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Author Topic: Can someone tell me ?
one2watchny
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just wondering if anyone has figured out how much they could turn $500 into if they just made 10% on a stock a day and sold and rebought another and made 10% that day.
Lets say you were able to do this 3 times a week.
actually this is a good example b/c most here do not have 25k in their account.....at least my perception
I'll start
End of first week $665.50
we won't figure the cost of trades the first 10
Most brokerages give them free w/ new account

End of week # 2 $885.77

End of week #3 $1179.18

End of first Month $1570.00

Now is when it starts to get interesting.......

Week #5 $2,089
Week#6 $2,780.46
#7$ 3,700.79 woops forgot about fees's
someone else help out?
week#8 $4,925.74

Wow is this possible to do,do we see where this is going?
I'll do one more week.....someone has to know the formula for this to complete this
Week#9 $6,556.16

Think we'll make it to or surpass 1/4 mil. with just $500 and 10% gain 3 times a week?
[Wink]

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EVERY Day ABOVE GROUND is a GREAT DAY!!!

Posts: 2086 | From: Long Island New York | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
T e x
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ya, been figured...search on "rickpic," I'm thinking

also, I came up w a similar format for the "300 Club"...


it is interesting...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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one2watchny
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Found his thoughts would like to see $#'s though

GREED is a killer though......I think I'll be greedy with 10% after the math is done.

Everyone wants that penny that goes 3,500%


Topic: Making money in the Penny Market!
rickpic
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posted September 27, 2005 10:36
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I posted that I had a 900% gain this month and was asked "How did you do that. I'm playing the same stocks you are" Well let me start by saying It wasn't easy!

I'm not going to list all the stocks. Many of them I posted threads on and some I played were posts from others, but I will say that out of 20 or so stocks that I played there were only 2 that I got out of with a small lose! All of the rest returned some sort of gain!

Now let me add that 900% is an exceptional month, but not undueable over again!

Heres the principal I used and I hope it helps some!

I took a beat up account I had with $740.00 left in it, and its now over $6600.00 this month!

I read every news release that came out in the AM and afterhours. Here http://www.stockhouse.com/news/
and I read every new post to Allstocks and a few other boards.
I had decided that all I wanted was a gain of some kind on every stock I played. Be it 5% or 100% but that I was certainly not going to risk losing gains of any kind!

When it comes to News some things run a stock and others don't, I have learned this over time. Getting in early is the best way to take profits from a run. I sell while its running not at the top. Even though some stocks keep going once they peek for the day, many more retrace and settle, making it harder to take a good gain out.

I stick to acquisition, spin offs, very large contracts, buybacks, and news of a large caliber.

I can scan a stock in less than 5 minutes to see if the chart is down and how badly, what the O/S A/S is if its available, what past news is out, and how much volume does it trade to make it move!

because of the low amount I was starting with I decided that all in was the best means of bring up the value.

the numbers!

$740. x 10% is a $74. gain less $22. in/out commitions or $52.

add $52. to the next play!

$792.00 + 10% is a $79. gain -$22 for brocker. Add $57. to the next play.

$871 x 10% is $65. added after brocker!

These are only examples and as we all know 10% could be 30% or even 100% in a day on the right news, and at least three of my plays this month returned 100% or better, but the point is to take some kind of gain at the end of the day, be it 2% or 100% and find another breaking news story to invest in!

There is no long in penny world and if there is, what is the benefit? Holding for a month or 2 for what a 100%-1000% gain and hoping? There are stocks running every single day while you wait for gains and sometimes even just to get your original investment back. Is it worth it?

Lets say your gonna hold $500. in xyz company for 2 months! Verses playing the momentum of news worthy of a run!

$500. X 500% after 2 months is $2500. if it runs after your long hold!

$500 + 10% every trading day for 2 months compounded! Thats about 45 trading days

Day 1 $500
Day 10 you have $895 after $22. brocker fees on every round trip in/out! just under 80% gain!
Day 20 you have $1874. after brocker fees or a 375% gain!
I'll let you do the math beyond here!

This is all based on 10% a day compounded daily and after brocker fees of $22. per round trip! As you can see it adds up pretty dam fast! Add in one or 2 30% or higher gains and see just how fast it adds up! Even throw in a 10-20% lose a couple of times a month. It still comes out green!

My point is that only making 10% on every play every day, adds up faster than any 500% gain after a 2 month hold! With only minimal risk due to the fact that I'm not staying in beyond the momentum, and playing only the best news stocks every day.

This is not a guaranteed win/win situation, but its working for me. I have herd it over and over again how high risk should bring high reward. I say "At what cost and how many have lost"

Lets face it the penny market is a day traders market, and when we realize this it is easier to take profits and play the game.

I like trading alot more than sitting and watching!

Good Luck
Rick

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EVERY Day ABOVE GROUND is a GREAT DAY!!!

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one2watchny
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no-one care to help [Frown]

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EVERY Day ABOVE GROUND is a GREAT DAY!!!

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T e x
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the deal is at a certain level, you're playing too many volatile stocks to track, or you're taking positions in stocks (for the liquidity/volume) that you lose the volatlity/frequency...

otoh, with a large enough investment, less frequency is less important.

make sense?

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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whizknock
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You want help!

GZFX!

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whizknock

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one2watchny
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quote:
Originally posted by whizknock:
You want help!

GZFX!

Been there many times [Razz] [Wink]

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EVERY Day ABOVE GROUND is a GREAT DAY!!!

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one2watchny
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quote:
Originally posted by BuyTex:
the deal is at a certain level, you're playing too many volatile stocks to track, or you're taking positions in stocks (for the liquidity/volume) that you lose the volatlity/frequency...

otoh, with a large enough investment, less frequency is less important.

make sense?

no... not really
just wanted a number

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EVERY Day ABOVE GROUND is a GREAT DAY!!!

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permanentjaun
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The problem is that after a while it becomes difficult to play pennies with so much money. The only way you can do that is by finding a stock, such as GZFX, or any other high volume stock and play your 10% over a few days. This is only because it's hard to pull 5K in and out quickly.

That's why I intend on building my bankroll in pennies. Then as the amounts become to large to play in pennies, I'll swing/TA play midcaps and eventually large cap stocks.

The strategy is feasible, but perhaps not entirely in pennies. Diversify! Matt

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one2watchny
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quote:
Originally posted by permanentjaun:
The problem is that after a while it becomes difficult to play pennies with so much money. The only way you can do that is by finding a stock, such as GZFX, or any other high volume stock and play your 10% over a few days. This is only because it's hard to pull 5K in and out quickly.

That's why I intend on building my bankroll in pennies. Then as the amounts become to large to play in pennies, I'll swing/TA play midcaps and eventually large cap stocks.


The strategy is feasible, but perhaps not entirely in pennies. Diversify! Matt

A penny stock is any stock under $5.00,correct

I intend on building my bankroll over and over again and putting it into investment properties.
I want to own at least 10 homes, 2 down 8 to go [Wink] Actually 1 I live in, so still 9 to go.
Homes are averaging 375k for a 3 bedroom, taxes are a killer tho 6-10k a year!

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EVERY Day ABOVE GROUND is a GREAT DAY!!!

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right42day
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one2watchny it is a good plan. I just wrote myself a stock trading business plan recently. You have to set goals and stick to them. With out a plan it is more like gambling... I own a flowershop and I have written several business plans for that. Its a guide to keep refering back to. The idea is set plan in motion and stick to your own rules 10%, 12% or 15% whatever you have created in your plan and stick to your exit. Its a business, on to next, because there is always going to a next don't look back. Take your profit and run. If a stock starts to tank Know at what price you are going bail out at...(Don't average down and don't holdon to) My husband and I own several properties here on the Cape good place to invest. Real Estate is still a good investment just like the stock market up and down just know when to buy in and when to take your profits....Self control is the key... [Wink] Sorry for the length...Got a little carried away [Smile] Anyway that's only my opinion.

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The best way to predict your future is to create it.

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lilpennypincher
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Ric, did this once and figured it out great.

I wish I had saved his post on it.

Ric, are you around?

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Lil,

Dont LOSE more than you can afford to invest....LOL

I'm buying low and selling into the run...

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dreamer_rick
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quote:
Originally posted by right42day:
one2watchny it is a good plan. I just wrote myself a stock trading business plan recently. You have to set goals and stick to them. With out a plan it is more like gambling... I own a flowershop and I have written several business plans for that. Its a guide to keep refering back to. The idea is set plan in motion and stick to your own rules 10%, 12% or 15% whatever you have created in your plan and stick to your exit. Its a business, on to next, because there is always going to a next don't look back. Take your profit and run. If a stock starts to tank Know at what price you are going bail out at...(Don't average down and don't holdon to) My husband and I own several properties here on the Cape good place to invest. Real Estate is still a good investment just like the stock market up and down just know when to buy in and when to take your profits....Self control is the key... [Wink] Sorry for the length...Got a little carried away [Smile] Anyway that's only my opinion.

right42day, I like your way ...and you r right, real state is a good investment and stable one ...penny stocks is just to build your account up till you reach to a level that you can day trade in large cap ones ... that’s is my plan I want to increase my account till I can day trade in large cap stocks with keeping some small money to invest in penny stocks ... imho , I see that investing $1000 is more than enough for each stock because they sometimes give you more than 200% so for investing $10,000 that would give me a chance to invest in 10 stocks at the same time ... and of course NO averaging down ...if the stock goes down its going down in penny stocks especially if it breaks such a support ... its too risky to put more money ...Also sell at the run don't wait and don't predict if its running eventually it will drop ...all the traders out there want to take their profit so they don't care at what price they would execute to move on to another one ...IMHO [Smile]

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Dreams are not goals if you don't take an action

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one2watchny
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Thanks for all the input everyone.

There was a study done for graduates from Harvard (class of '73 or something like that) and 5% of the graduating class's net worth combined was more than the other 95% combined! Know what the 5% did that the other 95% hadn't?

They specifically wrote down their short and long term goals!!!
The power of the pen. I should say power of writing down your goals , for the day,week,year and beyond;
review them reguarly and notice if your going in the right direction or not.
Change what your doing if your not getting closer.
People do more to avoid pain then to gain pleasure.
Anyone familiar
You''ll do much more to protect 100k then to make it.
I think most here tho are risk takers and that's what it takes to be successful.
GLTA

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EVERY Day ABOVE GROUND is a GREAT DAY!!!

Posts: 2086 | From: Long Island New York | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
   

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