$100,000,000?! Stock Market

64 replies
  • OFF TOPIC
  • |
I was debating whether or not to post this on the WF.

Latly all the money I have been getting via Internet marketing I have dumped right into the stock market. I currently have $30,000 in the market.

I know what you are thinking... SuckS to be me... Well not really.

As the market is low in just about 3-12 months my potential is over $200,000.

Why? Well as a value investor (if you know Warren Buffet then you should know he is a value investor and I learned from him..

So as the market is low obviously buy and when the market is high sell. Which companies???!? Well that's what Warren and Benjamin graham explain the te intelligent investor book.

How many warriors would EVER invest your money?

Why do I know this will work? Because during the 2004 downfall I did this same thing (with my dad) and only with $500 that I saved up with working with my grandpa almost all summer. By 2006 the $500 turned into $18,00.

I did flip and add more cash but just with $500 and then that's when I started my IM career.

How many of you would actually take your time and money to invest?
#$100 #market #stock
  • Profile picture of the author JamesGw
    We'll be below 10,000 by November, I think. I might buy then.
    {{ DiscussionBoard.errors[4426038].message }}
    • Originally Posted by JamesGw View Post

      We'll be below 10,000 by November, I think. I might buy then.
      What the Dow jones (DJI)?
      Signature
      Next time you're at a McDonald's Playplace and someone asks you, "Aww which one is yours?" Say, "I haven't picked one out yet..."

      Im selling 2 adwords accounts with $100 in each account for $30! $200 value! PM me only!
      {{ DiscussionBoard.errors[4426053].message }}
      • Profile picture of the author JamesGw
        Originally Posted by DanDasilva15YearOldIM View Post

        What the Dow jones (DJI)?
        Yeah, sorry. Wasn't clear.
        {{ DiscussionBoard.errors[4426076].message }}
        • Profile picture of the author myob
          Today was a panic sell-off. I went on a bit of shopping spree myself, and picked up some nice prime bargains.

          The same thing happened nearly three years ago. Those who were able to take advantage of the top companies at bargain-basement prices in 2008 made millions when it bounced back early this year.

          Not recommended for the faint-hearted, though. I could be wrong - this time.
          {{ DiscussionBoard.errors[4426103].message }}
          • Originally Posted by myob View Post

            Today was a panic sell-off. I went on a bit of shopping spree myself, and picked up some nice prime bargains.

            The same thing happened nearly three years ago. Those who were able to take advantage of the top companies at bargain-basement prices in 2008 made millions when it bounced back early this year.

            Not recommended for the faint-hearted, though. I could be wrong - this time.

            Yeah man. What a lot of people don't know is that you are allowed to call a company in the stock market and ask for the CEO or te financial advisers to get information about the companies.

            You are allowed to request information such as financials if Rey haven't launched it as any news. You can ask any questions and by law they HAVE to answer them or the SEC will kick them out of the market If they dot report it to you.

            I took advantage of that and called up like 15 companies asking if they had any plans and what insider information try could leak out to me. That's how I was able to be up $680 today while most investor where panicing.

            Given $680 is not such a good day but atleast I'm not negative
            Signature
            Next time you're at a McDonald's Playplace and someone asks you, "Aww which one is yours?" Say, "I haven't picked one out yet..."

            Im selling 2 adwords accounts with $100 in each account for $30! $200 value! PM me only!
            {{ DiscussionBoard.errors[4426142].message }}
  • Profile picture of the author Ken Strong
    Originally Posted by DanDasilva15YearOldIM View Post

    Why do I know this will work? Because during the 2004 downfall I did this same thing (with my dad) and only with $500 that I saved up with working with my grandpa almost all summer. By 2006 the $500 turned into $18,00.
    You were investing in the stock market when you were eight years old?
    {{ DiscussionBoard.errors[4426045].message }}
    • Originally Posted by Ken Strong View Post

      You were investing in the stock market when you were eight years old?

      Yup. Dad helped me tho. I gave $250 and he gave $250. He didn't have any obligations. Now at 15 (almost 16) I am working on search stocks from 9:30-4:00 EST.

      It's what I love to do.
      Signature
      Next time you're at a McDonald's Playplace and someone asks you, "Aww which one is yours?" Say, "I haven't picked one out yet..."

      Im selling 2 adwords accounts with $100 in each account for $30! $200 value! PM me only!
      {{ DiscussionBoard.errors[4426105].message }}
      • Profile picture of the author myob
        Originally Posted by DanDasilva15YearOldIM View Post

        ...It's what I love to do.
        I know the feeling. Nice work, and an excellent choice to learn from Warren Buffet. Also, track the trades of the corp insiders. They are required to file with the SEC.
        {{ DiscussionBoard.errors[4426154].message }}
  • 2008-2009 stocks were dirt cheap, especially the worthless companies that took buy out, AIG for example under a buck, 2 years later they shot up over 50 bucks a share, plenty to be make. If you can spend a grand and make 10 or more quick move on.
    {{ DiscussionBoard.errors[4426172].message }}
    • Originally Posted by FirstChoiceSystems View Post

      2008-2009 stocks were dirt cheap, especially the worthless companies that took buy out, AIG for example under a buck, 2 years later they shot up over 50 bucks a share, plenty to be make. If you can spend a grand and make 10 or more quick move on.

      So just making a a quick buck isn't for blue chop stocks. Such as apple or any fortune 500. The HUGE money is in Penny stocks and their I a product on clickbank that I bought that helped me make a ton of money via penny stocks. The way it works is this guy James promotes a penny stock of the week and he has like a 50,000 people list!

      This is known ad mometum marketing. He will blast a good penny stock and say all 50,000 people buy 100 Shara at a penny that's a total volume injustice over 500,000 shares and the price pr's ip normally between 20% an I have been on his promotion where I got over 1300% profit!

      BUT... There always is a but...

      You have to be one of the first to buy this stock to make a profit via momentum marketing. The 50,000th buyer wot make any money unless more
      investors see the potential an start buying
      Signature
      Next time you're at a McDonald's Playplace and someone asks you, "Aww which one is yours?" Say, "I haven't picked one out yet..."

      Im selling 2 adwords accounts with $100 in each account for $30! $200 value! PM me only!
      {{ DiscussionBoard.errors[4426214].message }}
      • Profile picture of the author Thomas Wilkinson
        Originally Posted by DanDasilva15YearOldIM View Post

        So just making a a quick buck isn't for blue chop stocks. Such as apple or any fortune 500. The HUGE money is in Penny stocks and their I a product on clickbank that I bought that helped me make a ton of money via penny stocks. The way it works is this guy James promotes a penny stock of the week and he has like a 50,000 people list!

        This is known ad mometum marketing. He will blast a good penny stock and say all 50,000 people buy 100 Shara at a penny that's a total volume injustice over 500,000 shares and the price pr's ip normally between 20% an I have been on his promotion where I got over 1300% profit!

        BUT... There always is a but...

        You have to be one of the first to buy this stock to make a profit via momentum marketing. The 50,000th buyer wot make any money unless more
        investors see the potential an start buying
        That's just one of the reasons I would never touch a penny stock. There are a thousand scammers out there who pull this same crap everyday.
        Signature
        When you hear someone telling you what YOU can't do, they are usually talking about what THEY can't do.
        {{ DiscussionBoard.errors[4429576].message }}
  • Profile picture of the author nickdamodda
    I did the same thing. I'm young and no nothing about the market. Gave money to my dad and he made it A LOT more. Love it
    {{ DiscussionBoard.errors[4426224].message }}
    • Profile picture of the author R Hagel
      Originally Posted by DanDasilva15YearOldIM View Post

      Latly all the money I have been getting via Internet marketing I have dumped right into the stock market. I currently have $30,000 in the market.

      Really? You have $30,000 in the stock market?


      And yet you said just a few weeks ago that you're scared to spend $20 here on the WF to advertise a service. SCARED. Let me refresh your memory:

      Originally Posted by DanDasilva15YearOldIM View Post

      Well I'm scared about paying the $20 and then my service not being wanted. It's a risk but is it one worth taking? I know I can do backlinks for a really good price and a lot of them. I don't know if people are interested...
      (Original thread here.)


      I was debating whether or not to post this on the WF
      I can see why.
      {{ DiscussionBoard.errors[4426271].message }}
      • Originally Posted by R Hagel View Post

        Really? You have $30,000 in the stock market?
        No, his dad has $30k in Junior's college fund.

        It's not going to be enough.

        fLufF
        --
        Signature
        Fiverr is looking for freelance writers for its blog. Details here.
        Love microjobs? Work when you want and get paid in cash the same day!
        {{ DiscussionBoard.errors[4426299].message }}
      • Profile picture of the author carlo_sim
        Originally Posted by R Hagel View Post

        Really? You have $30,000 in the stock market?


        And yet you said just a few weeks ago that you're scared to spend $20 here on the WF to advertise a service. SCARED. Let me refresh your memory:



        (Original thread here.)




        I can see why.
        I think he is just weighing on his risks, whether or not he will profit from the investment that he will put out. I think the same way too, it doesnt matter if it's a dollar or 2, i just don't want to be on the negative end.
        {{ DiscussionBoard.errors[4426367].message }}
        • Originally Posted by carlo_sim View Post

          I think he is just weighing on his risks, whether or not he will profit from the investment that he will put out. I think the same way too, it doesnt matter if it's a dollar or 2, i just don't want to be on the negative end.
          Percisly. that's my point.
          Signature
          Next time you're at a McDonald's Playplace and someone asks you, "Aww which one is yours?" Say, "I haven't picked one out yet..."

          Im selling 2 adwords accounts with $100 in each account for $30! $200 value! PM me only!
          {{ DiscussionBoard.errors[4426468].message }}
  • Yup I guess brad gross is right everyone has haters. I can see who hate on me in this thread. Sorry that I know more then you...

    P.S. Why would I spend $20 on the WF When it MIGHT work and I have been in the stock market longer where I know the INS and outs. Thanks tho.

    Ok who goes out of their way to pull up threads like that? Can I get your point?
    Signature
    Next time you're at a McDonald's Playplace and someone asks you, "Aww which one is yours?" Say, "I haven't picked one out yet..."

    Im selling 2 adwords accounts with $100 in each account for $30! $200 value! PM me only!
    {{ DiscussionBoard.errors[4426322].message }}
    • Profile picture of the author myob
      Originally Posted by DanDasilva15YearOldIM View Post

      Yup I guess brad gross is right everyone has haters. I can see who hate on me in this thread. Sorry that I know more then you...

      P.S. Why would I spend $20 on the WF When it MIGHT work and I have been in the stock market longer where I know the INS and outs. Thanks tho.

      Ok who goes out of their way to pull up threads like that? Can I get your point?
      Dan,

      Consider this an early lesson. The "hatred" expressed is not directed specifically at you at all, but rather at your impressive success and ambitions, being so young.

      So don't let this jealousy get to you or otherwise deter you from your goals, because it will intensify as your success grows. You can be helpful by using your success in other ways.
      {{ DiscussionBoard.errors[4426539].message }}
  • An 2nd of all. Why in the world would
    I pull out the 30k if it's making money. It like stopping your car on the highway expecting nothing to happen to you.
    Signature
    Next time you're at a McDonald's Playplace and someone asks you, "Aww which one is yours?" Say, "I haven't picked one out yet..."

    Im selling 2 adwords accounts with $100 in each account for $30! $200 value! PM me only!
    {{ DiscussionBoard.errors[4426334].message }}
  • None the less. I read the threads also. I never once mentioned that I coulndt afford it I asked if it would be profitable...
    Signature
    Next time you're at a McDonald's Playplace and someone asks you, "Aww which one is yours?" Say, "I haven't picked one out yet..."

    Im selling 2 adwords accounts with $100 in each account for $30! $200 value! PM me only!
    {{ DiscussionBoard.errors[4426441].message }}
  • Profile picture of the author carlo_sim
    Well, I try to stay out of the market for now.. once you see the signal to buy then that's the time to go in once again =)

    Try to look at the charts, it really helps in times like these =)
    {{ DiscussionBoard.errors[4426534].message }}
  • Profile picture of the author The 13th Warrior
    Originally Posted by DanDasilva15YearOldIM View Post


    I currently have $30,000 in the market.


    Dude, are you like the "Harry Potter" of Wall Street or what?

    Investing at 8?

    What was your favorite toy, the game of Monopoly?

    Did you play with toy soldiers or with bullion coins?

    Was your baby crib a wall-safe..., was your diapers made out of Wells Fargo deposit bags..., was your school bus a Brinks truck or what, RichieRich?

    At about $4,286 average per year, by 25, you should have about $72,860 , providing the stock market don't crash harder than '29 or that our dollar is worth more than toilet paper.

    Too bad you can't secure your money with gold backed insurance or something.

    Or a barrel of crude or something.

    Shows how much I know about the market, I'm no Gordon Gekko.

    The 13th Warrior
    {{ DiscussionBoard.errors[4426575].message }}
    • Originally Posted by The 13th Warrior View Post

      Dude, are you like the "Harry Potter" of Wall Street or what?

      Investing at 8?

      What was your favorite toy, the game of Monopoly?

      Did you play with toy soldiers or with bullion coins?

      Was your baby crib a wall-safe..., was your diapers made out of Wells Fargo deposit bags..., was your school bus a Brinks truck or what, RichieRich?

      At about $4,286 average per year, by 25, you should have about $72,860 , providing the stock market don't crash harder than '29 or that our dollar is worth more than toilet paper.

      Too bad you can't secure your money with gold backed insurance or something.

      Or a barrel of crude or something.

      Shows how much I know about the market, I'm no Gordon Gekko.

      The 13th Warrior
      Naah dipers were made from papmpers, crib was next to a safe and I never road a bus to school always got a limo

      anywy your cal's are off don't forget the 40% capital gains and the $4.50 trade fee for each trade. Are you talking minimum investment of only $1,000 at the avearage yield of 13%?
      Signature
      Next time you're at a McDonald's Playplace and someone asks you, "Aww which one is yours?" Say, "I haven't picked one out yet..."

      Im selling 2 adwords accounts with $100 in each account for $30! $200 value! PM me only!
      {{ DiscussionBoard.errors[4426762].message }}
  • Profile picture of the author yukon
    Banned
    I bought $5,000 worth of BIDU today, looking for +20% profit by the end of the year.
    {{ DiscussionBoard.errors[4426999].message }}
  • Profile picture of the author light_taurus
    Since when making from $30,000 to $200,000 in 3-12 months is called investing? It is gambling
    {{ DiscussionBoard.errors[4427091].message }}
    • Profile picture of the author myob
      Originally Posted by light_taurus View Post

      Since when making from $30,000 to $200,000 in 3-12 months is called investing? It is gambling
      In 2008, it was called "investing", when value was recognized, and returned far more than that little multiple. Some investors now are ready for a repeat performance.
      {{ DiscussionBoard.errors[4427329].message }}
      • Profile picture of the author ewenmack
        The money is at far too greater risk by you speculating.

        You're planning on speculating, not investing.

        If you were investing you wouldn't be asking here for others opinions
        because your methodology would give you the answers.

        Clearly you haven't nailed a method that is safe and proven.

        Investing is never risky, it's the person with the money that's risky.

        Best,
        Ewen
        {{ DiscussionBoard.errors[4429210].message }}
  • Profile picture of the author RicardoD
    Wow. You guys started early. Well played.
    {{ DiscussionBoard.errors[4427149].message }}
  • Profile picture of the author sloanjim
    "if you have to ask...you shouldn't be in.." Linda R. Market Wizards volume 2 i think. Why are you asking others this? Come on.
    Signature

    15 Minute Forex Bar Trading System Free at
    http://www.fxscalpingmethod.com

    {{ DiscussionBoard.errors[4430129].message }}
  • Profile picture of the author sloanjim
    hmm...but if you run the pump and dump it's very lucrative!

    That's just one of the reasons I would never touch a penny stock. There are a thousand scammers out there who pull this same crap everyday.
    Signature

    15 Minute Forex Bar Trading System Free at
    http://www.fxscalpingmethod.com

    {{ DiscussionBoard.errors[4430130].message }}
  • Profile picture of the author sloanjim
    and why exacfly do you think it will buck it;s tredn at the start of huge general market sell off?

    I bought $5,000 worth of BIDU today, looking for +20% profit by the end of the year.
    Baidu, Inc. Share Price Chart | BIDU - Yahoo! UK & Ireland Finance
    Signature

    15 Minute Forex Bar Trading System Free at
    http://www.fxscalpingmethod.com

    {{ DiscussionBoard.errors[4430139].message }}
    • Originally Posted by sloanjim View Post

      and why exacfly do you think it will buck it;s tredn at the start of huge general market sell off?



      Baidu, Inc. Share Price Chart | BIDU - Yahoo! UK & Ireland Finance


      Well take it like this. A chart for a stock I like a puzzle with no picture printed on it. If you piece it together (just buy the stock without doing your due diligence) then you might not know the outcome.
      The best thing to do first is check who is on the board and their qualifications. Then get avg volume ad estimate to try to did your total PE (google on how to did a PE of a stock.)

      also tryi to base something of a trend if you want to make the REALLY quick money. For example since activision (atv or actv) is the biggest game maker for call of duty. It's coming out in November and I am going to buy 1,000 shares later on today because it's almost a guarentee
      to make $5 whenthe game launches during that quater.


      By the way BIDU is still going to keep falling. I say it will fall another 5-10 points today and I will set a limit of $125.75 per share once it hits 120.

      Signature
      Next time you're at a McDonald's Playplace and someone asks you, "Aww which one is yours?" Say, "I haven't picked one out yet..."

      Im selling 2 adwords accounts with $100 in each account for $30! $200 value! PM me only!
      {{ DiscussionBoard.errors[4431192].message }}
      • Profile picture of the author yukon
        Banned
        Originally Posted by DanDasilva15YearOldIM View Post

        Well take it like this. A chart for a stock I like a puzzle with no picture printed on it. If you piece it together (just buy the stock without doing your due diligence) then you might not know the outcome.
        The best thing to do first is check who is on the board and their qualifications. Then get avg volume ad estimate to try to did your total PE (google on how to did a PE of a stock.)

        also tryi to base something of a trend if you want to make the REALLY quick money. For example since activision (atv or actv) is the biggest game maker for call of duty. It's coming out in November and I am going to buy 1,000 shares later on today because it's almost a guarentee
        to make $5 whenthe game launches during that quater.


        By the way BIDU is still going to keep falling. I say it will fall another 5-10 points today and I will set a limit of $125.75 per share once it hits 120.

        Sure it could happen (drop further) I doubt it will. Even If it does drop, I'll sit on that stock until it rebounds in an awesome way!

        Short term it's a damn good deal, long term it's a better deal. I don't think BIDU has ever had a bad quarterly report yet. Heck they have NO competition in China, lol.
        {{ DiscussionBoard.errors[4431726].message }}
    • Profile picture of the author yukon
      Banned
      Originally Posted by sloanjim View Post

      and why exacfly do you think it will buck it;s tredn at the start of huge general market sell off?



      Baidu, Inc. Share Price Chart | BIDU - Yahoo! UK & Ireland Finance
      Because I know a good deal when I see it!

      I bought the stock yesterday when everyone was freaking out (the sky is falling ).

      I cashed out another stock about a week ago & have been waiting to jump in If BIDU dropped a large percentage (and it did).

      As of 10AM EST BIDU is up +5.11% in a 1/2 hour of the market opening.

      I'm not trying to be cocky about BIDU, I've done my research & have watched/bought/sold this stock for about 3 years, my buy isn't some knee jerk reaction.

      The value of a stock has to have a reason to fall by a drastic amount, yesterday (Mon. 8th) wasn't anything related to BIDU, the stock was strong long before the market panic ever set in & is still going strong.
      {{ DiscussionBoard.errors[4431693].message }}
  • Profile picture of the author dagaul101
    It's great if you can read the market well, but in this financial situation and what has happened with big firms, people are a little cautious
    {{ DiscussionBoard.errors[4431326].message }}
  • Profile picture of the author domainarama
    While Graham and Buffett are strong pillars to lean on, don't forget that every market is different. Not all markets follow Graham and Buffett's rules. For instance yesterday Buffett was put on a watch list for downgrading.

    I follow BIDU too. I wouldn't invest long term in BIDU. IF IF IF the world's markets have more down days like yesterday it is possible the entire Chinese market will fall (as well as the US and Euro markets). This morning there was a report that inflation in China is getting bad. If I traded in BIDU (and SINA) I'd do so one day at a time. I would never hold the stock over a weekend.

    Most people BY FAR lose money investing in penny stocks. Something like 90% or more.
    {{ DiscussionBoard.errors[4431829].message }}
    • Profile picture of the author yukon
      Banned
      Originally Posted by domainarama View Post

      While Graham and Buffett are strong pillars to lean on, don't forget that every market is different. Not all markets follow Graham and Buffett's rules. For instance yesterday Buffett was put on a watch list for downgrading.

      I follow BIDU too. I wouldn't invest long term in BIDU. IF IF IF the world's markets have more down days like yesterday it is possible the entire Chinese market will fall (as well as the US and Euro markets). This morning there was a report that inflation in China is getting bad. If I traded in BIDU (and SINA) I'd do so one day at a time. I would never hold the stock over a weekend.

      Most people BY FAR lose money investing in penny stocks. Something like 90% or more.

      IMO BIDU is a solid long term investment, they have a monopoly on China search traffic, you can't ask for anything more. Until the China Gov caves in on their rules (not going to happen) Google doesn't stand much of a chance. No other China search is strong enough to take on BIDU. It's like free $$ for BIDU.

      Lol, at the penny stocks, that is the BIGGEST scam ever!

      With $2-3K you can make that stock soar higher than a #@$%&*!

      The 2nd guy into the penny stock will lose his azz, because the first guy will sell as soon as the penny stock goes higher. I can see it now the first guy sitting there waiting with his finger hovering over the mouse button, ready to click the sell button, LMAO!
      {{ DiscussionBoard.errors[4431918].message }}
  • Profile picture of the author domainarama
    Your faith in BIDU exceeds mine. Good luck.

    If you want the underappreciated Indian equivalents to China's BIDU look at REDF and SIFY.

    The penny stock tactic you describe is called the "Greater Fool" strategy. You make money by selling your stock to a greater fool. Almost all (maybe 99.99%) penny stock market newsletter do this. They hype stocks which they already own so the price goes up and they can sell. This is a well-documented strategy that has filled many prison cells.
    {{ DiscussionBoard.errors[4432001].message }}
  • Profile picture of the author domainarama
    Sure, FOREX is a place to make money. But over 90% of small-time FOREX speculators lose money. Be careful.
    {{ DiscussionBoard.errors[4432139].message }}
  • Profile picture of the author yukon
    Banned
    Cha-Ching!

    Not bad for a single day +10.11%

    I'm still sitting on this one, I want +20%

    I better chill out before I jinx myself, lol.




    {{ DiscussionBoard.errors[4435534].message }}
    • Profile picture of the author myob
      That's what I'm talkin' 'bout! Some of my stocks have nearly doubled since yesterday. Going for another round, on a stock-shopping spree.
      {{ DiscussionBoard.errors[4436027].message }}
  • Profile picture of the author yukon
    Banned
    Ok, I'm out of BIDU

    I made +12.64% in three days, I'll be in/out of BIDU multiple times before the end of the year.

    I got out today because I wasn't going to pass up the easy +12.63%, lol.

    I'll wait for it to drop again (maybe early next week?) then I'll get back in.

    I've noticed the pump & dump trend on almost every stock I've looked at the last couple of days (like a roller coaster, lol), BIDU started to level off today, so I figure nows a good time to cash in.

    Anyone else got any good leads?

    I'm looking at SINA, havn't decided on that one yet.
    {{ DiscussionBoard.errors[4447790].message }}
    • Profile picture of the author myob
      Look for otherwise decent companies that have been hammered in the markets by what appears to be panic selling. They're the ones most likely will shoot way up. I've just been doing hourly/day trading with the more volatile stocks and made nearly $100,000 since Monday.

      Some of the stocks you can probably still do well by trading on the volatility within their relatively narrow extremes are News Corporation (NWSA), Bank of America (BAC) and Cisco Systems (NMS).
      {{ DiscussionBoard.errors[4448125].message }}
      • Profile picture of the author yukon
        Banned
        D@mn dude your killin it, $100k in less than a week!!

        Is that after fees?

        I don't doubt that high number because when everyone starts to panic, that's the time to get in a stock. Like I said above, it's like a roller coaster BIG time right now.

        Tell me your ways... Ol' Wise One!

        No joke, I would like to get into day trading, how did you get started, what software are you running (If any)?

        I looked into day trading about six months ago & just got side tracked with other business. Still I want to get started with it!



        Originally Posted by myob View Post

        Look for otherwise decent companies that have been hammered in the markets by what appears to be panic selling. They're the ones most likely will shoot way up. I've just been doing hourly/day trading with the more volatile stocks and made nearly $100,000 since Monday.

        Some of the stocks you can probably still do well by trading on the volatility within their relatively narrow extremes are News Corporation (NWSA), Bank of America (BAC) and Cisco Systems (NMS). Right now I'm out of every position, and just waiting to see the kind of ride that tomorrow might bring.
        {{ DiscussionBoard.errors[4448338].message }}
        • Profile picture of the author Kay King
          If you bought on Monday and Wednesday and sold on Tuesday and Thursday - you had a great week. However, I'd stay far away from BAC.
          Signature
          Saving one dog will not change the world - but the world changes forever for that one dog
          ***
          Please do not 'release balloons' for celebrations. The balloons and trailing ribbons entangle birds and kill wildlife and livestock that think the balloons are food.
          {{ DiscussionBoard.errors[4448487].message }}
          • Profile picture of the author myob
            Originally Posted by yukon View Post

            D@mn dude your killin it, $100k in less than a week!!

            Is that after fees?


            It is all clear, unecumbered profit, and really not at all different from what you and Dan have been doing. Just scale it up and shorten the trading cycles. Investors like myself have been making millions by capitalizing on panic and contrarian buying like from the big "crashes" in 1984, 1987, 2004, 2008 .... etc. Dan was trying to explain his system, but got run out of his own thread by small thinking pea-brains. But, the pea-brains may be right ... this time.
            {{ DiscussionBoard.errors[4448541].message }}
            • Profile picture of the author yukon
              Banned
              Originally Posted by myob View Post

              It is all clear, unecumbered profit, and really not at all different from what you and Dan have been doing. Just scale it up and shorten the trading cycles. Investors like myself have been making millions by capitalizing on panic and contrarian buying like from the big "crashes" in 1984, 1987, 2004, 2008 .... etc. Dan was trying to explain his system, but got run out of his own thread by small thinking pea-brains. But, the pea-brains may be right ... this time.
              What I don't understand is how you guys that day trade get around the short term 3 day holding period?

              Don't you have to wait 3 trading days before you can reinvest the same money, isn't that a federal law?
              {{ DiscussionBoard.errors[4448746].message }}
              • Profile picture of the author myob
                Professional investors don't pay any attention to things like that silly "federal law", or whatever it is. Computer programmed trades are being done thousands of times a day at incremental changes in fractions of a penny. :rolleyes:
                {{ DiscussionBoard.errors[4448843].message }}
                • Profile picture of the author yukon
                  Banned
                  Originally Posted by myob View Post

                  Professional investors don't pay any attention to things like that silly "federal law", or whatever it is. Computer programmed trades are being done thousands of times a day at incremental changes in fractions of a penny. :rolleyes:
                  Lol, ok

                  So you have to be running some software If your making multiple trades per day, is that correct?

                  How are you trading without a broker?

                  I understand the multiple trades per hour, etc... I just don't know how or who to setup everything to actually start day trading. Might have to go buy a day trading dummies book at amazon, LMAO!

                  Thanks,
                  {{ DiscussionBoard.errors[4448928].message }}
                  • Profile picture of the author myob
                    I personally don't use any trading software; multiple trades are all done online. Any online discount broker can set you up with this, such as etrade or scottrade for example; just shop around. I believe most will require a minimum $25,000 surety bond or comparable securities account balance to start.
                    {{ DiscussionBoard.errors[4449263].message }}
                  • Profile picture of the author Bio Clean
                    I would stay out of the market for the time being. It cannot withstand the current debt and trade deficit.
                    {{ DiscussionBoard.errors[4466299].message }}
                • Profile picture of the author myob
                  The 15 year old boy has learned much since his early days ...

                  {{ DiscussionBoard.errors[4467915].message }}
  • [DELETED]
    {{ DiscussionBoard.errors[4449274].message }}
    • Profile picture of the author myob
      Nah, I'd stay out and wait. The DOW was up 423pts today. Tomorrow will be a big sell-off day.
      {{ DiscussionBoard.errors[4450520].message }}
      • Profile picture of the author Thomas Wilkinson
        Originally Posted by myob View Post

        Nah, I'd stay out and wait. The DOW was up 423pts today. Tomorrow will be a big sell-off day.
        The Dow, not that the Dow actually matters, was up 125 points today.
        Day trading is a fools errand. So is buy and hold. Also, stay the hell away from the pink sheet crap. (penny stocks) I've never known a single day trader who lasted a year, (Most much less) and I'm three days older than dirt. For all the drama this week the Dow only ended up about 50 points less than it started the week. That's about average for the second week in August.

        If you are gonna do the business, learn the business. Technical analysis is a must. Know it like you know the color of your eyes. Eventually you'll be able to look at a chart across the room and know what's what with any equity. Steve Achelis has an excellent book on indicators. Lawrence McMillan is the options expert along with Bernie Shaffer. Don't try to reinvent the wheel. Learn what works and do that. Job one is "don't lose". Learn the rules of RISK MANAGEMENT and follow them religiously. You will also have to learn your own tolerance for risk. Its different for everyone and it changes over time. Become a percentage player. Base hits, base hits, base hits and your a star. Babe Ruth might have held the home run record but he also held the strike out record for decades. Its possible to make money when a stock goes up, goes down, or treads water. Just different techniques. BIG!---> Don't think you have to trade just because the market is open. The most difficult thing I had to learn was patience. I have a separate computer running here in the office with all my charts and indicators running. Sometimes I don't make a trade for three or four days. There are different techniques for after hours trading than there are when the markets are open. Don't try to trade after hours until you get real real good at trading during market hours.

        Thomas
        Signature
        When you hear someone telling you what YOU can't do, they are usually talking about what THEY can't do.
        {{ DiscussionBoard.errors[4458173].message }}
        • Profile picture of the author myob
          Originally Posted by Thomas Wilkinson View Post

          If you are gonna do the business, learn the business.
          Good advice, but first understand the kind of business you are in, and the type of people you are playing with. The rules have drastically changed, as shown beginning in 2004. The market is totally dislocated from the news, technical indicators, and even the quality of underlying stocks. All you need to understand is fear and greed. These are the only things driving the stock market and gold prices. Even the 15 year old OP, Dan can see this and understands it better than most of the "seasoned" pros. Contrarian investing rules now.
          {{ DiscussionBoard.errors[4462461].message }}
          • Profile picture of the author yukon
            Banned
            Originally Posted by myob View Post

            Good advice, but first understand the kind of business you are in, and the type of people you are playing with. The rules have drastically changed, as shown beginning in 2004. The market is totally dislocated from the news, technical indicators, and even the quality of underlying stocks. All you need to understand is fear and greed. These are the only things driving the stock market and gold prices. Even the 15 year old OP, Dan can see this and understands it better than most of the "seasoned" pros. Contrarian investing rules now.
            Actually, I think we all witnessed that the news/media plays a huge role in the stock market.

            The media hype had been prepping the stage for the last few weeks that all hell was about to break out, days before 8/8/2011.

            A week before (8/8/2011) I had all my money tied up in other stocks that did ok, but I had a gut feeling that panic was about to set in (and it did), so I pulled all my money & kept watching BIDU like a hawk waiting for it to drop. BIDU dropped & I was all in ASAP!

            I was going to sit on BIDU for +20% & decided to cash in because I was already at +12% in less than 2 days. I took the money & ran.

            I had been in/out of BIDU a few times since the first of the year & already knew they were up +50% YTD. They didn't have a quarterly report, so I knew it was business as usual for BIDU.

            Anyways, my point is the news/media can be a good indicator when panic is about to set in, that sometimes gives you time to cash out of lower $$ stocks, regroup, & wait to pounce on the next stock.
            {{ DiscussionBoard.errors[4462915].message }}
          • Profile picture of the author Thomas Wilkinson
            Originally Posted by myob View Post

            Good advice, but first understand the kind of business you are in, and the type of people you are playing with. The rules have drastically changed, as shown beginning in 2004. The market is totally dislocated from the news, technical indicators, and even the quality of underlying stocks. All you need to understand is fear and greed. These are the only things driving the stock market and gold prices. Even the 15 year old OP, Dan can see this and understands it better than most of the "seasoned" pros. Contrarian investing rules now.
            The more things change, the more they stay the same.
            You keep doing it your way and I'll keep doing it mine. When I go into the market I'm not looking for BoA money or Wells Fargo money. I'm looking for yours, and I've outlasted ten zillion of you. (I'm also not looking for the easy button. There isn't one there either.)

            Thomas
            Signature
            When you hear someone telling you what YOU can't do, they are usually talking about what THEY can't do.
            {{ DiscussionBoard.errors[4463268].message }}
            • Profile picture of the author myob
              Use the Force, Thomas, and may it always be with you.

              {{ DiscussionBoard.errors[4463410].message }}
          • Profile picture of the author Thomas Wilkinson
            Originally Posted by myob View Post

            Even the 15 year old OP, Dan can see this and understands it better than most of the "seasoned" pros. Contrarian investing rules now.
            This is too easy. At 64 I wish I actually DID know about 5% of what I
            THOUGHT I knew at 15. Reminds me of a WSO I saw advertised here a
            couple of weeks ago. The headline was something like, "22 year old
            shares a LIFETIME of marketing experience with you." I wonder who's
            lifetime he was talking about? It was good for a chuckle though.

            Thomas
            Signature
            When you hear someone telling you what YOU can't do, they are usually talking about what THEY can't do.
            {{ DiscussionBoard.errors[4466281].message }}
  • Profile picture of the author BiancaRaven
    You obviously have a strong belief in what you're doing, but I don't know that I would call your method "value investing". There's a lot more to investing well (and profitably) than just buying low and speculating on a potential rise in the market prices.

    Buying low and hoping to sell high is called speculating, or gambling.
    Buying low and selling high is called trading, or flipping.

    Researching a solid stock of a strong company, with good financials behind it and strong management, and then determining whether the dividend yield is worth the original buy-in price of the stock is investing. I believe people call this "passive income".

    At least, that's where the vast amount of my own portfolio's profit has come from in the past 10 years I've been an active stock market investor. The day-to-day prices of the shares don't really bother me, as I'm not a 'trader'.

    If I choose to trade, I much prefer to trade on the Forex market, where it's infinitely easier to still profit no matter whether the market is rising or falling, and isn't dependent on the company management tactics of an individual. In fact, it's often much easier to flip currencies, faster, cheaper, and much more liquid than stocks.

    But good luck with your strategy. I hear there are people who do really well with this method.

    {{ DiscussionBoard.errors[4457254].message }}
  • {{ DiscussionBoard.errors[4463480].message }}
    • Profile picture of the author myob
      Originally Posted by yukon View Post

      Anyways, my point is the news/media can be a good indicator when panic is about to set in, that sometimes gives you time to cash out of lower $$ stocks, regroup, & wait to pounce on the next stock.
      If you wait until the news hits, you've already lost nearly all profit in the spread. And besides, the media can be manipulated. The stock market is full of sharks, preying on the fear and greed of all the little fish. Over the years, I have made a fortune just by recognizing and swimming with the sharks. You don't need "technical analysis" to see the fins.

      As I said previously, you need to first understand the kind of business you are in, and the type of people you are playing with. Over the next few weeks, the sharks will be on the move, making some big splashes. Some little fishies are destined to be eaten alive.
      {{ DiscussionBoard.errors[4465517].message }}
      • Profile picture of the author yukon
        Banned
        Originally Posted by myob View Post

        If you wait until the news hits, you've already lost nearly all profit in the spread. And besides, the media can be manipulated. The stock market is full of sharks, preying on the fear and greed of all the little fish. Over the years, I have made millions just by knowing and swimming with the sharks. You don't need "technical analysis" to see the fins.

        As I said previously, you need to first understand the kind of business you are in, and the type of people you are playing with. Over the next few weeks, the sharks will be on the move, making some big splashes. Some little fishies are destined to be eaten alive.
        My point was, the news is what created the panic.

        When people panic, they make stupid mistakes, like pulling out of a stock that has a history of high returns.

        That same news gave me over a week to get my cash in order & ready to buy as soon as the mass panic kicked in full swing.

        So what the DOW fell (who cares), that has nothing to do with a business that has great performance, yet these people see their neighbor freaking out so they assume they should also freak out, ha, ha, crazy isn't it!

        Buy low, sell high.

        I vote we have mass panic at least once a week (easy money)!
        {{ DiscussionBoard.errors[4465695].message }}

Trending Topics