50 k a month - page 6

https://discord.gg/VtJXYuX3

How do I start? I have great credit and some money stashed, but I know its about using other people's money and leveraging what you have to access more cash, PM me and put me on.

I keep telling these boys to learn to trade. Listen there is no better freedom and gratification.

I use to think 30-50k per month was impossible till I got into real estate and trading

I did research all of 2020. didn't make one cold call. For the first month of 2021, i did nothing but cold calls, but i wasn't really getting anywhere. I put up an add for VA's from the phillipines and offered a rate that was 25% higher than the going rate because i knew that would attract the best candidates. talked to about 100 of them, trained the 5 that i hired, and started there. i had a job at the time that required me to drive around and i would see abandoned properties and make note of the addy, load it up in propstream, and reach out to those people personally.

so technically, with the infrastructure set up, i maybe put in an hour a week, but that was just to talk to the seller as "the man in charge" because men always assume theres a man in charge of buying properties; we never talked business, i would code switch and talk about baseball or something because it was usually white men. that made them comfortable and i was good. the week i made 77k, that was from two contracts that happened to close in the same week. i picked up a 50k check on monday and a 27k check on wednesday. those results are rare and not in the norm, especially these days. georgia is an attorney state when closing real estate deals like this, so i picked the checks up from two different law offices.

I would say that 77k was made in two months of texts/calls but it wasn't by me. the thing with it is, it's tiring, and you are gonna get 1000 "No's" but that one yes could make you 50 grand. normally my deals would range from 4k to 25k. it just really depends on the market you're pulling lists from and how creative you can get.

I did research all of 2020. didn't make one cold call. For the first month of 2021, i did nothing but cold calls, but i wasn't really getting anywhere. I put up an add for VA's from the phillipines and offered a rate that was 25% higher than the going rate because i knew that would attract the best candidates. talked to about 100 of them, trained the 5 that i hired, and started there. i had a job at the time that required me to drive around and i would see abandoned properties and make note of the addy, load it up in propstream, and reach out to those people personally.

so technically, with the infrastructure set up, i maybe put in an hour a week, but that was just to talk to the seller as "the man in charge" because men always assume theres a man in charge of buying properties; we never talked business, i would code switch and talk about baseball or something because it was usually white men. that made them comfortable and i was good. the week i made 77k, that was from two contracts that happened to close in the same week. i picked up a 50k check on monday and a 27k check on wednesday. those results are rare and not in the norm, especially these days. georgia is an attorney state when closing real estate deals like this, so i picked the checks up from two different law offices.

I would say that 77k was made in two months of texts/calls but it wasn't by me. the thing with it is, it's tiring, and you are gonna get 1000 "No's" but that one yes could make you 50 grand. normally my deals would range from 4k to 25k. it just really depends on the market you're pulling lists from and how creative you can get.

Its 85% psychology tbh from my experience. I had to learn how to cut my losses faster. I’ve made at least 2 mill trading. My trading acct is over a mill

Trying to learn. Got any advice or willing to help teach? I’m willing to pay for time!

Anything from these guys


He is also good

Do you read charts and all that or do you mostly swing/moments trade.

What books, resources, and platforms did you find most helpful for learning?

Hasn't this been hotpatched?

Are you in GA/metro ATL? The biggest single deal we did was $150k. TBH, making those large amounts fu#ked with me. I couldn’t sleep at night. I was basically the acquisition guy for two other investors. Got it under contract for $180k and sold it to Offerpad for $330k.

Our business model wasn't wholesaling, wholesaling was just another exit and we had the capital to close so my offers were low and aggressive. We had no idea some of the institutions would pay so much.

Thanks for the breakdown!

Term life is for when you know without a doubt you will not outlive the term

one more thing that i forgot, if you incentivize the VA's that they'll get a percentage of the wholesale fee, that changes the game.

if im paying them 300 a month, and one 10,000 dollar deal could make them 1000 dollars, they will go the EXTRA fu#kin mile for it, i swear.

i was never greedy. sometimes i'd say "20% on the fee if I close it" and a 10,000 dollar wholesale fee would net them 2,000 dollars. they are literally making 7 months pay in one deal, so they were eager.

i found that paying people more motivated them to work harder. crazy concept.

I appreciate the honesty. People see your OG post and wanna be put on but don’t realize that profitability takes YEARS of know how, experience, and ultimately, a LOT of losses before you MAYBE turn a profit. I wish you well.

What do you trade? Why not share your knowledge and entries in the Day Trading thread?

thanks doc ...

is this something a novice could start doing with research or do you need a strong background in finance to really be good at it ...

also how much capital do you need as an entry point

Kinda wild you have VAs locking up and closing deals. MFers clearly sound like they aren’t American and a homeowner is willing to sign an agreement with the over the phone.

NY based. I trade CME ES/NQ during the New York cash open 9:30–11:00 ET and I watch the London close flows 10:30–11:30 ET. For crypto I use CME micro BTC/ETH futures (MBT/MET) or spot BTC if the tape is clean. Same playbook:

Risk: 0.25 to 0.5 percent per trade. Max daily loss 1 percent. Two losses and I stop.

Setups:

1. Opening range break with VWAP retest during 9:30–10:30. Partial at 1R, trail behind structure.

2. Liquidity sweep through an obvious high or low near 10:30–11:30 as London closes. I want a stop run, absorption on the footprint, then back inside.

3. Trend pullback to VWAP or 20 EMA with delta divergence. Only in clear trend.

Execution: DOM and footprint confirm. No market orders in chop. Scale out 1R and 2R, keep a runner to prior day high or low. News filter: I stand down 5 to 10 minutes around 8:30 ET prints and FOMC.

Prop advice: pass with micros, protect daily drawdown, stack small wins. Get a payout before you size up.

Stats and psych: I track expectancy every 50 trades. If E slips, I cut size and fix execution. If I feel tilt, platform closed.

I post full summaries with realized P and L net of fees. If the thread wants value I can post pre-market levels by 8:45 ET. Trading is a business. Keep risk boring and the profits handle themselves.”

Extra NY notes for my BX brethren that need game:
• Futures are not under the stock pattern day trader rule and have favorable 60/40 tax treatment in the US.

• Use a regulated US futures broker for ES/NQ and MBT/MET.

• If anyone flexes “combine” results, ask for a funded account statement or payout receipt.

I love this. Literally.

Got it. How do you even fiend clients that are willing to sell for the low and also buyers who are willing to pay cash?

Kinda sorta

Another way to look at it being for after your term u should have home paid off kids grown and taking care of themselves. If when u pass only thing u leaving your spouse with is funeral expenses.. An 80yr old widow should not need 50k or above to live..

Now if u 20 and get 20yr term if u die within that than yea your spouse mite need that to pay for kids school mortgage car etc

My brother, the short answer, is yes. You don’t need no finance degree. You just need a clean process, tiny risk, and a lot of reps. A novice can get consistent if they treat it like a craft, not a lottery. It’s awesome to learn. I promise you, when you understand it, the sh1t becomes like Neo seeing the green numbers.

But you gotta be willing to take the right pill… and stay with it.

You need it broken down. Not screenshotted. So let me break it down for you…

What I trade and why: ES and NQ micros during the New York session, plus BTC perps when the range is clean. Micros let you size small and survive mistakes while you learn.

Starter plan for my BX bredrens:

1. Two weeks SIM only. Learn the platform, DOM, footprint, VWAP, and how orders actually fill.

2. Pick one setup and master it. My three are: opening range break with VWAP retest, liquidity sweep of an obvious high or low with absorption then back inside, trend pullback to VWAP or 20 EMA with delta divergence.

3. Go live with one micro contract only. Risk 0.25 to 0.5 percent of account per trade, max daily loss 1 percent, two losses and you stop for the day.

4. Journal every trade. Screenshot, reason in, reason out, grade. Recalculate expectancy every 50 trades. E = win rate x average win minus loss rate x average loss. If E drops below 0.2R, cut size and fix execution.

Capital requirements:

Futures with micros: you can start with 1k to 3k and keep risk small. No pattern day trader rule on futures. Tick values are tiny on micros so stops can be 8 to 20 ticks and still fit 0.5 percent risk on a small account.

Stocks day trading in the US needs 25k to avoid the PDT rule, not ideal for a beginner.

Crypto can start smaller like 500 to 1k but no leverage while you learn. Same risk rules

Yeah this was the exact analogy and feeling I had when it all clicked. I was like I can literally print money anywhere in the world with internet

NY based. I trade CME ES/NQ during the New York cash open 9:30–11:00 ET and I watch the London close flows 10:30–11:30 ET. For crypto I use CME micro BTC/ETH futures (MBT/MET) or spot BTC if the tape is clean. Same playbook:

Risk: 0.25 to 0.5 percent per trade. Max daily loss 1 percent. Two losses and I stop.

Setups:

1. Opening range break with VWAP retest during 9:30–10:30. Partial at 1R, trail behind structure.

2. Liquidity sweep through an obvious high or low near 10:30–11:30 as London closes. I want a stop run, absorption on the footprint, then back inside.

3. Trend pullback to VWAP or 20 EMA with delta divergence. Only in clear trend.

Execution: DOM and footprint confirm. No market orders in chop. Scale out 1R and 2R, keep a runner to prior day high or low. News filter: I stand down 5 to 10 minutes around 8:30 ET prints and FOMC.

Prop advice: pass with micros, protect daily drawdown, stack small wins. Get a payout before you size up.

Stats and psych: I track expectancy every 50 trades. If E slips, I cut size and fix execution. If I feel tilt, platform closed.

I post full summaries with realized P and L net of fees. If the thread wants value I can post pre-market levels by 8:45 ET. Trading is a business. Keep risk boring and the profits handle themselves.”

Extra NY notes for my BX brethren that need game:
• Futures are not under the stock pattern day trader rule and have favorable 60/40 tax treatment in the US.

• Use a regulated US futures broker for ES/NQ and MBT/MET.

• If anyone flexes “combine” results, ask for a funded account statement or payout receipt.

I love and live this. Literally.



My brother, the short answer, is yes. You don’t need no finance degree. You just need a clean process, tiny risk, and a lot of reps. A novice can get consistent if they treat it like a craft, not a lottery. It’s awesome to learn. I promise you, when you understand it, the sh1t becomes like Neo seeing the green numbers.

But you gotta be willing to take the right pill… and stay with it.

You need it broken down. Not screenshotted. So let me break it down for you…

What I trade and why: ES and NQ micros during the New York session, plus BTC perps when the range is clean. Micros let you size small and survive mistakes while you learn.

Starter plan for my BX bredrens:

1. Two weeks SIM only. Learn the platform, DOM, footprint, VWAP, and how orders actually fill.

2. Pick one setup and master it. My three are: opening range break with VWAP retest, liquidity sweep of an obvious high or low with absorption then back inside, trend pullback to VWAP or 20 EMA with delta divergence.

3. Go live with one micro contract only. Risk 0.25 to 0.5 percent of account per trade, max daily loss 1 percent, two losses and you stop for the day.

4. Journal every trade. Screenshot, reason in, reason out, grade. Recalculate expectancy every 50 trades. E = win rate x average win minus loss rate x average loss. If E drops below 0.2R, cut size and fix execution.

Capital requirements:

Futures with micros: you can start with 1k to 3k and keep risk small. No pattern day trader rule on futures. Tick values are tiny on micros so stops can be 8 to 20 ticks and still fit 0.5 percent risk on a small account.

Stocks day trading in the US needs 25k to avoid the PDT rule, not ideal for a beginner.

Crypto can start smaller like 500 to 1k but no leverage while you learn. Same risk rules.

Execution rules that protect you:

-Trade the first 90 minutes of NY open and the London close window. If the tape is sloppy, do not trade.

-Avoid red news for 5 to 10 minutes. Spreads and slippage will wreck your edge.

-Scale out at 1R and 2R, keep a runner toward prior day high or low. If the runner gives back more than 0.7R, flatten.

-Never try to win it back. Flat is a position.

On prop firms:

Evaluations are SIM. Passing is about avoiding big losers, not hitting home runs. If you go that route, trade micros, small R days, and get a real payout on a funded account before you size up.

If you want, I can post premarket levels by 8:45 ET tomoz and the plan for the day. Consistency comes from boring risk and one or two high quality setups. The profits come because you stop forcing trades and start executing the same thing every day.