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I usually don't post on message boards. But I have a couple of sure fire money makers I thought that I might share. Good Luck to you.
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We all could have been millionaires if we were playing the pennies smarter last year. I fell for it also and lost becasue of it. What if I took all profits from 5 bagger on GZFX and bought QBID and took that 10 bagger and invested in WMNI and took that 10 bagger and bought ONEV and took that 10 bagger and bought TFCT and took that 10 bagger stop playing pennies again till last month when you could have bought every one of those at your orginal buy in price. Just think if we didn't hold these and moved on to the next big deal. How much would you have now. Biggest lesson I learned in 2004 was to never think one penny was making you rich and when you see a stock go up 10 times, don't expect it to do it again soon. Get out with profits and make more profits. Not saying you should day trade but don't hope ad dream that a stock that went from nothing to a little to still go up again. I think it was well proven in 2004 that it is not going to happen but in maybe .01% of pennies, if that.
However MLON will make me some windfall profits cause it hasn't even started it's run yet & QBID,,,,,
In my very humble opinion QBID will do well into 2006 & 2007 as well. Sometime in the next two to three years I can just about promise you Frank will sell this thing for $1 plus a share. He admits to & has a history of developing media companies & selling them. He'll do it again with this puppy & any one who stays the course will be paid handsomely!
Genuine National TV Networks do not trade for less than a buck a share. This one won't either. Because when all is said & done,,,
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What do you think RLTR will do from here? Did you really make a million? How much did you start with? How long did it take? What was your stradigy?
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MillionairebyPennystocks, You want to be a millionaire by trading pennies? Follow this strategy.
If you started out with just $5,000 and managed to make only 10% per trade each month, (JUST 1 TRADE A MONTH WITH 10% PROFIT!)investing in penny stocks, you could end up with $1.5 Million in just 5 years.
If you only had $2500 to start with and made just 5% per trade each month, you would build a huge nest-egg.
Ive read that strategy, i think its very misleading .It makes you think you are only trading $5,000 a month and getting a 10% for every month up until 5 years. The reality is that in the 5th year when you have $500,000+... and if you were to get 10% return on that , it means you would be average about$50,000 or more per month in the 5th year. Correct me if iam mistaken but, it seems difficult to do . But still, i think its possible to given that you spread your money out and invest wisely.
JP
[This message has been edited by jugiproject (edited January 02, 2005).]
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You're exactly right. You can't have 1 million dollars in 5 years if you only make 10% on $5000 a month. Basically you have to reinvest and keep using your profits to gain more.
Ever hear of the phrase "The Rich Get Richer"? They don't invest $5000. They invest $100,000. 10% is $10,000.
Look at it this way, If your succesful at that strategy, lets use the end your 3rd year for example. You will have $154,000 which would be so hard to not take and run, BUT you only invested $5000. Not alot. You're less then half way to becoming a millionaire.
DON'T THIS AS A FULL TIME THING. Do it as a side thing, a retirement fund, play money, whatever.
quote:Originally posted by jugiproject: 1BigTip,
Ive read that strategy, i think its very misleading .It makes you think you are only trading $5,000 a month and getting a 10% for every month up until 5 years. The reality is that in the 5th year when you have $500,000+... and if you were to get 10% return on that , it means you would be average about$50,000 or more per month in the 5th year. Correct me if iam mistaken but, it seems difficult to do . But still, i think its possible to given that you spread your money out and invest wisely.
JP
[This message has been edited by jugiproject (edited January 02, 2005).]