How I Turned $41k into $292k in 30 Days

How I Turned $41k into $292k in 30 Days

How I Turned $41k into $292k in 30 Days 1024 546 Steven Dux
What's up and welcome back to

This week's lesson.

Today I want to talk about how I turned $40,000 into roughly $300,000 in a month because of a bet.

A FRIEND WITH

SIGNIFICANT LOSSES

I have a personal friend who took significant losses after investing in blue-chip stocks…

…because he didn’t know the market fundamentals. After about a $200,000 loss, I bet him that I could take $40,000 and increase that account by 50%. With $20,000 as the bet, my friend became incredibly interested in my process because, before this, he wasn’t trusting of penny stocks and was skeptical about the entire sector. After the 30 days, instead of seeing a 50% increase, I had roughly a 400% increase putting my account at $292,000.

The method I used to achieve this gain is abnormal, and I wouldn’t suggest it

…but I made unique choices for the sake of the bet. By placing 10,000 shares with a stock at $5, I shorted at $4.80 and risked $2,000, bringing me to $48,000, which is already over my account size. Since I’m only $6,000 from my maximum loss, I increased my position size to 200,000 shares and tightened my risk management.

Like I said, if you aren’t familiar with the market, this is not an approach I recommend, but I wanted to maximize my profit and minimize my losses.

Leave a Reply

    APPLY TO THE FREEDOM CHALLENGE.

    Insert your name and email address to apply now!

    FREEDOM CHALLENGE

    FREEDOM CHALLENGE.

    If you’re new to all of this and have limited knowledge as to how the stock market works, I highly recommend you invest in The Freedom Challenge.

    APPLY NOW!

    x