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I'm up 210% in the Stock Market. Who wants Stock tips?
I am up 210% in 2 months. It takes most people 20 years to be up that much :)
It's all about minimizing your risk through technical analysis and then getting in and out, let those winners run and cut the losers loose right away. And most importantly, don't listen to CNBC or your broker for stock advice. If there is enough people interested, I will start posting my stock tips here in like a weekly thread. Who is interested? |
I would be interested, maybe you should just do a email newsletter
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why not :)
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yeah do a news letter and show scren shots of what is doing well for you and charge 30 a month for the newsletter
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I bet you watched the movie, "WallStreet" last night
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Good work! I'll tune in.
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I used to watch Wall Street and Boiler Room almost nightly, I think got the majority of the good lines memorized at this point. Always a great movie night for some motivation to get work done the next day :thumbsup
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I wouldnt agree that it takes most people 20 years to be up 210%. We should have a thread. Ill post pics too.
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i want some tips
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I am extremely interested. Post some tips DAILY! =)
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definetly interested. btw do you use online brokers?
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Hehe, well, let's not jump ahead of ourselves yet :) |
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and if yes, who? |
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sure, tips are always welcome :winkwink:
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Good stuff. Bring it on! :thumbsup
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The GFY stock club ... count me in
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210% in 2 months is 105% monthly, performances like that cant be done with low risk
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The advantage that Ameritrade has, and it could be a big one, is that if you trade OTC stocks (penny stocks), Ameritrade will cost $10.99 for unlimited amount of shares where as Etrade is $10 per each 5000 shares. I am starting to get into some OTC stocks (they are very very risky, I don't recomment anyone that is starting out to touch OTC's) and I bought a stock with Etrade that was 45 cents a share, and I bought 50,000 shares, and I ended up paying $100 on the commison on that trade to Etrade where as it would have only cost me $10.99 at Ameritrade. You have to realize that as a day trader, your biggest expense is commision, it is imperative that you keep that cost down as much as possible, so if I continue to play the OTC's, I may switch to Ameritrade, or have 2 accounts, one at Ameritrade for OTC's and another at Etrade for regular trades. |
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This is why you have to watch the market daily, and for some people, that is impossible to do, so if you fall into that catagory, this is NOT for you. |
Never ever take advice from brokers/news sites.. very true ;-) Just learn to read the numbers! My portfolio is up quite nicely ;-)
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Tips would be great. You might want to look into starting a newsletter if you get alot of interested people.
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Just remember that you haven't made the money until its cash in your pocket. A lot of people had great returns in 99 and still lost everything.
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yes id be very interested in a newsletter, or at least in hearing your system...
2% downside per trade.. what is the upside potential? at what point do u take your gains? |
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Of course they put a nice spin on it and pretending they are doing you and your retirement a favor, but the only favor they are doing is to their bottom line. Now, would you take tips on how to manage your money from a glorified telemarketer? You should take matters into your own hands. Do your own research, and DO NOT trust you hard earned money with those wallstreet crooks. There were brokers that were still recomending Enron up untill it filed for bankruptcy. Learn from the past. |
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Unfortunately those movies dont make you smart :) |
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And we will set the stops in manually, so it will automatically sell the stock once it goes down 2% from our entry point. This is because if you do not set the stop manually, when it comes to selling, many people will actually divert from the rule thinking "well, it will probably come back up, and this is when a simple trade could turn into a complete disaster. I won't do a newsletter, I still have a Adult business to run :) but I will do a thread here where I will post the daily picks and my entry points and you guys can see if it is right for you. No one here should just jump in and follow my picks right away, you should do some research of your own (I will teach you guys how the system works) and then you can decide for yourself if it will work out for you. Be back after lunch. |
good stuff... please, continue!
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Most Mutual Fund managers would kill for a 11% gain in 1 YEAR now a days. How about a 11% gain in 3 DAYS on a day when the Markets are down? :)
http://www.studiocash.com/stock1.jpg |
Meta - do you have some spare min on icq nowadays ;) ?
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Looking forward to it |
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Meta, is it worth trading on a daily basis, do you take taxes into account, aren't they 50% on short term capital gains ( day trading ) ?
Also how much money are we really talking about here, because it seems that with the # of trades you're doing on a daily basis you lose quite a bit of your profit to comission and that probably means that there isn't much profit to begin with And finally, doesn't it make more sense to use 1 broker say Etrade for its level2 app and say ameritrade for OTC stocks? |
this kind of trading is done very often for daytraders. They calculate their risk, say R, and they won't risk more on every trade. They determine size of position based on R. I'm telling you that you will lose more often than not with this model, except, since you are only losing R on each trade, your winners will compensate for the losers. I know professional traders who've been trading much longer than you've been toilet trained and they don't make 200+%. It's not a special model you found, and the fact is, you're looking for certain criteria before you enter a trade and count on only losing R but possibly on a winner making 3-4 X R. So it's nice you made 200% in 2 months, but talk to me in a year from now, you may have gotten 1 or 2 lucky picks, but with your model I don't see you consistenly doing it.
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Wow - You Are A Legend In Your Own Mind
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:raises hand:
I'm down again, with this one evil tech stock. |
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