Friday, August 8, 2014

Winning The Lottery

I am not a gambler but I do like the idea of winning $115,000,000 which is the current jackpot for the Mega Millions Lottery.  I am aware that the odds of winning the top prize is 1 in 258,890,850.  In fact there is a formula that tells you what your ticket is worth and when it's best to buy yourself a ticket.
You multiply 1/258,890,850(odds of winning) X  $115,000,000(jackpot)/1 = 0.44 X $1(ticket price) = $0.44 so if I buy a ticket today my $1 ticket is worth about 44 cents.  When the jackpot rises to $259 million and above the value of your ticket is actually higher than $1 which makes this a better time to buy a ticket if you play regularly.  With that said I am too busy to play but occasionally I do play for fun and I try to find creative ways to do so.

I wrote a computer program a few years ago using Python I tried it out a few times but then forgot about it I did match 2 numbers the first time I used it.  I recently decided to take a look at the program and update it using a newer version this new code will pick random numbers for me similar to the quick pick option at the store or the random number generator on the website.  I created the program as a fun way to play the lotto I wouldn't want to play any other way.  Technically the program could pick the right numbers to make me a winner but the program will not give me a higher probability of winning compared to any other method that others use.

Step 1 - Run the program I created  by pressing 'run' (top left) write down the numbers                  

Step 2 - Bubble in the numbers on the NY Mega Millions Lottery Slip

Saturday, August 2, 2014

Learn To Think Outside The Box

Growing up in NYC I did what most people would consider a sure way to success: school and work.   Throughout the years I received the same type of information all others in my class got and it all led to the same conclusion get a 9-5 job with good benefits.

I always thought about earning money by the hour, the day, the week and then by the year.  It wasn't until I started reading, reaching out to people and attending conferences that I learned how to think differently.  I learned that stock trading can be very rewarding.  I once saw a guy make $200 in 1 minute a concept I did not think possible.  It was an unknown unknown.  I then tried to imitate it and eventually got it right.  It changed my way of thinking I now think of making money by the second, minute then by the hour.  I consider an hour a lifetime in regards to making money.  Once you learn this and get it right you can never go back, you see life and time in a different way.  It all happened by thinking outside the box.  I did what society considers right I went to school and got a job yet neither gave me all the information I needed and wanted.

I can read about people who have lost money but it is far more educational to meet the man that actually lost $80,000.  I learned how to make money and evade losses but also that it can be made by the second or minute without so much risk meaning not only stock trading can give you that type of money there are other ways.  

Increased risk will give you a higher probability of potential reward but excessive risk will most likely end in a negative reward outcome.

A 4 minute Twitter (TWTR) Trade 1000 shares = $110 gain