How Goofs Make Over $300 An Hour

September 26, 2007

Before I delve into the heart of the matter of this blogpost I need you to turn on your mental radars and have you take a very important note. Remember this….there are 3 key forms of currency that lifestyle designers or location independent professionals use in order to live the lifestyle they do. Neither one is more important than the other, and all 3 compliment each other accordingly. In no particular order , these currencies simply are…

1. TIME
2. MOBILITY
3. MONEY

I have recently received several emails enquiring about the later, more specifically pertaining to how one goes about bringing in a nice chunk of change while still being able to have free control of time and being mobile in the same aspect. Now many of you know methods pertaining to being a traveling web developer, a online business entrepreneur, or using some other form of online coaching or networking to bring about cashflow to supplement the absence of a “cubicle or desk ridden” career . Infact many of you who read this daily, from short conversations I have held with you, have used these vehicles to accomplish this. Kudos to you!!!

For anyone who has yet to reach this supplemental income and yet still yearns to, but are not necessarily intrigued by the thought of an online start up, let me suggest a method that I have found invaluable in being able to have the third of our currencies flow in while you yourself aren’t necessarily tied down to a location limited profession. This method is valuable in that when I put it into effect I can go from an individual used to earning $20 an hour to an individual who earns $300/hour or more.

Got your attention yet?

THE MADNESS BEHIND THE MAYHEM The way that I do this, and it isn’t necessarily practiced by many lifestyle designers(at least not that I hear commented about) is through online stock trading. Now before you go running in the other direction while rolling your eyes at the last sentence let me explain something pure and simple that caught ahold of me several years ago…….Stock investing is not as risky as the PROFESSIONALS make it out to be. Remember these two things..

1. THERE IS A SYSTEMATIC DESIGN TO EVERY ASPECT OF LIFE. (Even the stock market)
Each aspect of life has a system by which we are taught to operate by.

2. EACH SYSTEMATIC DESIGN CAN BE ALTERED USING THE PROPER, KNOWLEDGE, AND TOOLS .

Reality is bendable despite what you are taught.

So don’t let what these so called professionals tell you as far as risk is involved. Its nonsense. The stock market, like everything else in life can be tweaked to your advantage. I never was a fan of investing or the stock market until I learned how to manipulate it, and at that point it became my best friend. It took less than one year of gathering some very simple and readily available information and learn how to put it into proper use before it changed my financial outlook forever.

I am a technical analysis trader meaning I buy and trade based on charts and what they tell me about a company at that point. One of the most popular technical traders at the moment is popular guru and online mentor Phil Town. Phil has a widely popular book that explains the simpleness of a method similar to the one I use which I suggest purchasing if at all possible. With that said, the simple structured plan that I go about when trading is this…..

Be willing to find a company you know is going to grow @ a good rate based on your standards given you in the book.(About 1-1.5 hours work)

Buy the company at a heck of a price when 3 easy charts(which can be accessed on MSN for no fee) match up . Reading these charts is like a cakewalk, so don’t let the thought of technical analysis scare the day out of you.Take a look at these charts about 30 minutes before the market closes .

Based on information you know, if the charts say to sell then sell and reap your rewards, if not then hold the stock and ride it out for more money. A quick glance at the charts takes all of about 5 minutes per day, the large part which is spent logging online. So this isn’t exactly hard rock pounding labor on your part.

EVEN GOOFS CAN DO THIS

An example of how this works is this. On August 22 I purchase 68 shares of Foster Wheeler(FWLT) @ $100.76 per share . Looking into the company and deciding if I was buying it at a good deal took about an hour and a half of work. I go online to a broker such as Ameritrade and place my order. A couple of clicks and my work is done for the day.

Each day after this I go online @ 2:30 PM CST to check where the stock is for the day. The reason I check at this same time each day is because the market swings up and down during the day, meaning so do the stock charts. By checking at the end of market close I know where the chart is more than likely going to sit for the remainder of the day. If the charts match up and all is well I keep the stock , if not I sell.

It takes a duration of 7 days doing this, each day taking about 5 minutes out of my schedule to check the charts , before I sell FWLT. So on August 29 I go online and sell my shares of FWLT(now which are going at $109.83) for a nice little gain of $596.66 .

It took me a total of 2 hours total time make this amount (the initial 90 minutes it took to do research and buy it along with the 30-35 minutes combined total time that I checked it daily). So relatively speaking I make close to $300 an hour for my work.

The funny thing is that I goofed and misread the charts that day. I should not have sold and in fact if I would have kept and held the stock I would be banking alot more an hour than that. So yeah, I’m really kicking myself in the arse on that one. Should my wife read this she more than likely will be kicking my arse too!

If a goof like me can do it, anyone can!

Now when it all comes down to simply restructuring your thought process and manner in which you go about this, just like anything in life, it becomes minimal and simple. The fact that if your portfolio is made up of just several companies such as this that provide an adequate amount of gain you can be set and up your average income per hour very easily. It again covers supplementing our third currency I mentioned in the beginning. It also leaves room for our other two currencies so that one can dream of traveling and cultured events such as this one rather than having to face craziness like this. Just another reason you may want to get out of the office a little more.

COMING SOON

As you read this you may notice the nice and official little “beta” located beside the blog title towards the top. Handy huh? Within the next month there will be some handy little tweaks to the blog, as we will be “pimping it out”. Meaning you get a made over Lifestyle Maverick blog plus you will get a chance to see pics of my ugly mug finally. For those of you who know me, Im sure you are running away at this moment…..

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18 Responses to “How Goofs Make Over $300 An Hour”

  1. Tina Fukuchi Says:

    This is an informative blog with great tips. I have been interested in stock investing, so I hope to do some research that you have suggested.

  2. bunk1980 Says:

    First off, thank you Tina for stopping by! I wish you the best in any efforts you go with in stock trading. Here is a little more info if you truly are interested…

    1) The name of the book I mentioned is Rule #1. Buy it and study it over and over(actually one time through will give you the understanding you need).

    2) The charts that I look at are called the MACD chart, the 10-Day moving average, and the Slow Stochastic. All tell you what you need to know about a stock and its movement.

    3) Be willing to paper trade for a few months before you do the real deal. By paper trading you will gain confidence seeing that what you are applying actually works. When you do the real deal, there will be no hesitation or fear on your part.

    My best to you once again!

  3. Bryan Baker Says:

    great job with stocks. not the road i’m going down right now but like you said it’s great to hear about success! cao!

  4. Jennifer Says:

    Show the world your gifts and receive your own. Nice to know your genius is being put to good use.


  5. Hmm… maybe I should be a goof, too. Thanks for the book recommendation in the comment above. This is something to look into.

  6. bunk1980 Says:

    @ Bryan – Thanks for the kind words. Everyone travels a different road to success(should they choose to do so). So whatever method is your avenue, I say go for it!

    @ Jenn – Wow, thanks for the encouragement! I dont think genius is the words I would use, although I will gladly pay you for that compliment LOL. Seriously though, I hope all goes well with your investments as well.

    @ Michael – All goofs are welcome here Michael. It has its advantages being on ya know LOL. And as far as the book it is one I do recommend if you seriously want to make money on the market easily. Good to see you here once again!


  7. Wow – this is fascinating Bunk! Is this how you make your primary income? This is something I need to learn more about…

    Christine

  8. bunk1980 Says:

    Christine,

    Our primary income actually comes from a business that my wife and I bought out a couple of years ago. We have wonderful employees which allows us a good bit of time freedom. The income from stocks simply further emphasizes any time freedom we wish and helps furnish such.

    It truly is as simple as figuring it out and being willing to step out and do it. Thanks for stopping by, its always good to see your input!

  9. Andrew Says:

    Hi Bunk,

    Thanks for your post on my blog. I followed you here and I’m glad I did! I’m working my way through your posts. This one is particularly interesting to me as I’m looking for a way to make money online. I will look at the Phil Town book – thanks for the tip.

    Great blog – keep up the good work.

    A

  10. bunk1980 Says:

    Hi Andrew. Thanks for stopping by! And thanks for the kind words. Making money online can sometimes be a bit harder than the pros make it appear, but with this method you can train yourself to make a killing with proper methods. Best of luck!

  11. WarriorBlog Says:

    Wow All your post are very long and high quality :-) Keep it up.

    (I am not this far yet and don’t know much about this business)

    TAke care,
    Sean

  12. bunk1980 Says:

    Sean,

    Thanks for the kind words man! I appreciate you stopping by and dropping a word. You always seem to have some good quality information for blogging on your site and I have recommended it to several individuals. Keep up the good work!


  13. […] – How Goofs Make Over $300 An Hour – Seems my goofs always tend to lose me $300 and […]

  14. Tibi Puiu Says:

    Excellent article man, I’ve been meaning to get in the stocking market, but i always was scared. I’ll do some reading and research so i hope i’ll experiment a bit with stock soon enough. Thanks again for the insightful read.

    -Tibi

  15. bunk1980 Says:

    Tibi,

    Thank you for the encouraging words. I too was scared when I first experimented with stocks. That is why I always suggest paper trading to find your role. Thank you for stopping by!

  16. konvictcollin Says:

    Well I was thinking I would find something totaly different here. Nice site and I look forward to more great tips from you.

  17. James Says:

    Enjoying your blog.
    As far as the beta goes: get a subscription button up asap.

  18. bunk1980 Says:

    @ Collin – Hope I did not disapoint LOL.

    @ James – Its in the works I assure you. Thanks for stopping by.


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