 10 a price of $30 and, lets say that same stock was going to $30 but it was volatile. The volatile stock could get expensive due to the fluctuations. The steady stock would continue to rise without the fluctuations. They would both get to the same destination, only one would bounce all overthe place and one would creep up inch by inch. It started making alot of sense to me. That coupled with the insight you just gave me should make for better trading.
September 15, 2008 at 5:43 pm
Hello Finance Ninja,
You’re probably getting annoyed with all of the people here asking you some pretty stupid questions.
But it’s just because you have such a good Search Engine Ranking!
I’m from Ireland and I’m 15. The last IQ test I took gave me a result of 143.
At the beginning of this year I wanted to become the richest person in the world; but then I thought to myself, “I’d hardly ever spend all of that”.
So now all I want is enough money to be able to comfortably/luriorously do everything I want in life.
The main thing I want to do is travel – a lot.
Stay in high-class hotels everywhere, do huge road trips with my friends, always have the newest technology, etc.
I have no idea how much this could sum up to but I’m pretty sure it couldn’t be more than a few hundred million.
My plan is to first make enough money so as I never have to work another day in my life – And then put it in a savings account – So no matter what happens in my life I will always be able to live on an average income without actually working.
Then my second goal is to reach the total amount of money that I think ?I will need to do everything I want in life.
I was going to start my own business[es] but since I’m only 15 I thought I have a few years before I can do much entrepreneurship so might as well have a look at stock markets and the like.
I’m just wondering how likely it is to be able to actually make 100% profit every month using the stock market?
In a completely average stock trading month, is it actually possible to make 100% profit – be it with trading, switching between stocks, etc.
December 16, 2008 at 7:58 pm
Darren,
Thanks for your comments. Yes it is possible to earn 100% a month trading the stock market using options, but probably very unlikely trading stocks. It may also be possible to earn 100% on penny stocks but they are incredibly unpredictable and usually you are always on the wrong side of the trade and the company usually doesn’t exist (so you are basically buying into the hype and selling immediately for your profit).
For some reason I get a lot of teenagers with high IQ’s telling me they work for major corporations and have hundreds of millions in cash. I don’t believe it, especially when they are asking a blogger for advice instead of a professional CFA or something.
If you want to be an entrepreneur START NOW and learn your lessons of hard knocks because business is difficult especially at 15 you aren’t in the same mindset of a 40 year old. I would have fun if I was you. Once you get yourself into real bad shit you become a different person and you’ll miss out on all the years that are really the most non-responsible free years in your life. I loved being a teenager. I surfed every day and rocked out on guitar with my friends.
If you want to be very wealthy at 18 I suggest for the next 3 years paper trading stock options and you’ll be able to obtain that dream.
Paper trading = just writing down what you think a stock will do, write down the in the money option for that stock, and write down what happens and where the stock option price goes. Were you right/wrong/why?
Look at my portfolio. I don’t update it much, but it shows you can earn 100% in the market using options monthly. If I would have started with $100k I’d be at $700k now within 5 months.
Now get to it.
-fn
p.s. can you send me the link of what you searched for to find this webpage? (search engine)
December 16, 2008 at 9:44 pm
hi,
did you know any one who did it ? It seems achievable, but imagine the situation when you are at quarter bn achieved, and you are heading to make it half billion, isn’t the risk involve withhold you as quarter bn is a good money to live.
April 12, 2009 at 4:19 pm
Ninja is a habitual liar. He just said he lost it all so that he doesn’t have to prove he ever had it.
Don’t bother flaming me, I won’t be returning to read any more comments
May 11, 2009 at 7:26 am
Dear Alex from bullshit@bullshit.com,
Why would I purposely lie about losing it all to prove I never made any of it? That makes no sense. So I would blog for 3+ years on my trades that I never did? And I would honestly say I did lose big on a trade? Why not lie and say I made a billion dollars?
Your comment is bullshit, my post is the truth, and if you actually read NEW/Updated posts you’d see I’m making steps to make sure I don’t make the same mistakes the next time I trade.
-Paul
May 11, 2009 at 11:53 pm
Hi Paul,
Is this your most updated blog about your success on the 10 steps?
Also can you email me information on a good training program you suggest?
Thanks
Amelia
June 9, 2009 at 6:37 pm
Amelia, I’m glad I was able to help you via email. The best training program for learning stocks, wealth creation, and trading is Achievers Choice Quest. I took it as a class in NC. It all comes down to discipline and following the rules. I wish I was older when I took the class. I think I’ve wised up some now and hope to achieve my own dreams and use the course this year after my full 1 year of just practicing and following the markets.
June 14, 2009 at 1:49 am
I’m annoyed about the ignorance and arrogance I see in people these days. First off, from the minors who speak with their mommies and daddies money, thinking they know all so much; hell, every time one of your comments pop up on this blog, I can’t help but to feel sorry for some of you who believe you’re so dominant in knowledge. Arrogance never allows you to prosper new knowledge, considering the mind is a contineuosly growing trait of our bodies. Neurons have an unbelievable rate of growth in a short amount of time if you allow yourself to prosper these goals.
The facts are clear. Unless you’re God, you cannot claim that these goals are not possible. Man was created in the image of God right? Regardless if you believe in God or not, you were either created in Gods image to some, or you yourself are your own God. Thus, when you analyze these traits, human species were created to eventually become perfect. Therefore, if man was created to become perfect, all man has to do, is analyze is potential stocks, the non potential stocks, figure out when the low is, and gamble off the highs within a short month.
If you claim, that this is not possible, your ignorant. You’re another ignorant, propaganda listening, crowd surfing individual who stands or float with the crowd, while open minded individuals stand at the stage, giving the audience, you, something to listen to. Something to think about. Something to prosper.
Like music, you think the hip-hop artist Immortal Technique only raps, because it’s money in the bank, and he feels as if his outspoken legacy of revolution is some sort of fantasy that will him fame, and again, money in the bank? His words are mysteriously mistaken by many. Most of those who listen, to “Dancing With the Devil,” thinking, “oh yea! Immortal Technique is raw!!! Listen to this fool! He talks about raping a bitch, smacking her upside the head, and he posts pictures of him shooting off AK’s, armor piercing bullets, and he’s got hoe’s….” This is what I imagine, that most of you who visit this blog, live in this saturated unopportunitive society, because you manifest all the possibilites, and you disregard the impossibilities. Yet, impossibilities are opportunistic in this life.
Over 100 years ago, man never thought planes could be created after the car was invented. After the plane was invented, man never thought that UFO’s could exist. Now that man has created, anti-gravitational vehicles, man still doesn’t believe that space is our destiny. How ignorant and arrogant are some of you. To sit there, to wait for the next opportunity to shun the world on opportunity and mass production of human perfection, to be able to continue this legacy Paul Meyer brought to you. To shun him, only shuns yourself of your own possibilities.
Revolution is brought to this world not in the means of guns or violence to create a difference. Revolution is brought upon, to emancipate the mind from inaccurate theories that you all proliferate, day after day, after day. Today’s de facto consensus is not to be raised upon any longer. As you can see, Paul Meyer has never given a shit what half of you have said. He still continues to breed upon the impossibilities to manifest destiny, rather than to manifest self-destruction by pondering upon de facto ignorance.
“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”
~Winston Churchill
“The most incomprehensible thing about the world is that it is comprehensible.”
~Albert Einstein
“Two things are infinite: the universe and human stupidity; and I’m not sure about the the universe.”
~Albert Einstein
July 27, 2009 at 11:14 pm
this comment above sounds totally psycho so i approved it. if i’m seriously saving the world and possibilities then the 2012 end of the world is truly near…. thanks for the awesome crazy comment!
July 27, 2009 at 11:37 pm
Hi Paul,
I noticed you recomended achievers choice quest to amelia. My cousin took the course and after 2 yrs he is retired. My question is that if you made all this money why would you be taking this course. i am looking forward to get started
September 30, 2009 at 12:43 am
who said I made all this money? i just blog (or in the past blogged) about my trades. i am definitely not retired. good luck to you going to the course. you’ll learn a lot.
September 30, 2009 at 3:01 am
hi paul meyer..
im a doctor of medicine from india…im 25 n i want to be millionaire. i hav set realistic goals..i want to be a millionaire by 35 n a billionaire by 50. im willing to learn all there is to be one so it wud be nice if u cud show me the way. i just started reading this blog today n i hav absolutely no idea abt stocks, the market or options…
December 14, 2009 at 3:51 pm
good luck. its harder then writing it in an affirmation.
March 12, 2010 at 11:50 pm
Hi, your project sounds so interesting and ambitious at the same time.it’s been almost 3 years since you started it, any latest update on it? I’d like to know any trading methods and strategies you use if you don’t mind. Thks.
February 20, 2010 at 1:57 pm
check out http://www.achieverschoicequest.com that is my answer.
March 12, 2010 at 11:47 pm
Mr Myers,
How has your trading been going?
Do you do this full time and what is your currently monthly income from trading If I may ask?
June 19, 2010 at 11:19 am
i trade when i feel like it. i’d like to trade more but significantly ran out of capital buying up real estate property.
July 1, 2010 at 3:30 pm
Hey. This is a very interesting idea. I’d like to know how you have made out. Have you reached your goal? Its been about 3 years since you wrote this.
June 21, 2010 at 4:11 pm
i have around $500 in my account now. just made 100% on a QQQQ trade in 1 trading day for june 10′.
don’t trade much and focused on school.
July 1, 2010 at 3:29 pm
I will do it, and if I don’t achieve it, it will be your fault.
Nah Im kidding but do you have other forms of contact? I have a question, so then you say per month I musn’t risk trading more than 50% of my cash and ONLY do between one and 4 trades a month right.
July 1, 2010 at 2:32 am
GOOD LUCK. only the most disciplined survive especially with my crazy rules i made for myself, which don’t work if you suck at trading.
July 1, 2010 at 3:27 pm
I personally was able to turn $4,000 into $18,000 in a day trading options. (Spring 2010).
After paying a few bills. I was at $14,000. Traded that u to $20,000 in a week.
Then…THE FLASH CRASH. Situation:
I’m in a car on the highway checking my positions via blackberry. I’m Long Options on Financial stocks.
Flash Crash Drops Dow 1000 Points! In 15 min.
Options Down $7000
I reverse my position to Short the market via put options on the financials.
THE DOW REBOUNDS 900 Points! IN 15 Min!
Since I’m now short, I get crushed on the upside!
Options Down $7000
Left with $4,000.
TWO weeks Later.
I take $2000 and over the next month Trade that up to $20,000 Via Options.
Volatility is your friend and your foe. If you want to know more email me.
August 27, 2010 at 2:53 am
i’m hearing BULLSHIT! =) personally if you did that you wouldn’t soliciting your services. i surely don’t. you don’t need to show anyone when living a lifestyle of $20,000 a month. good try.
October 4, 2010 at 8:39 pm
Hey Finance Ninja
I think your main problem is you have no grounding in gambling theory and its most important element, bankroll management. You never want to bet more than about 5% of your bankroll on a single bet. The reason you keep gettng wiped out is you arnt leaving enough in reserve, each trade should be no more than 5% of your initial starting capital, your better to start with $10,000 and never trade more than $500 at a time. Once you build your capital to $20,000 you can then trade $1,000 at a time.
Options are a great tool for money making and 100% is possible on occasion, however you are pushing too hard. Trades will go against you and you need to have the discipline to not risk your entire capital on any one trade.
Good Luck on your Billion dollar quest.
November 16, 2010 at 1:23 am
Andrew well thought comment. You are on the money.
November 16, 2010 at 1:40 am
hey… I just did some calculations and here’s what i think. Initial data: contract size -50, initial margin – 20000, daily volatility > 20 points.(i’m talking about nifty index in india and all the above is average data)
So therefore if you are able to earn 20 points a day(therefore 1000 points on the whole contract) in the futures and you’ll double your margin in the first month and so on and so forth. You should reinvest your margin money. And a million is easily possible.
I dont know about the other indices but nifty easily moves 20 points a number of times during the day.:-)
tell me what you think
March 26, 2011 at 4:51 pm
20 pts is a lot. you can earn a million with a great deal less if you are continually earning between 50-200% on your option plays starting at $2,000 to trade continuing to trade 100% of your account.
April 20, 2011 at 6:38 am
And if you are able to do all the above then the final amount left with you will be 81.9 million. 🙂 🙂
March 26, 2011 at 6:09 pm
you are thinking of 20$ but i am saying 20 rupees(half a dollar). Put that into perspective and tell me what you think … one dollar is 45 rupees
April 21, 2011 at 10:00 am
hey I really like this blog since I am getting into trading myself, I have been reading Learn to earn, written by peter lynch and I am reading trading for a living by alexander elder at the moment, I know various ways of analyzing charts and balance sheets and I really hope to get a good track record, I am 17 at the moment and I am currently looking for a job to raise capitol to start my trading when I am 18, I paper traded equities for a while and I already learned a lot from that. I am going to trade futures as well and I might make a blog like this as well, so yea I just want u to know that there are various techniques to hedge and reduce ur options like a bull spread put/call so ye just try to find out some tactics and get back in there 😉
August 5, 2011 at 2:53 pm
I have no clue buddy. I trade the stock market with a very non-opinionated simplistic thinking pattern. Keep reading the books. They will help you become your own artist in the stock market. KEEP paper trading – never stop.
August 24, 2011 at 5:05 pm
So since u are a futures trader, how much difference from the actual price do u usually write ur contract ?
August 11, 2011 at 7:37 pm
i’m NOT a futures trader.
August 24, 2011 at 5:04 pm
Are you divorced by now?
October 24, 2011 at 7:00 pm
hahaha. i didn’t realize i was ever married. it must of been a really great night in vegas.
btw how is honolulu, hawaii? i miss that place.
October 24, 2011 at 7:32 pm
I took Wall Street Basics a couple years ago through the website http://www.achieverschoicequest.com/. I just started trading real money earlier this year.
I tried to look at the website today, and it doesn’t seem to be there any more. Do you know what happened to it? Did Gary stop offering the online seminars?
August 4, 2012 at 9:25 pm
It’s possible Gary just got tired of teaching. I know when I took it with him in person/Denny’s sessions 2002-2004 he was talking about retiring from it and having a successful student teach it. You would think a website is automatic without any involvement for people interested but maybe he’s just finished and moving on. Anyway keep practicing! The markets keep changing.
August 4, 2012 at 10:01 pm
Pingback: Redeemed myself today – VERY risky Apple (AAPL) trade +248% – Back in the game! « Paul Phillip
I agree with that it is achievable. Those who are trying to blame you here concerning your experience, in my opinion, I think that trading is not their job. If it was really their passion, they would avoid trying to blame you or qualifying you as a liar. Because a good trader must be armed in his mind coming in the forex market that there is a law therein that must be accepted. Without accepting it, there is no way to expect success. Do you know that those who are blaming others in their business trading, they have lack real confidence to themselves and even when tell them the truth, they are already condemned themselves in their mind that they are just the losers in the market field and nothing good can from there. Please, my best advice is that don’t waste your precious time with this category of frustrated traders, but go ahead and help those who can follow you and learn from your experience as it their passion and motivation as well. God bless you for sharing this experience with us
January 5, 2013 at 10:46 pm
Thanks for your input Aime and stay focused on your currency trading.
January 5, 2013 at 10:56 pm
Gary is teaching the classes live again. He has been for a while now. They are called Survival Weekend I, II, III. He did private coaching with a lot of students while the class was only offered online and learned what was and wasn’t working from what he was teaching. The class is completely revised and now the information makes a lot more sense.
March 1, 2013 at 3:38 am
thanks for the update Alden. i’m still a major student that took it 3 times in a row and completely flunked out no matter how much i practiced for years and followed my intuition (the art part). i’m sure someone will have enough luck in their probabilities trading to make a million and retire in their 5 year plan.
March 1, 2013 at 5:55 am
What’s up colleagues, how is all, and what you would like to say regarding this post, in my view its truly awesome in support of me.
July 25, 2013 at 2:31 am
great post,i only trade SPY,AAPL and VIX weeklies basic buy/sell calls/puts nothing else,all i need is the open tick…every trade is done between 9:30 and done by 11am-12pm,only daytrade no overnights!!! Risk leveraged by my own theory.One of the most riskiest and self slaughter styles of trading.Once you master it sky is the limit,no joke here,i don’t care for any ones doubts.Thousands are on the table every given day…EVERY DAY
Keep it gangsta folks
great post tho ninja GL
January 16, 2014 at 1:34 am
I haven’t traded for over a year now I think. I just watch and read what’s going on to stay in the loop. You are definitely correct to be in and out before the second half of the day BUT from my own research sometimes the easiest trades are always when the market makers come back from lunch and less focused and trying to sell off into the close. I’ve also made more money between 3:30pm overnight selling out before 10am and trades after 2pm than between morning chaotic amateur hours. However, if you are fast and you are taking a small chunk on a being volatile trade you can definitely do well too. good luck bro. don’t die like I did.
January 16, 2014 at 2:47 am
one needs to learn and master the discount periods and never ever ever and ever become cocky thinking you better then market.Huge discounts are on the table every Th/Friday…discount periods are the best on weeklies all you need is a very minimal position ….as much as you probably spent on gas to fill up your 13-18 gallon tank last time you filled
and finally +10% is there every given minute and you know that and no bull there are 1000%+ on Fridays on SPY
now please use your imagination…
February 3, 2014 at 12:21 am
Hey there, this is my plan as well, but I only want 32 mill
October 6, 2017 at 4:50 am