How to turn $9,500 into $550,000+

[TheAbyss]

I've bought a million FNT and 500,000 YML. Will they work 4 me

Tell me you still have the 500,000 YML/BRM Rico

 

[njc.corp]

Some very interesting facts and good reading-

Thanks-

Nick--

 

[tech/a]

Actually I agree with Kris on this---where ever he is.

With sound trade management trading R/R there are very good "Possibilities".
If You had $25K to park/play with you could say have 8 $3k trades.

Would be an interesting exercise.

 

[njc.corp]

Actually I agree with Kris on this---where ever he is.

With sound trade management trading R/R there are very good "Possibilities".
If You had $25K to park/play with you could say have 8 $3k trades.

Would be an interesting exercise.

could u break it down for me-

I am in the above boat -

Thanks

Nick--

 

[BenH]

I am in a similar boat but unfortunately only have 10 K to invest. So ive got four stocks, INP, MHL, SAE, and BHP. They are all going green at the moment so i hope its all good for a while Gee, turning it into 20 K would be fantastic , i guess its possible, but $550,000, hmmmm i think that may be a little out of the question lol, but i could dream.

 

[Markcoinoz]

Actually I agree with Kris on this---where ever he is.

With sound trade management trading R/R there are very good "Possibilities".
If You had $25K to park/play with you could say have 8 $3k trades.

Would be an interesting exercise.

Hi Tech/a,

This has brought out some very interesting concepts.
I read through this entire thread.

One of your posts: Excellent post.
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One strategy I have mentioned before is that of "Free trades".
Once a trade reaches 100% (Or whatever you choose) sell the initial capital and just let the Profit side of the trade go on indefinitely. It can be traded again and again if you like. Building profit and removing Base capital to explore other opportunities.
Eventually over time you could have 20 or so stocks all trading in profit (As they would have to be delisted to lose it all!) letting profit run.

Further you could remove profit from those going stagnant and put it into those which are booming.---a million ways to improve performance.

Much easier to let a profit run when
(1) You have one.
(2) You don't need it to live on.
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I think the Free Trade strategy can be extremely effective.
However, IMO it still comes down to research as to which stocks to pick.

I try to combine Fundamentals with T/A.

1) Look for the sector that is performing the best.
2) Look for the leaders in that sector.
3) Evaluate near term producers in that sector. (Undervalued)
4) Purchase them in the hope they reach 100% of your investment.
5) Sell initial capital and let profits run.
6) Buy and sell along the way. T/A comes in handy at this point.
7) Repeat process with your profits when looking for other companies.

The above is fairly standard.
However, IMO the key to finding a potential longterm stock is to identify which sector is going to be the next Bull run.

ATM, many are focused in the Grains and Fertilisers.

I would suggest to keep a close eye on Transport as that is an area that has massive growth potential over the next few years.

Cheers markcoinoz

 

[Spanning Tree]

So it really does pose the question are most of us just simply wasting time mulling over hours and hours of charts, glued to a computer screen etc, when the majority of us could just buy almost any mining stock in the midst of a mining boom, and make squillions, just by being patient.

But in order to know that the mining sector is where you should invest, and at what time you must invest, may require some chart studying.

 

[njc.corp]

After reading the whole 10 pages- i understand the stc comments-

some of the posters have called it silly but i don't

in the world we live in what's 100% anymore-apart from taxes which is up a little every year in some kind -

? to all of us- and let's be honest here-how many people have picked a horse because its got a good name to it or the horse's number because its your b'day number?

i know i have-am i silly- maybe i am silly if i told u for example that i put $5 k on it-i bet everyone who say i have more money then sense-but if i put $10.00 on it everyone here would say its only $10.00?

the point is that in this stockmarket/betting feild its not bulletproof wether u study and get tips and chart this- (and we all know we are betting so dont give me if u study this and that u reduce the lost-)

reduce the lost? is that not the same as losing the whole lot-wether a bit or the whole lot?

who here spends hours and hours reading-doing figures-looking at charts- from this thread i gather a few

and book's-dont even get me started on books-by the time u read everybook out their when will u jump in this betting feild?

so my ? to the people who do all the above have u always won or gain a small % or reduce the loss-

or u guy's piss that someone can come along and say put 10 k on that and 2-3 years later they cash out at say 50 k while u are winning a bit or reducing the lost with so many hour's under your belt?

so my summay is thats everyone has a style and its their view and even i forget that's its not our money--

i think stc idea or pratice is less stressfull in a way and cheaper-because from what i gather he is not a everyday trader-

buy now and see how its doing later and carry on about your life-beat's getting quare eye's from vviewing the computer screen all day long-

some of u do this for a living and others do it for a bit more income--
Nick--