UPDATE — Revised my rules, click here to goto new updated blog on this challenge! RULE 6 — YOU CAN NOT BE IN AN OPTION TRADE MORE THAN 4 BUSINESS TRADING DAYS. RULE 9 — EXTRACT MONEY TO PAY TAXES AFTER MONTH IF YOU HAVE BETTER RULES PLEASE COMMENT THEM IN BELOW AND LET ME KNOW IF YOU ARE UP FOR THE CHALLENGE OR ONE SIMULAR.

DEC 06 MONTH 1: This entry was posted on November 27, by Paul Awol. It was filed under how to become a millionaire , money management , One24 Online home-based business , trading stock options and was tagged with how to become a billionaire , how to become a millionaire , http: LOL — you are really stacking the deck against getting to any of the goals.

I am sure there are people out there who managed to go from a few thousand to a million in that time frame. But they probably would do a lot of trades per month.

Even doing a trade for hundreds of millions in index futures is tough. But it is interesting to think about. Getting to 1 million would be awesome, getting to 1 billion would make me a lion of the stock market. I know it is not a lot of money but could you please help me in investing it in Options. Your strategy seems to be foolproof and maybe I can increase my wealth just a little bit. Hi Jordan and thank you for your comment. I feel I can do it if I just stay on track and only trade 1 trade a month and really put all my learning into that 1 trade a month.

You can search the internet and find out all about odds. You are just a loser and it shows in your comments. Just eat your own negativity and enjoy it. Thanks, plese send me back aan answer. The answer mario is do you have what it takes to not just have billions but trillions. How can you make a billion before getting out of highschool? Being older then you and out of highschool can I ask what problems are you facing now that you need to be a billionaire so early in life?

I could help you if you are willing to learn, but you must have a super IQ, a lot of money capital, and a LOT of free time to practice trading heavily. Even all this will likely not make you a billionaire. Do you know how many billionaires there are?

Not many, being a millionaire first is more realistic even at 15 if you have the will and motivation to be one. I say go for it, but you better have a plan BETTER than mine currently.

Could you help me? I have been making this much for 1 year. I made this money myself. I made it in an online electronics bussiness. I have plenty of time to practice. I am only 14 and in 8th grade. Could the practicing be done over a webcam. I have plenty of time for that and I can handle any practice. My parents would be fine with having the account. How am I suppose to help a 14 year that has earned more in 1 year if true then I have in my entire life so far. I am serious and sorry about the mistake with my IQ.

It is only , i am still very smart though. I am typing on an Itouch, the keys are very close together. I am a little busy with school and bussiness right now. So i cant start for months. Sorry about the mistake, my iq is only Everything else is true though. I am not in a hurry to start. But give me your phone number and we could do some bussiness. My email is ————. I am kind of bussy with school, bussiness and other things. I could start in about months.

I can handle buying, trading and selling stocks. Is there anything that i should study, before i start. Could you send me a copy of your revised rules.

And i did read your blogger page and current networth. If you would like a seminar on trading options one I attended and recommend is offered now online at http: It is not advertised. These classes at first glance might seems a bit too simple and almost 5th grader-ish well you are in the 8th grade can I ask why you are even in school if you are smarter then college students? Anyway they are VERY powerful wisdom classes. If you want to gain true wisdom and knowledge of obtaining more wealth as you want to then take these online classes and buy the CDs.

He has been through a lot like me and worked his way up through research so he knows his stuff. His online classes are intense so you would need FULL days to consume them because they have a time limit on them just as the actual physical classes did. For example each class I went to was every other Friday I had to drive 6 hours to get to it then it lasted 6pm to 1am then I had to drive all the way back home and do this 4 more times total of This is how dedicated I am to my education in the stock market.

You can buy all those books on amazon. At your age besides your high IQ for learning you should be able to consume it really quick. At your age I was fixing and repairing surfboards to sell to tourists for a small business! Thanks for the book and seminar recomendations. Although I would be the youngest person in my family to get a GED anyways. I Could get mine before my 19 year old cousin gets hers.

I used to run a lawnmowing bussiness when i was I used money from that to start a web design bussiness. Then i invested that money in my electronics bussiness. Now i am ready to take the next step on my path to becoming a billionaire. What is the best stock or best type of stocks to buy now?

Options Trading Basics aka How To Trade Options - Timothy Sykes

I LIKE YOUR POST AND ALL OF YOUR COMMENTS. IVE USED ALL SORTS OF WAYS TO BECOME EXTREMLY WEALTHY. IM AN INVESTOR OF GOLD MINE COPPER MINES SALT MINES IRON ORE MINES. AND ITS LIKE YOU SAID FIANANCE NINJA YOU HAVE TO LEARN ABOUT WHAT YOU ARE DOING. TO GET THE RESULTS YOU ARE LOOKING FOR.

I agree with you totally. I made this page 2 years ago and still its the 1 searched page instead of learning how to make just a beginning amount of money.

The way we did. It goes back to the old saying. Give a man a fish he eats for a day. Teach a man to fish he eats for the rest of his life. So instead of giving people money. We will teach them how to get rich. You could start to see wealth within 2 years where you could quit your job. We all have to find time to do it.

How to become Rich millionaire by trading Stock options

HI, this sounds very interesting. But I am not brave enough do try it on my own, without anybody helping me getting everything right. So here is my request, could you take me by the hand and help me step by step? I want to be a billionaire, not a mere millionaire. Thanks for your time. Ummm, If you are not brave enough to trek out there on your own and learn how to do things, then i am afraid you are NOT cut out to be billionaire status.

So, seeing that time is almost up for you sir, how much money have you made so far in our down economy? I have a quick question as well, I am 17, and want to be a millionaire in one year. Does this sound releastic to you? Is this goal realistic? UNLESS you can sell cars at 17 and sell 1 car a week. Are you extremely attractive? It helps selling things. I just came up with this dubious plan and got to around month 5.

Oh, I se what you mean. Start now, then when I turn 18 I can capitalize on the money I have made. But about the stock trading, how would you go about doing that?

Would I need a broker that I can control and teach myself not to take their advice and follow your plan? Or, would I need an online trading account to make this happen. If you can get to five months, I can do it. But I need to know how. Which brach are you in? I can anwser yes to two of those questions. Well, I talked to my parents finicial adviser and presented him eith your plan. Quick question though, would you suggest trading options online, or getting a portfolio team and use them.

And I would start of trading penny stocks right? I just enjoy trying new things to see if they work for me. YOU searched for it. This is the most ridiculous blog I have ever read in my life.

Not because of the subject or because of the Finance Ninja. Not the most basic, fundamental questions possible.

The Finance Ninja just threw this idea out to see if it would work for him while he is out at sea. While he is fighting one of the most destructive wars since WW2, you all think that you can get away with making millions at the least just by word of mouth on others peoples advice? I cannot tell you so many times in such big emphasis like The Finance Ninja has brought up! Read where the market was. Where it is going. What could be beneficial to our market in this stage that the world is in.

Quit acting retarded and use your head. If you WANT to be a billionaire in the stock market, you have to read hundreds of pages a day without realizing you even did it. Reading must become a second nature to you. Consider taking political science courses in a community college or in a university.

First off, I started to get involved with politics. That greatly increased my confidence in several different aspect in this world and in this global market as well. Politics can regards anything, from sports to health and science, to history, to navigation, mathematics….. Like science and chemistry, you have to sit there and have a hypothesis, do your analysis, and come to a conclusion. It is a huge confidence booster because it encourages you to think about things in a different perspective.

Which is what I do now. I can talk to anybody with confidence. They could loose a case in court and completely waste their time pulling you over cause you are not another stupid person he pulled over again that day.

Based off of everything in this world, economics, wars, social problems, health, so many different other things, these all play such a huge role in stock market industry. YOU HAVE TO LEARN TO LIKE THE NEWS! YOU HAVE TO READ PAGES A DAY ABOUT COMPANIES AND GLOBAL ISSUE whether their for the good or for the bad, and you MUST do it without noticing.

You must learn to question. What ever you do, you can think to the point where you question everything. The one who questions the most, may look like an idiot, but you receive the information you need. You in this case need to learn how to be able to talk to everyone logically once again. This is exactly what you need to do that. The big dogs make it in this world because they use their heads.

George Soros: the billionaire investor's life, biography, net worth - Business Insider

And read some Robert Kiyosaki books. I could go on forever. Life is like an ocean. Also, those who tell others how to do things that they are afraid to do themselves, are fucking fools. Take my advice responsibly though. I am not to be held reliable for messed up relationships in your life due to those quotes.

How ever, those two quotes could have several different meanings behind them for SEVERAL different perspectives to create your own world. We have too many fools in this world. This link has been sent around my desk multiple times. You surprise me that you can not even leave back real contact details, but instead leave fake ones. That part is ridiculous, but not the math. Now everyone get back to your research and paper trading, develop your skills, and make that billion. If you are reading these comments then YOU are at my UNREVISED How to become a billionaire in 20 months page.

Please go to the updated page. This page seems quite ridiculous. And every one is so serious too…. How can you become a billionaire in years is not a question for an options trader…. Then we can all be rich and buy Africa to develop its natural resources for more profit!!! Then we could purchase the moon and mars from the aliens and sell covered call options on it for the rest of our lives and generate income for us and out descendants.

Hopefully we will find oil on the moon and mars as well so that we can diversify our venture somewhat …. They will have to cover alien invasions as well as meteorite damage, plus other natural disasters. This will be quite difficult because such events would be expensive and I do not think that the AIG has the risk apetite that it once had. We would probably have to form our own insurance company just to insure ourselves!!! Yes it can be done…. Good luck young student with the IQ!!

And guy with the million, you already have a head start so give the money to the kid and he can make 1 option purchase this month with ALL of it so you will have million next month!!! You are gonna have 1. These kids are dumb. I already told them that and nobody is being serious on this post. Finance warrior, you are a fucking moron for having these kids think about the math of this strategy. Thank you for the comment. This blog has over pages of documented trades but nobody especially the kids never seem to read them!

Maybe I should give you the money, and when you get to a billiondollars!! Clearly, someone who wrote this article has no real trading experience and is just fantasizing.

Most penny stocks sell in increments of only shares. LOL No volume, no sale. LOLOLOL What a bunch of crap this is. I pity anyone who tries this. I AM A NEGROLOL N I WUNTS SOM MONEYS. OR ILL RAEP U N GIVE U TEH AIDS. Your best resource is this site http: Lol well u guys and trading All crazy. Want more advice mail me how ever I will help as we all will benefit. IV made my 1st USD in 3 months ,u can to. Chromebase Add gmail dot com.

Is my email Thanx. I have made sure each trade is as realistic as possible. I have created a server to send me direct email alerts with screenshots to my phone at each trade with ping monitoring to my phone and constant lock up potential surveillance. My system relies on 24hour trading unfortunately so i could end up getting a notification at 4 am when im asleep.

Stop loses are set at a reasonable level and i trade both directions of the market. The system has so far successfully sent alerts in a stable manner this week roughly per day and then i analyse with real time trading getting approximately 50 point on average this week 1 wrong trade -5 points out of 5.

I cfd traded earlier to this new system but wasted too much time looking at charts and needed something easier and more realistic for having a life. The only problem is….. Should i try and hide my trading template so the cfd provider cant see how i do it?

I dont take notice of the current price at all except for stops. At the moment the system looks amazing, but then again who knows what each week holds….. Ive sacrificed accurately capturing major daily moves for a higher probability.

I was sick off work for the 3 months so it finally enabled me to focus every trading day about 12 hours each, back tested originally and only modified slightly at the start of official paper trading. So many sleepy mornings! Thanks for the fast reply Paul!

The Greatest Investors: George Soros

The reason i ask about being banned is within their disclosure statement which says they can pretty much remove your account without warning or reason….

The way i see it is if i leave a minimum of a 2 week lag time between doubling then if one week is a loss of the equivalent amount i was intending to make, it would technically wipe out those two weeks, and if that occurred i would have to revise my strategy.

Consistency and self discipline minus emotions is definitely the key to win this game. Realistically i think ill be too scared to double the amount in less than 3 weeks…even though im confident in the way it works i have too much fear in trading something potentially more than a profit of g a week in reality, this will probably be my real limit, but it all depends on how it goes probability wise…..

Another thing im worried about is the CFD provider going bankrupt, like in the case of MF global holdings. Ive read of cases where people still had g in the account and have lost that amount…. This is a bit strange. Do you mean GBD 1, or like 1,, an hour??? Your money in the CFD is your money like a bank account. Some of the comments you are making sound really ridiculous to me and I consider myself to say wild things….

I just read the article link you posted quickly. Seems like he was just extremely talented at making calculated positions. I strongly suggest Optionsxpress. After studying a few of the blog posts on your web site, I truly enjoy your way of blogging.

I bookmarked it to my bookmark website list and will be checking back soon. Yes i am using a market maker. I have to be very careful with stop positions on this platform but Im now satisfied they wont get knocked out.

I had a few months break from trading to capture more of the market but Im confident enough with the technique and programs and have officially started trading real time last Wednesday. Will keep you posted on my compounding progress. I have also slightly revised the trading system to reduce alert frequency and capture different market speeds high volatility during the first FY quarter followed by low movement November-Feb.

So you JUST started to trade real money? Well the first half of I did trade real money, more than i could afford…. A few panic attacks later and 2 trips to emergency and i decided to sit down and work out a proper system. Ive since cut out coffee, that makes adrenaline release and logic terrible. Im pure rules now and nothing else, i like many others learned the hard way. If the rules say no its a definite no. No panic attacks though or trips to the hospital. I was taught to trade no more than 10 times a month.

So on average I was in only 1 trade at a time focusing in on it and usually no more than 3 trades a week, but on average usually less than 10 a month. I would be in and out in a good position sometimes — not so good a position. The more I make the sooner I make it the sooner I get out the more successful a trade it is.

I do believe in letting profits run and cutting your losers quicker, however, from my OWN personal trading experiences as soon as I had a big profit AND let the profit run in the long-term I would of made more getting out as soon as I made the big profit.

With trading the index im placing an average of trades per day but my profits arent based on the size of the gain. Most likely i will emotionally struggle at 5g a week my highest daily profit was 2g early last year and this was definitely an emotional limit, i thought i was super awesome and the next day i thought any trade was correct…..

That would be 40g of profit to play with after that time and IMO would give more emotional freedom to move on. The other side to panicking is the mania, a sense of overconfidence after high profit which definitely skews logical reasoning! I found spreads made the trading pointless at these levels. As it turns out, caffeine is a great way to instigate adrenaline and panic attacks when combined with 1 second trading. What ended up happening after a few weeks was scary.

After 5 minutes of staring at the computer screen my vision would blur and id get a vertigo feeling with very dilated pupils, followed by almost blacking out and BPM! I thought it was a stroke as my cousin passed away at a young age from one. I ended up seeing a neurologist as the hospital thought it was temporal lobe epilepsy. The neurologist said i checked up normal and didnt even need any medication, just a break from trading and coffee and some much needed mental relaxation.

Literally the next day with his reassurance all symptoms were gone. The benefit from this is I experience minimal emotion when trading now and thanks to a strict set of rules, I dont panic. The odd thing about trading is that emotion is the main hurdle to profit.

Housing is a great example of emotional investing, when significantly owning any investment type we tend to believe its a great idea even when given sensible numerous arguments against it, and often panic sell when its too late once again when also given sensible arguments against.

We also jump into an investment for fear or missing out on gains or buying in at a lower point. Instant moron in my mind. You sound oddly intelligent so just stick to your limits and keep cool. I wish you very good luck. I wish the housing market was the same! Well unfortunately in Australia our property is more like the US back in , im expecting some very large losses over the next couple years here.

The bottom of our market will probably be roughly. The ASX has had a beautiful trend over the last month, like you said its easy to go both ways with a slight bullish direction.

Im very cautious with the ASX atm, some are saying it could rally til september but i personally think it looks like its ready for another major trend down, doesnt really matter either way so long as the pattern stays clear. The trading is going ok so far, the first week was a little up and down but overall broke even, had a week interstate for holidays and the last two have been quite solid.

Ive made a better system for compounding which is quite less aggressive than planned. Basically if i make my goal amount two weeks in a row then i compound, if i make a moderate amount in one week the amount traded stays the same and if i make a loss for the week then the amount traded is halved the following week. Will post back Iin another month. I do not think really that would invest s of millions in options alone.

For sure you would start investing to more stable equities like stocks, bonds or real estate after you have reached somewhere around 0. It is a bit different with millions. Personally I think it is very possible to reach , with these calculations in trading options, even then you should start to secure your money. To those who read this article, I would suggest to think realistically, and not to trust some excel calculations as if in ideal world.

The concept is good, I agree. The numbers are far from truth. It is no different. The idea is crazy. It is only reflecting trades a month. To me its the way to do it. Options can create you wealth very quickly, but it can take it away just as quick. Thanks for the tip. Yeah I slipped and you should be the next President. Now go back to watching your cartoons. All is going well so far. Helps to have distinctive bad news in the media however… Changed the alert system around which works for getting sleep, only one or two alerts through the night.

Still taking a very cautious approach with compounding reduced to monthly to be safe. Also i think the market may reverse for a counter tonight.

Ive found reversals are sometimes worth staying out of until a new pattern is clearer…too volatile and inconsistent like when the Fed mentions their next QE.. Focused more on the 1 hourly chart for patterns but still using 10 minute for confidence with the indicators.

This is to prevent overly emotional trading. Hi Anon, glad to hear your trading is improving and you are trading less and making better trades.

This page was extremely helpful. I actually really enjoyed reading it.

I want to have to go play a few more games than I normally might which will be not the foremost productive thing I ever done but irrespective thanks! I have Few doubts:. If not what is the reason. Is there any specific numbers to increase focus. Or are you trading in all the opportunity you find? Does concentrating on 4 or 5 Stocks for trading options increase the profitability?

I think you are completely crazy to follow any of my stupid rules. I trade big stocks that have big moves to double my money quickly or lose my ass — GOOG, AAPL, PCLN, AMZN, NFLX — mostly tech. STICK to what you KNOW.

I was studying some of your articles on this internet site and I think this internet site is really instructive! Oh my God, you are all so gullible, you all have completely missed the point of the article. He is being theoretical, it takes INSANE amounts of risk, and skill to do this.

I drop a comment each time I especially enjoy a post on a site or if I have something to valuable to contribute to the conversation. And on this post How to become a billionaire in 20 months by trading options, the power of compounding your profits. I was excited enough to post a comment: Could it be only me or do a few of these comments come across like they are left by brain dead folks?

Would you make a list all of all your communal sites like your twitter feed, Facebook page or linkedin profile? I live out in the boonies on an old plantation. You are commenting using your WordPress. You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email.

How to become a billionaire in 20 months by trading options, the power of compounding your profits. | broken ninja.

Enter your email address to subscribe to this blog and receive notifications of new posts by email. Create a free website or blog at WordPress. Irrationally mad decision making to obtain the American Dream. DO YOU LIKE THE CHALLENGE? Here are some positive articles on becoming a millionaire and then billionaire: Intrigued by the game.

Have you reached your Month 1 or Month 2 goal yet? Again thanks and hope you are successful in your missions too. If you can master call and put options you can do it. Hi mario, How can you make a billion before getting out of highschool?

Thanks for the comment. But you can message me on any other platform you wish. I would also like to collaborate with you as you offered Jordan. As I do have financial backing. First learn how to spell. I want to know how. Hello finance ninja i would like to know how to get into trading and what programs or software do i need to get to keep my eyes on the shares and do you have a tip for me as a beginner..

How much money would u have to invest to get this whole gig started? Good luck and God bless. We have a lot of work to do and should probably get started immediately. This is quite a post… I need to keep updated on these comments! Go back to your mamma. I retired doing today. Paul Meyer - OEX Options Trader. There is also this story back in limited info on google about cfd customer bans: How can i become a millionaire in 1 year.

Hi again Paul, Yes i am using a market maker. Anon, So you JUST started to trade real money? When you traded options, roughly how many trades did you place on average per week?? Warren Buffett must surely have minimal investing fear or sense of over confidence.

Ill post back after a month or so. Anon, You sound oddly intelligent so just stick to your limits and keep cool. Darijus, It is no different. Hey Paul, All is going well so far. So how are u doing now paul phillip? Yeah about that much. Play a game of cashflow and clue oh and sequence too! I have Few doubts: Leave a Reply Cancel reply Enter your comment here Fill in your details below or click an icon to log in: Email required Address never made public.

Count down to 40 and a changed man. Subscribe to know what I'm trading and learn more about finances Enter your email address to subscribe to this blog and receive notifications of new posts by email. Join 72 other followers. With over posts you are sure to find something interesting in my blog articles. Top 5 Posts I'd rather not hike the Stairway To Heaven again in Oahu, mud slides, howling 60 knot winds, - my 2nd HASH hike How to become a millionaire in 10 months - Updated How to become a billionaire in 20 months by trading options, the power of compounding your profits.

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