Anyone here successful?

[the phantom]

A long topic Systems which may need a new thread.
If they took the ban off Weird (Dave) he would have some good input as well as he is an experienced Systems designer.
Im sure he'd behave!

Hi Tech/A , I'm at least shortly back under my current internet persona.

I have no issue with this forum, or even it's guardians, and will behave ... however if they wish to throw me out ...np.

Hope to contribute to some system designing questions in the future, particularly being unbiased.

 

[burglar]

OK .... but a lot of people seem to mees up profits too by either selling too early or even worse riding it up and all the way back down again.

EB

exberliner,
I rode FCN Falcon Resources from $0.19 to $1.47 And all the way back to yo-yo land (oscillating between 0.30-0.50). I settled for $0.50 in the finish, still saying "they're worth more ... they've been $1.47". (this one woulda been my great start, had I not stuffed it)

Determined to never ever do that again, I took to selling too early. much more better, but as you point out, still wrong :error:

My usual reason for selling something is because I lost faith in management's ability to deliver. I sold EXM and CDU at a loss for this reason.

EB

When EXMOA gapped down ... too late to sell ... I would lose too much ...
I thought to buy more instead :error: later, I thought to buy fully paid ordinaries EXM :error: :error:

Newbies, listen very carefully, I am about tell you about the kiss of death!
I thought they could not go down much further. Then it dawns on me that they can consolidate! For instance 1 for every 10 held - and yes, the Share Price will plummet. As they have in excess of a billion shares, management may decide to consolidate!

I am not a big believer in stop losses as minor market swings have stopped me out of stocks I should have held in the past.

EB

Agreed, but only in the case of volatile stocks.

Anyone here successful?
I've been successfull 3x,
Winners are losers who never gave up.

EB thanks for sharing!

 

[Market Depth]

I've only managed to hit 3 home runs in 20 years, in my Trading business. Idependance Gold (IGO) There called Independance Group nowdays 0.30 - $8.20, Mincor Resourses (MCR) 0.25 - $4.50 on the downside, and Alligence Mining (AGM) 0.072 - 0.97 also on the downside. $4000 place on each trade at the start. Returned (IGO) $106,000 (MCR) $72,000 (AGM) $53,000.

All of these where closed out around 2007-2008 AGM and MCR where classic breakout trades, after long consolidation periods. IGO was brought to my attention through the mail. These came pretty late in my trading career, I doubt I would have managed them so well earlier in my trading.

These trades where sucessful for me, but I much prefer to hit singles anyway, it's more my business style. You can make just as much money taking smaller chunks more often. The odd BIG ONE does help though

That's it for my home run swing. I hope every trader manages to hit at least one in their career

 

[picker304]

Hello
I can honestly say I am now very successful but I also must say it took twenty years to acheive. Also spent alot of money on courses but had to add that to my losers side. I learned not to listen to the gurus and philosophers but to find my own way. My final destination was option trading. I haven't looked back. wish you best of luck.
picker

 

[wolfie3556]

Hi. Happy New Year and may it be a good one for all of us.

I have been playing around with share for a while now and no i haven't been successful yet (money wise that is) .

i had my stocks which have gone up and a few more which have gone down, but the most important thing to me that i'm learning.

i have started of with $500 which i saved $50 per week for 10 weeks and bought my first parcel of shares. how exciting that was at the time. i been doing it ever since, because that was all i could effort. I found You learn best when you have got something to lose. Watching your $500 go up $10 is awesome seening them go down $30 not so much.

In order to start with such a small amount you need a lot of patients. In 12 month you can accumulate $2600 this way plus any gains you may have made or minus any losses you have incurred.

First i looked for companies which paid good dividents, to help me to get some extra cash, and which were reasonable stable so i could accumulate and buy a 2nd parcel of shares when I saved up the money.

i know what about brokerage? I didn't really care as i knew getting to a $1000 or more would take even more patients and i have only so much.

I plotted along and I am working on my own strategy and as many have said before no one can do that one for you.

Hopefully this is of some help to you.

cheers

wolfie