Anonymous asked:

There's no way you're making that much in the stock market. You would need $100,000 AT LEAST.

??? I don’t trade in the stock market. I trade futures. For the exact reason you point out. You need next to nothing to do what I’m doing.

Seriously.

(Scroll past if you can’t follow math or don’t care. It’s simple math tho. Promise.)

For example, let’s say I want to trade 1 S&P 500 micro futures contract (what you would think of as a share in the stock market world) because i don’t have a lot of $$$ to risk. Currently, that symbol is at 4,260.75. (https://finance.yahoo.com/quote/MES=F/)

“But I don’t have $4,260.75,” you say.

Cool. That number isn’t the price. It would cost me $75 (which I get back) to enter a position, no matter what that big number says.

The S&P 500 micro moves up and down in .25 increments (1 tick) only.

“So if it goes up .25 I get .25 back?” You ask.

No. That’s how stocks work. These are futures.

Each of those .25 moves represent $1.25. So if it goes up .25 you get $1.25 back.

Today it moved +80.25.

Remember those ticks from earlier? .25 = 1 tick = $1.25. So 4 ticks = $5

So how much in real $$$ did the s&p micro finish up today?

$5 x 80.25 = $401.25

Multiply that by however many contracts you want to trade @ $75 each and remember, you get that $75 back after you exit.

s&p micro tick = $1.25, right?

s&p mini (another symbol you can trade) tick = $12.25

Maybe you want to trade gold futures. Sick. That moves in .10 tick

size. Each .10 tick = $10

I can buy contracts and make money if price goes up. I can also sell contracts and make money if the price goes down. Futures are taxed at a much lower rate as well if you care about that. Anyways. Now you know more than you probably wanted to know about futures trading.

FYI, I’m a college dropout so don’t think you need to be a math genius to do this.

Also you can lose money in those same increments. Don’t go into this blind if you’re actually interested. hmu on discord if we’ve ever interacted and you want/need help with this.

good free resource: https://www.youtube.com/c/NoNonsenseForex/playlists

He trades forex which I know nothing about, but I use his system and money management rules (again, all free).

Anonymous asked:

What are futures? How much do you make?

Think stocks but remove having to find the newest one to buy. also increase the risk by a lot.

re: how much i make: much more than writing but its different every day. typically ~$300-$1000+/day strictly working between the hours of 8:45am-2:00pm cst. kinda nice for pushing a button several times and watching youtube while i wait to push the button.

Anonymous asked:

hi! I don't know if you still check this, but I wanted to know, can I ask you why you don't write anymore? I love your writing and occasionally I find a story of yours I haven't read and it's the best feeling ever

Yeah. Mostly because I found something else that I’m good at that doesn’t take up as much time. I talk about it here:

Long story short, I day trade futures (I know this sounds like some made up shit. It’s not.), am a lot happier, and am a lot more present in the actual world.

skinnedmaggots asked:

Hello Mr. Bloodworth! I've been a fan since high school, so like 2015. You work has shaped how I write my horror content to this day. I forgot you had a tumblr, and I don't know if you even check this inbox anymore, but I at least wanted to tell you how much I appreciate you and your work. I also had a question, I hope that's alright! Would you ever consider compiling your original nosleep saga into a physical copy? I'd pay anything to have a copy in my collection. Have a good day, thank you!

There was an ebook of it for a while, but amazon got mad that the ebook contained “the soul game” which was available for free on reddit (as were all the other stories… but only soul game triggered the removal).