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I'd like to start a page following the 3% chart that is on wdiscos post. For the life of me I couldn't get it to copy and paste here. Basically it was start with 3k and keep reinvesting the 3% gains to make a million on 200 successful trades. Some of you may be interested to see how it goes and some not but it's atleast a place I can post my pick for the day if I can find one. Put in the dollar value, number of shares and hopefuly the gain. I will post the losses as well as the balance of the account and be totally honest doing so. Next week I will be trying for trade number 4 using approximately the $3,300 from the previous 3 trades. Any comments or suggestions are always appreciated.
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Don't forget to factor in transaction costs for buys and sells 400x(transaction costs). Even if you use choicetrade, that's $2K...
Of course if you had a zecco account, you could trade for free 10 times a month... or if you have a BofA account funded with 25K, you can trade for free as well.
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I added my trade costs to the 3% so I would always remain with the correct gain. That's 10 bucks i have to calculate in for a round trip.
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Applied for a margin account this past Wednesday but it hasn't gone thru yet and my funds from selling that same day won't clear till this Tuesday. Just as well because I didn't really love either of the two I found. APWR at 13.35 is at support but going sideways. KYN at 27.60 I probably would have played it I like the chart but it doesn't have alot of volume. I would rather get into something that has atleast 1 million shares traded but I know I won't always find that. I would have needed a 90 cent gain if I got in at what the close was. That includes commisions.
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without the funds I missed both of those picks going up at least 3%. Money is free tomorrow but I haven't found anything I like. On a more interesting note my wife just came in. Her boss has an accounting firm and one of his clients has a pink sheet stock. I hate pink sheet pennies but what the hell I'm going to plop $300 maybe alittle more on it tomorrow. Suposedly their projected revenues are way more than they estimated them to be. They have picked up school contracts and its a fairly new company. The call letters are VRED currently closed at .016. Heres where I sound like a total idiot. A big supposedly here they project their stock will be around $3 by June of this year.
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Found one for tuesday. HITK closed at 9.40. Good support, has room to move, rsi and sto look decent volume is low though. Need to hit 9.70 at the current close to make the percent. Will try for 350 shares. Turned down for margin for some reason so I won't be trading to often a week. Also going to pick up $350 worth of vred and hold it for awhile just in case they go somewhere.
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picked up 350 shares of HITK at 9.39 monday. Still holding I think the volume was the problem. Got into VRED for .016 for 17,000 shares and going to pick up another 1K worth today hopefully at .01
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Be careful with VRED. There were a billion restricted shares given out with the divi from vyon. Plus it started getting pumped on Ihub by Vantillion on Feb19. That is when the big volume days started and after hitting .04 it started to dump down. That was a 900% gain in a few weeks. Nothing wrong with that, just keep your eyes open. They have about 220mm shares out right now. Just a heads up. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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Tman thanks for the heads up. If it tanks and gets diluted it won't be the first thousand I wasted on a penny. i swore I would stay away from them but this one seems to have a real product so hopefully it goes somewhere. If not just another lesson learned and certainly the last for me on pennies.
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I understand about the pennies jg. I have some in my account but I am not buying anymore. I am going to move back to the big boards. I had a much better looking portfolio when I traded those then these POS. lol. Good luck in your trading and if I have any thing to add to the mix, I will let ya know. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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If all goes well I should be out of HITK monday or tuesday. Nice candle it ended the day on friday. If I don't get the gain I'll atleast get rid of it as close as I can to where I bought in and move on to the next one. Lesson learned from this trade was if I'm not comfortable with the volume don't buy it.
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about the 3K to 1M in however many trades.. if you're flipping $3000 or even $30000, you can do so without affecting the stock price.. but i think it would get much harder to get your order filled with $300K, $.5M, etc.. you might have to split it into smaller blocks (and so, more trades)
that, and you'd have a multiple aneurysm, risking several hundred thousand dollars on a play
-------------------- the market is not your mother
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good point fourseven. i read a short investing book called "how i made 2m. in the stock market" and the author used larger cap/ higher priced stocks with high volumes to more discreetly move large sums of money once he successfully made it to that level. ie. google 4.4 million shares traded friday. at 430$ a share...
now the problem of making 120 consecutive successful 3% gains to get to that level...
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Stuck in HITK for awhile longer. Trading sideways and I'm down 3%. But a good thing is I learned from this one is to stay far away from low volume. I knew that before but this just reaffirmed it for me.
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Finally out of HITK today. What a relief not being stuck in that any longer. Huge volume for that today I could have done better but am happy with the 4% I picked up. Will be looking for a pick for Friday for trade number 5 with $3428 to invest. Slightly ahead of the chart.
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That's the chart I've used to run my Wealth University board on Ihub. Wdiscos obtained the 3% chart there
quote:Originally posted by jgrecoconstr: I'd like to start a page following the 3% chart that is on wdiscos post. For the life of me I couldn't get it to copy and paste here. Basically it was start with 3k and keep reinvesting the 3% gains to make a million on 200 successful trades. Some of you may be interested to see how it goes and some not but it's atleast a place I can post my pick for the day if I can find one. Put in the dollar value, number of shares and hopefuly the gain. I will post the losses as well as the balance of the account and be totally honest doing so. Next week I will be trying for trade number 4 using approximately the $3,300 from the previous 3 trades. Any comments or suggestions are always appreciated.
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If anyone is reading this tell me your thought on SIRI. It's at a new low and closed on a doji. Up a penny in after market and looks like more buys near the close. I'm thinking of trying it monday any thoughts I'd love to hear
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quote:Originally posted by stocktrader22: How many 7% trades starting at 3k will get you to 1million?
Bro just use a calculator and multiply 3,000 times 1.07...do it 2 times in a row....then from then on you should be able to just hit = to keep going....
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