By July 2007 I had culminated a book of business worth tens of millions of dollars. I started on average every month consistently making between $40,000 -$70,000
Clients of mine who wanted to take risky positions in the stock with biotech companies. Through extensive due diligence, I studied stocks that had a lot of promising drugs in their pipeline and were in phases 2 & 3 of trials. I invested clients into a biotechnology stock that we held for about a year and this month July 2007 it had tremendous news catapulting the stock up by over 260% in one day over the next week and a half it’s shut up another 300%.
The returns on investments were tremendous for July 2007 the commissions that I generated during that month I would then get paid on August 15 because in the brokerage business when you’re a full-service licensed securities investment broker you get paid once a month from the firm on the 15th of every month.
On August 15 of 2007, I was paid over $230,000 in commission for July. So for July 1 to the end of July, I did over 230,000 in commissions in one month! The next month I made an additional $140,000. Between the two months, I made about $370,000!
In two months, 40 trading days there are 20 trading days in each month so for two months 40 trading days I earned about $370,000.
It was a tremendous time, my book of business grew tremendously. Mind you before this I was generating $40,000-$70,000 a month consistently. One day in July a few hours after the market had closed I was sitting in my office in Rockafella center in the Radio City Building overlooking Central Park I was calculating all my daily commissions for the day and in one single day I made over $78,000 in commissions. In one day! some people don’t even make that a year what I made in a day. I was studying charts I was going to conferences attending a lot of biotech conferences. I was attending so many conferences in midtown Manhattan and biotech conferences from the Waldorf Astoria going to black-tie gala events having one on one meetings with biotech CEOs having phone calls with them keeping tabs on what they were doing I was putting a tremendous amount of work in and it paid off tremendously. I’ve done an enormous amount of due diligence and research before I made a decision on his company to go ahead and buy the shares and it was only suitable for a certain amount of my clientele it wasn’t suitable for everyone so the ones that wanted to buy it they bought it and they reap the rewards. I was getting anywhere from 10 to 12 referrals from each existing client. Each of my customer’s monthly statements was my report card. They put me in competition with all their other brokers and I outperformed them all nobody held a candle to my performance. I had referrals coming in left and right more than I can handle. I had to hire 2 additional sales assistants & 2 additional secretaries.