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REIT Trader during the day, Law Student at night if that counts lol
Posts: 798 | From: Malverne, NY, United States | Registered: Jan 2004
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I thought the weekends were for partying, I might be getting old but not that old.
Posts: 3875 | From: ca. | Registered: Jul 2005
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freshmen, music major. Gotta make my money someway, figured the stock market is the place to go. So far she hasnt done me wrong.
Posts: 19 | Registered: Mar 2006
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How are you all doing with the penny stocks? What did you start with, and how much are you trading with now? Also, how long has each of you been flipping the pennies?
-------------------- -------------- PHBT all the way Posts: 162 | From: USA | Registered: Mar 2006
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Researched what to do for a couple weeks, did some paper trading. Figured Id give it a shot with 1k. Now its been about 2 weeks or less of trading with cold hard cash and im up 300. Im just waiting for PHBT to take off so I can make my killing.
Posts: 19 | Registered: Mar 2006
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600 dollars put into Scottrade in early January06. Bought RSHN on 2/14. Currently sitting at over 3,400 (after some bad choices in between), and counting my blessings that I didn't lose all my money on this risk.
So, 600 --> 3,400 in 3 months ain't bad. When RSHN's near a penny, I've got closer to 5,000 though. So I'll get back to ya on Friday or Monday when this thing hits its next high.
-------------------- Hindsight is 20:1. It's like printing money. Posts: 1129 | From: Univ of Fl | Registered: Jan 2006
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started with 2500 and got to 3500 messing around with dollar stuff. didnt trade confidently and reviewed my philosophy and strategy, picked up some books on how to trade and analyze. Then my mom gave me apple shares which i told her to buy which she sold for 50k and gave me $7500 worth which i sold right away. account = 10k.
Strategy didnt change much and i fluctuated imbetween 9k-10k. Eventually i found a book called "Trading in The Zone" which durastically changed my mindset and helped tons. I highly recommend it, possibly mandatory reading, life changing trading book. I Really wanted to get into pennystocks but couldnt find a good informational platform and then i found allstocks and have learned TONS and eventually hope to contribute my own picks once i learn the ropes.
Been trading pennies for about 2 weeks. First flip was JPHC from .0004/.0005 and then the buyout rumors started happening so i sold off garbage and put half my portfolio into JPHC, currently 8million long looking to get 30k+ hopefully around 50k from the deal. Not bad for a 20yo. With this money im buying a really watch to spoil myself for my first big trade and then use the rest to flip massive loads for hopefully $1k a pop.
PS. "Trading in The Zone" get it now. Flip a stock and take $40 out of your account. Absolute must. It will change your relationship with your money and your relationship with the market.
Good luck fellow colleges students! may we graduate thousandares!
-------------------- drummer. rock and cash all that matter. Posts: 294 | Registered: Mar 2006
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PS. "Trading in The Zone" get it now. Flip a stock and take $40 out of your account. Absolute must. It will change your relationship with your money and your relationship with the market.
Good luck fellow colleges students! may we graduate thousandares!
Who's the author of that, Kiev or Douglas? There's 2 similar titles on Amazon.
-------------------- Hindsight is 20:1. It's like printing money. Posts: 1129 | From: Univ of Fl | Registered: Jan 2006
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college student at Arizona State...pre-business major...thousandaires?.... i wanna step it up to millionaires... i started with 4k in cnes and bought at .0002 sold at .0027...now im in rshn bought at .0012.. with 10k... so we will see what happens!! i have just gotten very lucky! so again lets graduate millionaires!!!
-------------------- ---------------------------------------- Another college student trying to make some good money!!! Posts: 14 | From: Phoenix | Registered: Mar 2006
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Douglas is the one i got and the reason i got it was because the reviews were very good from customers and they did not lie at all. I read like the first 30 pages and it changed my trading career entirely
-------------------- drummer. rock and cash all that matter. Posts: 294 | Registered: Mar 2006
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bought a little into corr.pk too and ddsi... got screwed on a stock though... itrg stupid r/s!! went from $170 to like $20... and its definately not worth selling
-------------------- ---------------------------------------- Another college student trying to make some good money!!! Posts: 14 | From: Phoenix | Registered: Mar 2006
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quote:Originally posted by smokedtitan: college student at Arizona State...pre-business major...thousandaires?.... i wanna step it up to millionaires... i started with 4k in cnes and bought at .0002 sold at .0027...now im in rshn bought at .0012.. with 10k... so we will see what happens!! i have just gotten very lucky! so again lets graduate millionaires!!!
heck yea, man. screw all this college talk of internships and careers. i woke up this morning, rolled over in bed, turned on my laptop and 'worked' the stock market a little bit. ended up a down day, but not as down as i would have been had i not flipped some of my RSHN shares. any job that i can do laying in bed is the kind of thing i want to do with my life. not that i would do it that way, but just knowing that i could would be amazing.
-------------------- Hindsight is 20:1. It's like printing money. Posts: 1129 | From: Univ of Fl | Registered: Jan 2006
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i am a senior student majoring investment banking~ one more semestor to go yeah... my highest gain was trading usxp bought it at .0004 sold it at .01 with 3000 dollars investment. currently i have half of my account invested in BKMP at .0004 and phbt at .0004 let's see.
-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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ya this site has definately helped how i trade... i read "a beginners guide to day-trading online" and that was amazing but nothing is better then jsut reading all the posts from this site from all these amazing traders. thanks to everyone that has helped
-------------------- ---------------------------------------- Another college student trying to make some good money!!! Posts: 14 | From: Phoenix | Registered: Mar 2006
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quote:Originally posted by sbrcow: Douglas is the one i got and the reason i got it was because the reviews were very good from customers and they did not lie at all. I read like the first 30 pages and it changed my trading career entirely
Yea, great reviews on that one. I was just reading through. Maybe over the summer I'll put together a little library of trading books to keep me company between summer classes, trading, and boredom. There's so many books that have been recommended in this board that i'm looking to get into.
-------------------- Hindsight is 20:1. It's like printing money. Posts: 1129 | From: Univ of Fl | Registered: Jan 2006
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quote:Originally posted by smokedtitan: college student at Arizona State...pre-business major...thousandaires?.... i wanna step it up to millionaires... i started with 4k in cnes and bought at .0002 sold at .0027...now im in rshn bought at .0012.. with 10k... so we will see what happens!! i have just gotten very lucky! so again lets graduate millionaires!!!
heck yea, man. screw all this college talk of internships and careers. i woke up this morning, rolled over in bed, turned on my laptop and 'worked' the stock market a little bit. ended up a down day, but not as down as i would have been had i not flipped some of my RSHN shares. any job that i can do laying in bed is the kind of thing i want to do with my life. not that i would do it that way, but just knowing that i could would be amazing.
lol i hear ya its awesome. i do the same thing... just wake up and start working... its fun tho, its a rush!!
-------------------- ---------------------------------------- Another college student trying to make some good money!!! Posts: 14 | From: Phoenix | Registered: Mar 2006
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making $1000 a day is not hard once you have money. Honestly getting out of 10k barrier is the hardest thing to do and some investors believe you shouldnt even waste your time because its so hard to break that barrier. I have been in that range for months. Once you hit 30k-40k you can really rock which is what i am looking forward to doing. I love trading more than anything and i dont want a real job.
-------------------- drummer. rock and cash all that matter. Posts: 294 | Registered: Mar 2006
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quote:Originally posted by edgewise: 600 dollars put into Scottrade in early January06. Bought RSHN on 2/14. Currently sitting at over 3,400 (after some bad choices in between), and counting my blessings that I didn't lose all my money on this risk.
So, 600 --> 3,400 in 3 months ain't bad. When RSHN's near a penny, I've got closer to 5,000 though. So I'll get back to ya on Friday or Monday when this thing hits its next high.
I've gone from 4,000 to 10,000 in about 3 months with the help of USXP and a couple of other investments. I'm an off-track college student at the moment.
Posts: 340 | From: Pleasanton, CA | Registered: Jan 2006
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its the 10k-15/20k that is the tough one. Then again i wasnt exposed to pennys since about 2 weeks ago and now im looking at a buyout worth nearly 30k at the least. possibly 50k
-------------------- drummer. rock and cash all that matter. Posts: 294 | Registered: Mar 2006
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right here, I'm actually writing a book on an investment method I discovered
tip to all you other college students, common knowledge is what makes people common, the things that aren't in the textbook are what will make you rich
-------------------- When you reach the bottom, the only place to go is up, that or die - Indian Larry Posts: 460 | From: Council Bluffs, IA | Registered: Mar 2005
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yea.. in the pennies, it's much easier to accelerate your account's lifespan (both positive and negative). luckily so far, I've been doing alright and playing RSHN for as much as I can. With some of the profits I've gotten from RSHN, I've been playing the more skeptical ones and really learning there, with each loss comes a new lesson. But with time and education and practice, I see this kind of activity having a ton of potential, as long as you're smart.
-------------------- Hindsight is 20:1. It's like printing money. Posts: 1129 | From: Univ of Fl | Registered: Jan 2006
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quote:Originally posted by sbrcow: making $1000 a day is not hard once you have money. Honestly getting out of 10k barrier is the hardest thing to do and some investors believe you shouldnt even waste your time because its so hard to break that barrier. I have been in that range for months. Once you hit 30k-40k you can really rock which is what i am looking forward to doing. I love trading more than anything and i dont want a real job.
You are SOOOO right! I've been at 10k for about two or three weeks now.
Posts: 340 | From: Pleasanton, CA | Registered: Jan 2006
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getting a real job gets you a constant salary. the company i work for pays me 50K a year with 25K of bonus. investing in stock market is risky, in general blue chip stocks gives you an average return of 11 percent with Standard deveiation of 5 percent. so i guess if you can afford to loose 5 percent of your money then you are fine. my suggestion is dont just trade the stocks espeically pennies as the only job you have. get a constant cash flow and invest in bonds, T-bill, etc. in general a AA 10 year bonds gives you an average of 6 percent return with much less risk than stock market. or even putting into a CD account. sicne the govermetn just raised the interest rate now on average a risk free 5 month CD account gives you a 4 perecnt return. that is a good deal.
here is what i do. i make sure i have 30G today(the more the better, because of time value of money. very interesting example, 20 dollars 200 years ago deposited in the bank with a less then 8 percent of interest rate will give you over one billion dollars) and then i will use 20G to get a CD account for 10 yrs with 5 perent IR. and that will give me 32,577.89 in the end of 5 years. so i will use the other 12,577.89 today to invest into the stock market over the next 5 years. notice i have nothing to loose this is the risk free money i yield from 5 year CD account. anyways what i am saying is stock market does give the highest return but dont' count on it as the only way to make money
-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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Used $1,000 and now up to $600,000 in 7 months time.
Reason, been buying a lot of 5 to 20 baggers like USXP, ADVC, ADOT, GWGO, CNES, RSHN (BIG TIME for RSHN)
All of these picks got from this broad.
Key is to put all eggs in one baskets.
Than sell half initial to cover investment than use that to buy another jumper, than sell half after double, than use that to buy another investment.
I keep on doing this for the above stocks and I was able to buy in BIG on RSHN through USXP and CNES gains.
Posts: 1227 | Registered: Feb 2006
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