$50k + Iron Condor + 6 Years, 6 Months = $1,000,000

So here is the layout on how starting with $50,000.00, you can achieve $1,000,000 in less than seven (7) years.

We start with 5 contracts worth $12,500 in margin, and in which each contract will yield $350/month. Therefore, starting with 5 contracts, we are yielding 5 x $350 = $1,750/month. Once we reach $75,000 in the account (we have added $25,000), then we increase from 5 contracts to 10, worth $25,000 in margin and yielding $3,500/month, etc., etc.

There are some key concepts here.

1. ALL monies MUST be rolled into the account to grow. That means no disbursements, even from taxes can be taken from here. Monies WILL be paid out in the future.
2. Start with 5 contracts.
3. Once $25,000.00 has been added to the account, increase the size of your play by 5 contracts. Keep doing this until you are playing 100 contracts.
4. Once $1,000,000 is reached, you can take monthly payments of $35,000, yes, that is NOT a mis-print. 100 contracts yields $35,000/month, PLUS, you still have your $1,000,000 principal.
5. Play strategically. Don't get greedy and place tighter spreads to get a big pop one month...if it goes bad, it will take you months to recover.
6. Play smart. If the trade begins to look like it is going to go sour, either roll out, or get out! Better to break even then take a big hit, and when you are playing many contracts, a big hit could be devastating.
7. Remember, you are trading at your own risk. This blog is just an account of what I am doing. Do what YOU feel like doing. My trades are not recommendations or endoresements.
8. Remember the BIG PICTURE. We are trying to get to $1,000,000 by being disciplined, patient and prepared. If we are successful, the $1,000,000 will be here before we know it.
9. Pay your taxes! If you have a tax "burden" on $35,000/month, I can think of worse problems to have!

Happy Trading!