posted
I am not trying to get to deep in anyones business but those traders who would be willing to would you please chime a YAY or NAY if you make $100,000.00 a year profit. I am trying to determine how many make a living doing this and if Ill ever be able to. Thanks for those of you willing to share, like I said just a YAY or NAY if you make 100 or more not an actual number. Your all awesome!
Posts: 262 | From: Columbia SC USA | Registered: Jan 2004
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quote:Originally posted by Randy803: I am not trying to get to deep in anyones business but those traders who would be willing to would you please chime a YAY or NAY if you make $100,000.00 a year profit. I am trying to determine how many make a living doing this and if Ill ever be able to. Thanks for those of you willing to share, like I said just a YAY or NAY if you make 100 or more not an actual number. Your all awesome!
posted
Started in late late December with 600, now I'm up to almost 1100, with some big lessons stashed away in my brain now. I really am making it my ultimate goal to be able to live off of this in the coming months.
I WILL do it, I don't care what it takes. I'm determined enough and playing it safe for now. Just remember, the more you make, the more you have the potential to make.
Posts: 839 | From: Muncie, IN 47304 | Registered: Nov 2003
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posted
My thoughts exactly. I been following many of the threads you are in also. It seems we have the same goal. I got nothing to do for six months and am trying to make steady money without having to travel to Manhattan every day.
Cheers and GL
quote:Originally posted by Marcidius: Started in late late December with 600, now I'm up to almost 1100, with some big lessons stashed away in my brain now. I really am making it my ultimate goal to be able to live off of this in the coming months.
I WILL do it, I don't care what it takes. I'm determined enough and playing it safe for now. Just remember, the more you make, the more you have the potential to make.
quote:Originally posted by bauer: My thoughts exactly. I been following many of the threads you are in also. It seems we have the same goal. I got nothing to do for six months and am trying to make steady money without having to travel to Manhattan every day.
Cheers and GL
Yeah Bauer same here man, we'll do it I tell ya! BTW, do you have AIM?
Posts: 839 | From: Muncie, IN 47304 | Registered: Nov 2003
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posted
i would rephrase the question and ask what the percentage of return was. someone starting with a million and making a 100k return isn't nearly as clever as someone who started with 10k and made 100k.
my 2003 micro cap return was 617%
uncle milty
Posts: 1081 | From: santa fe, new mexico/puerto vallarta, mexico | Registered: Sep 2003
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posted
Very True Uncle Milty! Very True. Sorry Lets go with Uncle Miltys suggestion.
Posts: 262 | From: Columbia SC USA | Registered: Jan 2004
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posted
Due mostly to AMWS last year, my 2003 returned ~ 400%. I started out with $200 leftover money from a paycheck that I could afford to lose. Pennies caught more of my attention quickly after my $200 became $1000 in less than a year. Even though it was an investment in AMWS that initially got me interested in pennies, my philosophy has changed thanks to help from the experienced friends here. I've discovered that I need to find my own personal balance between investing and trading, which isn't necessarily as easy as it may sound. It seems that balancing the two provides both potential for large gains in the short term, and a self-regulated level of overall risk.
[This message has been edited by smackdaddy33 (edited February 10, 2004).]
posted
Aye. I cant sit at my pc all day, so Im relying on my DD and judgement to find an out price. I have started out the 2nd week of January with 1100.00 and Im down only about 30 dollars so far (broker fees). I am playing dollar amounts of 600 and 400 on 2 stocks, one for long term and 1 for short play. Just got out of AKLM about even and bought 13000 shares of IBZT. My short term play is PLKC, and at least when it drops daily, it is rebounding nearly to my buy in price of .09 so I know I can get out within a 3 day period if needed.
My goal is to make 200 profits on short terms, and learn the art of free shares with the long term one. Once I buy a stock Im putting a limit order sell and just watching the needed price to make my small proifit.
My goal this year is to hit 20000k. Had I got into QBID, I would have been there this week, but just didnt feel right about it and am not upset I missed the boat. I think this is a good sign as I dont let my emotions sway on what could have beens and just stick to seeing my trading as a business, and enjoying the fun of research.
------------------ DrWho
Posts: 78 | From: Mesa, AZ, USA | Registered: Jan 2004
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posted
Started 2004 with $22,000 in portfolio. Realized gains, thats after sale of stock, trade fees, initial $22K, realized gains $69,896. Still got Uncle Sam though.
posted
Been lurking for a week, my first post here on allstocks.
Nay. I started with $232 (left over in an etrade account I used briefly ten years ago...) two months ago and doubled it. Now I've spread it around to most of the heavy traded stocks mentioned on this board (prim, pcbm, inov...etc) hoping one hits. Missed qbid... that was a bummer.
posted
started in Jan '03 with $3k buying shares in beaten up tech stocks, LU LSI NOVL NENG JDSU have sold all but NOVL (200 shares) and LSI (100 shares) for nice little profit (account little over $10K now and I have taken $2K out in cash) and started with the pennies in November. In pennies currently holding 60k GZFX, 100k SHRN, 74k PCBM. Tax man cometh though.
Posts: 23 | From: teXas | Registered: Jan 2004
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I am 68 years old, started playing the markets (shorting) 1963 in Denver Colorado. Back then, we worked one stock, and learned how that stock traded. We were lucky to make $25 - $35 per trade short - or long after commission by day and swing trading.
I retired 1989 - and play the markets daily. For the past 11 years I have made more than $100K per year day and swing trading ... but most of my swing trades last longer than seems common for many people posting here. My swing trades usually run at least thirty-days, and day trades are usually limited to stocks trading for less than $5.00.
What I have learned is this - use your earnings from day and swing trading to buy long-term holding positions in quality companies - that pay dividends, and split regularly. If a person does not hold some long positions - Taxes eat you alive!! But the new Capital Gains Tax of 15% is most favorable - A $100,000 gain yields $85,000 net after taxes ... versus ... trades held less than one year for me $62,000.00.
Remember - putting all your available $ in the stock market ... will someday catch up with you...! Learn to invest in other venues besides stocks ... and remember ... Industrial Revenue Bonds are Tax Free.
Good luck to everyone in their investments!
jwhite2913
Posts: 69 | From: Greenfield, MO, USA | Registered: May 2003
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posted
Randy, I have taken 4k to 47k this year so far - other years when you couldn't miss, my best year I took 6k to 350k+. Look out for taxes though, I'm sure I paid for a few hammers and toilet seats for the military on these short term trades....
Uncle Milty hit the nail on the head - especially in the beginning stages of your trading career. You need to look at percentage gains for your stocks. Trying to hang on to a stock for a specific dollar gain can leave you hanging in the wind when it turns around. The folks on this board, DaDog, Mach, Uncle Milty have gobs of experience and advice for you to use in your daily trading routine. Other threads on this board elude to "personal trading rules" which MUST be followed in order to succeed. As I'm sure we have all done in the past - emotions take over and you either sell out too soon or go down with a sinking ship... Develop your rules, modify them when necessary and stick by them. Read these boards as often as possible since you can't possibly complete all of the DD you need to - there are many good people willing to share their hard work and efforts with all. Good Luck Trading. Ploof
Posts: 6 | From: Tampa, Florida, USA | Registered: Jan 2004
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quote:Originally posted by ploofy1: Randy, I have taken 4k to 47k this year so far - other years when you couldn't miss, my best year I took 6k to 350k+. Look out for taxes though, I'm sure I paid for a few hammers and toilet seats for the military on these short term trades....
Uncle Milty hit the nail on the head - especially in the beginning stages of your trading career. You need to look at percentage gains for your stocks. Trying to hang on to a stock for a specific dollar gain can leave you hanging in the wind when it turns around. The folks on this board, DaDog, Mach, Uncle Milty have gobs of experience and advice for you to use in your daily trading routine. Other threads on this board elude to "personal trading rules" which MUST be followed in order to succeed. As I'm sure we have all done in the past - emotions take over and you either sell out too soon or go down with a sinking ship... Develop your rules, modify them when necessary and stick by them. Read these boards as often as possible since you can't possibly complete all of the DD you need to - there are many good people willing to share their hard work and efforts with all. Good Luck Trading. Ploof
Thanks Ploof! Thats very good news for all us wanna bees!
Posts: 262 | From: Columbia SC USA | Registered: Jan 2004
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posted
words of another seasoned veteran here. newcomers pay attention to this sound advice.
uncle milty
quote:Originally posted by jwhite2913: Randy803,
I am 68 years old, started playing the markets (shorting) 1963 in Denver Colorado. Back then, we worked one stock, and learned how that stock traded. We were lucky to make $25 - $35 per trade short - or long after commission by day and swing trading.
I retired 1989 - and play the markets daily. For the past 11 years I have made more than $100K per year day and swing trading ... but most of my swing trades last longer than seems common for many people posting here. My swing trades usually run at least thirty-days, and day trades are usually limited to stocks trading for less than $5.00.
What I have learned is this - use your earnings from day and swing trading to buy long-term holding positions in quality companies - that pay dividends, and split regularly. If a person does not hold some long positions - Taxes eat you alive!! But the new Capital Gains Tax of 15% is most favorable - A $100,000 gain yields $85,000 net after taxes ... versus ... trades held less than one year for me $62,000.00.
Remember - putting all your available $ in the stock market ... will someday catch up with you...! Learn to invest in other venues besides stocks ... and remember ... Industrial Revenue Bonds are Tax Free.
Good luck to everyone in their investments!
jwhite2913
Posts: 1081 | From: santa fe, new mexico/puerto vallarta, mexico | Registered: Sep 2003
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