HI Chris,
Thanks for your info. My biggest problem now is knowing when to exit a trade. I think I've been missing alot of opportunities to make money by holding too long. I've also bought some things too high...like FMDAY at 2.00...
Sarah
. I do all kinds of trading long,medium,short intraday, even intra-10minutes. Like bottom fishing once in a while, rolling, daytrading, outbreaks, rebounds, growth, income producing, and by the end of this month begin shorting some of the big boys. I didnt start with the 1000 to be honest 6000 but Ive made it over a hundred-thats enough of that. Live in NC, right above Charlotte. 24 yrs old started trading around 21-paper traded 2 yrs in high school. Decided thats what I wanted to do and am in the process of attaining a Bacholor degree in finiance to help the goal. Best advice to give anyone is when you get over the 100 find realestate to buy and generate yourself a postive cash flow, I have a few ventures I have made retail,wholesale,renting,selling cars (4 times), I work usually about 50 hours a week, and place a third in 401k pretax. IF/When I reach 3 million )Ill quite my job older I get the amount I have to obtain drops. I dont dicuss what I have but when that time comes to retire Ill tell yall then . I day trade a bit different than the books teach you. I like daytrading stocks below 6.00 wait for a momentum play like Mace bought at 5.00 1000 shares and sold when tren reversed 5.35 $350 dollars. Far as what you make a month. Jan Feb and March were awesome now last 2 months have slowed down alot. If you are using my method on pennies. Buy cover and a little something extra then hold for 10x. I try to to watch all the stocks news on the 10xers but at one time I had quite a few in waiting docks if they have some terrible news and you think they are still good buy back the shares you sold at a lower price than you sold. Its hard to say how much a month cause if a few mature together you can have a 50k month on 5 stocks you have a 1000 dollars from orginal price. Like you bought onev at .016 2000 dollars (125000 shares) sold at .035 60k shares putting a hundred in your pocket minus commisson and leaving yourself 65k shares to sell after .16 when downtrend begins at .16 would be 10400 dollars. if it ran to .25 and started climbing downward say you sold at .20 13000 dollars. jan to march this year is the most 10 baggers emerge in a 3 month time frame. Reasonably in the cross market of pennies and big stocks Id say between 10 to 15 % right now number could be higher but this adds in a few screw ups like my palr and cinme I refused to get rid of when it started dropping. I think this number is a little low but very very realistic. (not counting 10 baggers) and that is a average month. Plus if you have the funds dont forget the power of averaging down. Im not a millionaire yet but hope to be one someday, I cant wait to go to my high school reunion and when people are talking about how good their jobs are look at them and say "You still work for other people" and laugh. But we will get there one day at a time. And again sorry for the delayed response very happy to have you abroad. Thinking about listing the picks on seperate threads not sure though I like that our board isnt full like the rest of allstocks. Well hope more people give their interviews if you havent posted before step out and be accepted to our group(we'll either be in the poor house or sitting on the yacht talking about old times lol)------------------
Chris
. I do all kinds of trading long,medium,short intraday, even intra-10minutes. Like bottom fishing once in a while, rolling, daytrading, outbreaks, rebounds, growth, income producing, and by the end of this month begin shorting some of the big boys. I didnt start with the 1000 to be honest 6000 but Ive made it over a hundred-thats enough of that. Live in NC, right above Charlotte. 24 yrs old started trading around 21-paper traded 2 yrs in high school. Decided thats what I wanted to do and am in the process of attaining a Bacholor degree in finiance to help the goal. Best advice to give anyone is when you get over the 100 find realestate to buy and generate yourself a postive cash flow, I have a few ventures I have made retail,wholesale,renting,selling cars (4 times), I work usually about 50 hours a week, and place a third in 401k pretax. IF/When I reach 3 million )Ill quite my job older I get the amount I have to obtain drops. I dont dicuss what I have but when that time comes to retire Ill tell yall then . I day trade a bit different than the books teach you. I like daytrading stocks below 6.00 wait for a momentum play like Mace bought at 5.00 1000 shares and sold when tren reversed 5.35 $350 dollars. Far as what you make a month. Jan Feb and March were awesome now last 2 months have slowed down alot.
HI Chris,
Thanks for your info. My biggest problem now is knowing when to exit a trade. I think I've been missing alot of opportunities to make money by holding too long. I've also bought some things too high...like FMDAY at 2.00...
Sarah
if you believe in the stock high if it has a pattern follow it unless you think something will change its pattern. CDED been playing it low to mid .06s to low the mid .07s for a while 10 to 15% moves. Whats you situtation with trading are you avaible though out the day or you place orders and find out what happened later. About buying too high if you have the capital average down (can be dangerous cause if it drops then you lose twice as much.) I usually do it. Bc if I bought the stock unless some bad news has came out I know where it will return (or at least I think I do). Question I have for you is what turned you onto onev. where did you find it? well talk to you again ------------------
Chris
quote:
Originally posted by ChrisNC:
When to exit is a million dollar question.
I found onev on some message board, somebody said check it out and gave their website. I went there and read that, then pulled up dd on them and thought I should buy.
What potential do you think Onev has?
Sarah
only thing is they arent the only company with the voice technology-hit me up on yahoo so we dont filled this board up haha------------------
Chris
I am in the same boat as you. However, I have been trading since last October. I live in Longwood, Fl. (just across the river from you - I swear I am not going to live on that side of death bridge and work over here -- LOL). I didn't start reading the boards until around March. I have been doing DD and playing the momentum on news to trade. Boy was I in for a rude awakening. Thanks to allstocks and some on it, many questions have been answered and I have learned a lot. Chris is like my sensei, he has guided me in the right direction. I told him that I used a dollar amount on the exit point and he said use a %. Since I only have a little money to invest, it is hard to get good returns. No matter what, I am following as many people that make money and watching their picks. I wish I had some to invest in ONEV, but I am capped out right now. I have a friend who started in pennies 4 years ago and is now investing in 5-15 dollar stock. He buys and sets his sell at .34 cents. It nets him about 340 bucks per trade normally. By doing this (oh, he trades about 3 per day) he is on course to profit over 200k this year. However, there are some lucky ones that he forgot to hit confirm and sold at opening the next day with a dollar sell. LOL. Anyways, that is how I try to trade right now. I just get my buy and then set my sell. Remember, If you sell and it keeps going up? Any profit is good profit. Good luck to you. Listen to Chris. He is great. Oh yeah, I moved from NC around 4 years ago.
Jimbo...
------------------
Einsteins 8th wonder of the world was the power of multiplication
Jimbo...
....Mostly I like to go long on stocks but I'm looking to chop that down a bit into 2 week or 3 week trades.
Sarah
quote:
Originally posted by Lutalo:
Well my real name is Keith.. I'm from Brooklyn NY but currently I live in Kiev Ukraine.... I started trading stocks when I was 16 and started seriously trading about 2 years ago... I doubled my money last year but so far this year I'm minus 15% overall (I went in heavy on LOOK)Mostly I like to go long on stocks but I'm looking to chop that down a bit into 2 week or 3 week trades.
Hi keith,
My cousin is a missionary in the Ukraine. She's been over there for about 15 yrs now.
How do you like it there? I don't think she'll ever come back to stay, she bought a house there. Good luck in your trading. Your Look sounds like my Fmday....
Sarah
Unfortunately I borrowed from the Seminole public library. I haven't bought it yet. I normally do that and if I like it, I buy it. Makes me read it twice. If I get it, we can trade. But I hate reading to tell you the truth. I am an audio book listener. I haven't yet found any stock audios though. And Happily I don't work in Orlando either. I work in Heathrow/Lake Mary. So I don't have to fight that traffic either. woo hoo. I am from Fayetteville, NC. Grew up there and moved down here about 4 years ago.
You can email me at: j r stock trading@yahoo . com (without the spaces)
Keith,
Small world. I have a friend of mine that I went to college with who did his Peace Corps stint in the Ukraine. Got messed up really bad when some hoodlums jumped/mugged him in Kiev. He now lives in Brooklyn. LOL. Enjoy trading. Look forward to all of your input and teaching.
Jimbo...
But yeah.. Ukraine is great.. I love it here.. I can relax chill out and most of all not spend a lot of money (I'm a greedy *******)... I do however really miss NYC.. but then again.. NYC is about the only thing I miss in the USA so I think I'll be staying here and taking vacations there...
About missionaries.. yeah there seems to be a LOT of them around here.. which I don't really understand.. as my girlfriend put it "There arn't people that need to be saved in their countries???" ... I'm not religious at all so I guess I wont ever understand it.. but I do work with religious people and I do have to say they do have some bad ass connections.
I know what you mean. I lived in Australia for a year and didn't want to come back. As fate would have it, I am here. Glad you like it. Ever been to Prauge in Czech Republic? That is as far east I went in Europe when I traveled. Want to get to your area one day. Maybe if I make the 100,000 I can go back???
My friend wasn't a missionary, however he said that there were some over there, he was in the Peace Corps.
Taken from online site:
The Peace Corps traces its roots and mission to 1960, when then-Senator John F. Kennedy challenged students at the University of Michigan to serve their country in the cause of peace by living and working in developing countries. From that inspiration grew an agency of the federal government devoted to world peace and friendship. http://www.peacecorps.gov/index.cfm?shell=learn.whatispc
Jimbo...
quote:
Originally posted by ohdag:
Hello all again, i feel bad, i am about the only person here that doesn't know anyone in the Ukraine.
I put my ll profile on another thread but i will do it again here.
I am from North Carolina, Stationed in MD but currently serving in Afghanistan. Glad to see all the southerners on here. since we are suppose to be stupid and poor with no shoes.
I am currently holding GZFX, WNMI, GFYF, AND IVOC. I did hook a friend up with ONEV thanks to you guys and he made a boatload. Wish I had the cash to put in it. But I love the new thread and new people. Keep up the good work.
Frank
LOL, I didn't know we weren't supposed to have shoes.....
Maybe we'll have to change the name to the "invest here and you must be a redneck" board....umm sorry, just feeling silly this am....
Sarah
Were from in NC? I am from Fayetteville, home of Ft. Bragg and Pope AFB. I too wish I could invest in ONEV, but have turned several on to it. Good luck to you and and keep your head down. We want all of you to try and come home in one piece. I am hoping that VRMD goes up so I can buy my shoes. LOL
Jimbo...
quote:
Originally posted by ohdag:
Hello all again, i feel bad, i am about the only person here that doesn't know anyone in the Ukraine.
I put my ll profile on another thread but i will do it again here.
I am from North Carolina, Stationed in MD but currently serving in Afghanistan. Glad to see all the southerners on here. since we are suppose to be stupid and poor with no shoes.
I am currently holding GZFX, WNMI, GFYF, AND IVOC. I did hook a friend up with ONEV thanks to you guys and he made a boatload. Wish I had the cash to put in it. But I love the new thread and new people. Keep up the good work.
Frank
------------------
Einsteins 8th wonder of the world was the power of multiplication
quote:
Originally posted by ohdag:
I am from Asheboro. Home of the North Carolina zoo, third largest zoo in the world, and that is all Asheboro has.
C'mon now, Ashboro does have less New Yorkers than Florida...LOL
Sarah
quote:
Originally posted by casico:
Jeez can a Chicago boy post here or is that toooooooooooooo far North
Welcome!!
We need all the members and input we can get. Even if you are a Yankee...LOL
Got shoes?
Sarah
well hope to hear from you again
[This message has been edited by djfiii (edited May 20, 2004).]
[This message has been edited by TradingWizard (edited June 15, 2004).]
------------------
Dear Lord, Please help me to be the man my dog thinks i am.
Trading Wizard> If you make it out here let me know I unofficially do tourist assistance.
quote:
Originally posted by Lutalo:
I use scottrade... the key to scottrade is to make sure you are at least a hundred bucks ahead when you sell.Trading Wizard> If you make it out here let me know I unofficially do tourist assistance.
Will do Lutalo!
------------------
'Alone we can do so little; together we can do so much.' - Helen Keller
Ram
Welcome to the club!! Since you are all tied up and only can watch, read some books, and do as much DD as you can until your money is freed up. Thanks to all that have helped me in my trading experience. Good luck to you. Jimbo...
------------------ Been checking out the post here for a few weeks, been really interesting, and learning a lot. I really like the idea of averaging down, but am pretty well tied up at the moment....eager to put that into action. Started about three years ago and bought one stock.....lol.....dont laugh......ok......go ahead and laugh. It was IPIX at 0.70. That was before the split, and it went lower...to around 0.12(would have been a hugh canidate for averaging down....but looked like it was going bankrupt at the time). I let it sit till the recent run and sold on the way back down at 22.70 which gave me a little to play around with. Well, I reinvested in various other stocks....time will tell if my picks were wise, but Im hooked regardless......lol I reside in TN in the shadow of the GSMNP (spend as much time as I can hiking) and have owned a small business for 24 years. ChrisNC.......I have been looking at a couple of those you mentioned, will check out the others! Thanks! I am a young professional, and we are known as the "worst" investors -Christian
------------------ ------------------ Im in the contracting bidness.....also do repairs and remodel work. Family business for a couple of generations. Your question about criteria.......Chris, I just heard about that stock from a friend and decided I wanted to try online investing after checking into it, just to "test the waters", and it turned out great......but it was a fluke.......no real DD on my part. I've got a long way to go to understand what to be looking for in reports, charts and news......but its very interesting! Thanks for the welcome, and thank you SCinFL for the thread!
Ram HI Everyone! Sarah
------------------ ------------------ Thanks! Stockcharts has a lot of information........will check Clearstation also. Investopedia has some good chapter reading for basics and beyond......exams given at end of each.....lol Appreciate the reply!
Thanks!
Thanks! AMEN to that Mike. Welcome and learn learn learn. People here are great. I will still be learning after years of trading I think. Good luck to ya. ------------------ Jimbo...
Find out if that conference is going to be in the Orlando area. I would love to go and learn as much as possible. Seems like learning is a never ending job. (LOL - at least that is what I told my students when I taught and tell my kids now). Thanks. And thank you for all your post. I try to follow them as best I can. You sensei, are a great teacher. Grasshopper. ------------------ Jimbo...
------------------ This was my favorite thread to read on here so Im opening it up again. New friends post away. ------------------ OK, hummmm, I am a Registered Nurse, Master's in Behavioral Health Management, and Ph.D. in Psychology. I work 2 1/2 days condensed 40 hr. week with adolescent psych. violent boys. Will not work the girls units, as they are worse than the boys. ------------------
1. Paper trade
2. Read as many message boards while doing so.
Posted by ChrisNC on :
Okay sorry I havent posted much this last week been busy working some things out. Real nice week hopefully next week will be the same. Ive been online on different boards trying to bring in some more talent and opinions to our board. Wanted to say hi and comment on some of yall who came. DJFII, gone to the dogs, meshoe45, Ramius, and Dang would like to welcome all of you to our little growing community. Real excited on what Im learning here we are having different areas popping up DJFII you techinically have the most potential of us all in your education so when you learn your knack try not and leave us . Finance major myself it does help you should be examining some financials and find the secret meaning behind them . (look at some of my growth stocks and read finicials on them youll see what Im talking about, when a penny can come near the acid test and almost pass well get it quick). Far as scottrade well yeah its a bit high but the excution time and elite program are awesome. Meshoe45 what are you majoring in? DanG are you investing in areas that you are knowledgable in (engnieer/land stocks if youve got a knack use it) or you can just join us glad to have you. In penny land you are best off to get free shares and wait and sell to pocket a little sometimes. Im flattered by the compliment I hope my ideas stay great and dont turn flop. By the way everyone try to have onev, xrym, vrmd, ivoc, ipov in your port between the 4 I really think 1 if not more should be a 10 bagger before year is over. I have a question for everyone hope to get a answer from someone_if you buy a stock why wouldnt you have confidence in averaging down. IF you cant do it you had no business in getting it to start with. (when company does bad I understand dillution, inside selling, annoucing rs, lower earnings,) but just day to day no news or week to week. Like IPVO who knows I was just wanting other people opinions. I think half my trades would be red without averaging. Well hope everyone makes their goal a reality. (IT gets alot easier I promise)
Einsteins 8th wonder of the world was the power of multiplication
Posted by Inlikeflynn on :
Can I join this here outfit?!
Posted by Machtvoll on :
Hello, We make good money but spend it poorly. So, here I am to make some better decisions. I own some qbid among others... My stock tip is KGTH, it should come out with great earnings soon if all works out. Any DD appreciated! Lets make some money!
Posted by ChrisNC on :
Inlikeflynn whats up buddy. Sure you are welcome nice pick. 21000% is never a problem even on a 3 yr pick now if we just had mutual funds with that kind of preformance Small business what kind if you dont mind me asking. I have a lawn business, handyman jobs also, and a wholesale place now. Also what criteria did you base on that pick when you were choosing it. Machtvoll Im a young professional as well not all of us are bad yeah I buy stuip stuff sometimes lol live a little lavish could be your last. Just dont buy on credit unless its a mortgage (tax savings over buying straight out)
Einsteins 8th wonder of the world was the power of multiplication
Posted by ACJ on :
Hello all. I'm a new member here also. Have been watching this board since March. Really like what I see here. Expecially all the hard work Chris does for us. Thanks! I sure hope I can pay you back someday with some good stock picks! Keep up the good work. I'm new to the stock market this year. I just gratuated college, got married, and now down at Alabama going through the Army's fixed-wing course. Would like to be a full time daytrader in the future, but have lots to learn before that can happen. Let's keep up the tight bond that this board has. Later.
Aaron
Posted by Inlikeflynn on :
ChrisNC
Posted by SCinFL on :
quote:
Originally posted by Ramius:
Cool Thread-- Hi all Florida people. I just moved to Richmond VA from Lake Mary FL. I'm new to trading so just reading and learning for now. Just wanted to say Hi.
I hope this board will be as informative for you as it is for me.
Posted by djfiii on :
Heh, thanks for the vote of confidence Chris, I hope I end up being able to pick solid stocks. So far, I'm down on UVCL and DRDF, but hopefully I can make a comeback.
Posted by ChrisNC on :
Been a weird day both my main picks lsta bibo gapped this mourning and didnt chase lsta came back to .0014 so I got some maybe should of chased bibo but let that one go. well those in TSBB hope you freed out this mourning. WKDH .02 nice entry here I posted it on growth stocks
Einsteins 8th wonder of the world was the power of multiplication
Posted by Lutalo on :
Inlikeflynn> http://clearstation.etrade.com has a good tutorials on the basics of technical analysis... volume, MACD, Stochastic .. I also hear stockcharts.com has some tutorials as well. Technical analysis may be hard to use on a lot of the stocks we talk about here as they are pennystocks and we are basically putting our money on the company breaking out and establishing itself. But its rather vital on some of the larger positions or positions that have a long history.
Posted by ChrisNC on :
Well Im telling on myself lol. Usually I dont go the whole day without watching the market. I hope everyone does well. Pray on qbid and ONEV not to fall too much. and for LSTA to make up for its little action yesterday.
Einsteins 8th wonder of the world was the power of multiplication
Posted by Inlikeflynn on :
Lutalo....
Posted by BeginnersLuck on :
Hi my real name is Mike. I am currently a Student at Marist and a local of Pougheepsie NY. I am a beginner to the stock market, as in my name, and the one comment I really want to say is I have learned more by reading these threads the past few days then I had through any of my classes...Some things they just don't teach in school.
Posted by jimbo on :
quote:
Originally posted by BeginnersLuck:
the one comment I really want to say is I have learned more by reading these threads the past few days then I had through any of my classes...Some things they just don't teach in school.
Posted by ChrisNC on :
Jimbo still tearing it up nice jobs keeping posts going here lately. Me and Tefulman are going to a full day conference in Charlotte NC. All day so i hope I get some good info to bring back to the board. Finincial super stars convention learn about a lot of different things. No one is ever fully trained on the market, learning more everyday and making new rules.
Posted by jimbo on :
Chris,quote:
Originally posted by ChrisNC:
Jimbo still tearing it up nice jobs keeping posts going here lately. Me and Tefulman are going to a full day conference in Charlotte NC. All day so i hope I get some good info to bring back to the board. Finincial super stars convention learn about a lot of different things. No one is ever fully trained on the market, learning more everyday and making new rules.
Posted by TradingWizard on :
Please tell more....
I like reading about you people!
'Alone we can do so little; together we can do so much.' - Helen Keller
Posted by Seamonkey on :
Hey Jimbo,are you in the Orlando area? If so shoot me an email please.I have a question or three for you about the area.I may be moving there for work.My email is seamonkey 7689 at yahoo
Thanks
Posted by pmann2957 on :
test
Posted by ChrisNC on :
quote:
Originally posted by pmann2957:
test I dont edit my post so Ill say it Im self employeed now thanks to this website for the people on here and 30 some books. I added 2 rentals and finished starting the escort service. I have a lawn and handman service as well. I also wholesale occasionaly, let us know how your doing and your background never know when it may help in advice.
Einsteins 8th wonder of the world was the power of multiplication
Posted by Candydish on :
quote:
Originally posted by TradingWizard:
Please tell more....
I like reading about you people!
Have a small ranch outside of Buda, Texas which is out side of Austin. Raise show cattle (need one??) for fun, and to pay for daughter's college. Spend most of my off time salt water fishing in Port Aransas,(Hey, I am on the internet with one company with pics of my "big" fish 76 lb. amber jack, 3 black tip sharks and lots of snapper, tuna etc. I caught on a 40 hour trip)
2 daughter's - 18 (pre-dental), 21 yrs. (Pharmacy school) and buying a duplex for the 21 yr old in Austin.
Started actual trading ??several months ago, and read alot everyday on this board. Don't care for some of the other boards as this one has made me some pretty good money. I hope one day to be in the $1K - 100K club, and think that it is possible for anyone to do. I am riding freebies with several stocks because I read what the "masters" here on this board post. I have 2 that are tanked down right now, but will hold em and see what they do. (don't wanna post em as not to bash)
Oh yeah, I learned a system on the silly scratch off lottery tickets and spend about $50-100, and average $500-1300 per week with those things. Daughter's take the winnings and pay rent, buy their usual "gotta have a new outfit".
I am the administrator of a group that plans one day to purchase our own island.
Hummm, kinda boring: work, fish, scratch, day trade, search islands.... oh well I'm having fun.
Ya'll are great!!
Candydish
Posted by ChrisNC on :
Candy great profile, sound like what Id call the perfect woman. No seriously everything you said was great in a business and personal point of view. Personaly I love fishing and scratch offs been addicted to them since a child. We're on vaction fishing swimming and playing lottery. We bought 2 of everyone this convince store has around the corner 2 nights in a row. Last night we lost about 50 bucks but lots of fun my first one since I typed this I won 5 bucks on a 1 ticket. Business wise, my of my favorite methods of trading is to get popular opinion and buy or sell that stock. In your profession think its called something when entire populations believe in something will happen their reaction actually causes it to happen. So since the market is controled by supply and demand on the MM is alot of people want to sell it will plumet and vise verses I will go along with them and after studying the Buffotolgy (Warren) think to find its starting point if the population over sells then find your desired postion and wait on the floor to be broken buy anywhere under the floor.Qbid broke a floor after hitting .0075 buy .005 not as good investment as a couple months back still its a nice mover. So advise to you is observe what different boards are saying and draw a cenus on the situtaion. Watch out on stocks that recently dropped there is a few people wholl tell everyone to buy and dump when their loses are recovered. Also getting her a duplex was awesome are you a Ron Legrand student lol I am. On a duplex your teaching her many things most parents dont and a great investment over the time especially compared to rent. Keep up the great work and if you ever have question ask me and Ill try to help you I should have alot of time soon.
Einsteins 8th wonder of the world was the power of multiplication