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One question guys...where do you guys get six figures to invest as a college student? Did you earn all that money from your investments?
OFFICIAL STOCK MARKET & ECONOMY THREAD VOL. SCHOOL'S OUT
- Thread in 'General' Thread starter Started by dey know yayo,
- Start date
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I don't think I've ever mentioned the amount I have in my trading account.
Basically after high school, I started working at a small securities and regulations law firm (that represented clients against FINRA and the SEC). That waswhere I first got into stocks and stuff. I worked down the block from the NYSE and most of the clients were hedge fund guys, who for all their misgivings, putme on to a lot of things about finance that were valuable. I was basically that intern who, when told to take a client into the conference room, lawyer'soffice, etc., I'd do so and hit them with a bunch of questions. After a while, the regular clients got to know me and got to be pretty cool about talkingto me. I worked there up until last July and learned a great deal about the business. I saved up most of the money I made, reinvested it into some streetventures and the FOREX markets and started trading stocks in September. Although it sounds like my timing was horrible, I was papertrading for a while and sawthat time to be the best time to get into the market. I used what I learned at that law firm, trading currencies and everything I researched/read in my sparetime (I watch Bloomberg like it's Sportscenter) to trade. I won't claim to have KNOWN what was going to happen, but I had an idea things were going toget bad. 2008 may have been a bad year for long term investors, but traders made a lot of money off of the volatility. I started with $5,000 but I'm up agreat deal.
My best trade ever was accurately calling Morgan Stanley's survival when they were courting a couple different deals and ultimately let MitsubishiFinancials buy a stake. After the deal was announced, Morgan Stanley's stock took a big hit and people worried the deal wouldn't go through. I decidedto buy at 8 dollars convinced they couldn't go under (my logic being that they were a bank-holding company with access to the Fed's discount window,they had multiple deals in the work before agreeing to the MF deal which was because it was an equity stake meaning they picked the best deal for THEM not theother party, and their balance sheet couldn't have been Bear Stearns status because the Fed let them become a bank-holding company). I held them over theweekend but I basically got no sleep cause I was a nervous wreck. At one point, I convinced myself they were going to pull a Bear Stearns and I wanted to sellas soon as I could at whatever price just to get out of the position. It opened on Monday at like 14 and I decided not to sell since I was up. They put out astatement saying they were going to go through with the deal. I skipped classes all day and just watched the chart afraid someone would start a selloff beforethe news could hit the wire. I kept telling myself if it hits 10 I'm out, but it never hit 10. I ended up selling it before the close at around 17.50 formore than 100% profit. It went up to 23 dollars the day after but I had my first 100% gain and I was content with that. Especially after all the worrying I didover the weekend. Looking back, my trades were somewhat irrational during that time, but the things going on in the market weren't rational.
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the first time i ever made a profitable trade was when all the financials took a huge hit and fre and fnm was at their lows. the next day i fell asleep and frewent from .25 to .60 and i didnt want to chase it unless it dipped a little. it didnt dip so i bought at 1.1 and it went up to around 2 before i sold it. goodthing i did cause look at em now
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As for me, I've been on my hustle since I was 14 years old. Money didn't come easy for my family, so I understand the value of it very well. At thispoint, I have a few secure businesses/investments here and in Dubai that I have income flowing from. As for trading, I started out with $25K and am up a greatdeal. But before I put my money in, I used simulators for the past couple years to step my t/a game up. My main goal at this point is to purchase a home of myown straight up with cash. Hopefully I can fulfill it very soon.
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how do people feel about SRS. ultra short real estate.
all the Commercial Real Estate loans are about to start caving in.
the ceo of DB just came out and said the real estate market is about to take another blood bath.
i might try to get in on this and let it ride out.
all the Commercial Real Estate loans are about to start caving in.
the ceo of DB just came out and said the real estate market is about to take another blood bath.
i might try to get in on this and let it ride out.
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And patiently waiting I am.
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i don't have a six figure trading account.
my parents got me into investing early...not just the market, but real estate and other investments as well.
i have always had a joint accounts with my parents, and they signed it off into my name after i graduated college in '07.
i've been up...been down...and now im back up again this year. i finally paid off my college tuition, and my the down payment on my condo...next willprobably be another property or a car, but i need to find another CBIS
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qft! missing out on tenbaggers ftlOriginally Posted by iEternalv
i don't have a six figure trading account.
my parents got me into investing early...not just the market, but real estate and other investments as well.
i have always had a joint accounts with my parents, and they signed it off into my name after i graduated college in '07.
i've been up...been down...and now im back up again this year. i finally paid off my college tuition, and my the down payment on my condo...next will probably be another property or a car, but i need to find another CBIS
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First time poster, long time lurker.
Many NTers got their stock game on lock.
I need to get put on in the stock game. Lil Chico, Kicksfiend can you help?
I've read bogleheads guide to investing. I've opened up a roth ira with vanguard apr 2008 maxed it out. When the stock market plummeted, my rothaccount almost cut in half. WOW! It's making its way back up and I have a lot of time learn I'm 22 right now.
From what I've learned Roth IRA's are very passive, set it and forget it type deal. Its secure, but I want some more plays.
I need help with day trading. I've opened up an investopedia 'play' account late 2008 and started investing in random stocks (COTT, BAC, AAPL). Istill have a lot to learn.
Where do you guys get these articles and some of these charts on this thread?
Let me know whats up...
Keep gettin money!
Many NTers got their stock game on lock.
I need to get put on in the stock game. Lil Chico, Kicksfiend can you help?
I've read bogleheads guide to investing. I've opened up a roth ira with vanguard apr 2008 maxed it out. When the stock market plummeted, my rothaccount almost cut in half. WOW! It's making its way back up and I have a lot of time learn I'm 22 right now.
From what I've learned Roth IRA's are very passive, set it and forget it type deal. Its secure, but I want some more plays.
I need help with day trading. I've opened up an investopedia 'play' account late 2008 and started investing in random stocks (COTT, BAC, AAPL). Istill have a lot to learn.
Where do you guys get these articles and some of these charts on this thread?
Let me know whats up...
Keep gettin money!
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I still consider myself a noob since I've recently got into trading. I suggest you check out investopedia.com and stockcharts.com (chart school). Both veryinformative sites. As for day trading, you'll need minimum $25k to start and your t/a skills must be top notch. If you want to hold positions or swingtrade: learn to read charts, trends/formations, and what different indicators mean and do. Let me know if there is anything else you'd like to know.
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Anyone see any potential plays for the upcoming week? I'll be scanning for some later on...
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i dont follow pharn stocks but im gonna be on a lookout for some nice blue chips with dividends
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well i found this transportation company that pays 23 percent. GMR.
but i prefer this one that pays 13. KSP
what really sucked was that i was into penny stocks and most of my picks were good. my friend convinved me to stay away from them and now i wanna find morepenny plays
XHUA?
but i prefer this one that pays 13. KSP
what really sucked was that i was into penny stocks and most of my picks were good. my friend convinved me to stay away from them and now i wanna find morepenny plays
XHUA?
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does anyone haveany info in regards to enzn for tuesday's earnings report
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Pennys are risky business. I would avoid them at all costs. I scalp the ones that have good looking short term charts and thats all. Majority of them are pumpand dumps. There is no money to be made long term in pennies.
All IMO
All IMO
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i think thats true.
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i agree also, but it just so happens that i make the majority of my money through penny stocks. I hold at most for a month, then im out, usually at least 500%up
im just working on getting the 25k in my account to day trade. Once i get there then i will shy away from penny stocks and start looking at the bigger stockcompanies
-J23C
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i guess the people that lack capital rely on pennys to make thier money to play with the big guys. once they reach there your perspective ininvesting might change
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Were there any ex-dividends dates? Or how often are the payouts?
I'm looking at the Daily and Weekly charts for those picks...
GMR: Daily seems to be on a downtrend, I want to see it hold $8.
KSP: This looks very nice. Strong uptrend. It seems to be overbought. I'd like to see a pullback before it continues uptrend.
XHUA: I have that on radar. Daily, it looks to be out of its downtrend. MACD pointing upward...It can pop once its crosses 0 to the positive. There are severalresistance levels that it'll need to break. Weekly, Bull Pennant formation. I'd love to see this test .01 - .0125.
I hate the pps being so high for most of these stocks that pay dividends. You have to put in a big chunk of capital to see some decent return.
All IMO
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Just be careful holding pennies for long periods of time. They are worth pennies for a reason. Don't get caught in the dump or you will lose a great deal.
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yea i really like KSP.
GMR might be oversold. look at the volume when it plunged. i would follow the ESM but if it plunges any further then that model is thrown out the windowbecause it looks like the trends gonna continue. i could take my chances now but the longer i take for confirmation the less risk and less reward there is.
whats pps? price per share?
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GMR still isn't oversold yet. It's getting there. I'd like to see a bounce off RSI. It'll probably test $9 again, but it's definitely on adowntrend.
Yes, pps is price per share.
Yes, pps is price per share.
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well GMR did face panic selling i want in on that dividend payout. 100 shares= 50 bucks! but i know they correct itself when the dividends goesout. its on my watch list for sure.
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Usually there is a sell off the day after ex-dividend date. It is difficult to get out of a position at that time. You must hope that it gets bid up to sell onthe ex-dividend date or you will have to ride it untill you break even or make some.
