Short term trading

[wayneL]

Here's my hot tip - property.

Shares are an hobby.

Even with all the stamp duty and associated fees I've made way more with property than shares.

Our home has tripled in price which is good because we own it, not the bank.
One of our units has gone from $138,000 to $300,000 in six years. It'll be water front soon if the global warming continues. I'd like to meet the person who can make $162,000 from shares in six years!
Imagine the capital needed to do that.
Imagine the lack of sleep having that much invested in shares.
Image the research needed.

Notwithstanding the benefits of property, trading can do as good or better as some here can attest.

 

[professor_frink]

No. I've been doing it off and on for years. I only do it when I have some spare time.

I've made about $9k 06/07. Most of that since putting more time into it over the last month.

Every time I get into it I wonder why I don't get into it on a more regular basis.
I don't need to work but it keeps me busy during the day. Trading is more of a hobby, if I we need some extra cash then I do some trading.

Ok. Best of luck with it then.

I'd like to meet the person who can make $162,000 from shares in six years!
Imagine the capital needed to do that.
Imagine the lack of sleep having that much invested in shares.
Image the research needed.

for someone who claims to have made 7% in the last month from shares, that is quite an odd statement to make

 

[tasmanian]

$162,000 in 6 yrs.thats only $27,000 a year

a good trader with $100,000 should do that.27% a year.with the market the way it is ive made almost $100,000 this year.and started the year with $120,000.

not blowing my trumpet im sure many have made alot more than me.

I believe alot more work goes into properties than researching companies.ive slept well every night but must admit a downturn is a sure thing sooner than later imo.thats the time to get out sit on cash no need to be greedy.

Im taking profits now slowly but surely.sure i could have made more but the market of late is pretty special.

Property is obvisouly a good investment but give me shares any day for less hassle.

 

[tuco]

Notwithstanding the benefits of property, trading can do as good or better as some here can attest.

No doubt that's also very true but I enjoy the lack of work load required with property and the rental income which comes with it.

At 44 I've achieved my 30 year goal of 7 digit worth so I'm happy to sit back and take it easy.

 

[wayneL]

No doubt that's also very true but I enjoy the lack of work load required with property and the rental income which comes with it.

At 44 I've achieved my 30 year goal of 7 digit worth so I'm happy to sit back and take it easy.

We're all happy for you. So how long is it, so we can all compare?

 

[It's Snake Pliskin]

I'd like to meet the person who can make $162,000 from shares in six years!
Imagine the capital needed to do that.
Imagine the lack of sleep having that much invested in shares.
Image the research needed.

Once again your comments display your weaknesses.

 

[Wysiwyg]

Once again your comments display your weaknesses.

Next stop.....mountain cave and incence. :bowdown:

 

[wayneL]

Next stop.....mountain cave and incence. :bowdown:

I like Snakes one liners... very Tao

 

[professor_frink]

I like Snakes one liners... very Tao

If you can talk about it,
It aint Tao

 

[Wysiwyg]

If you can talk about it,
It aint Tao

Next stop.....mountain cave and incence. :bier:

 

[Duckman#72]

I like Snakes one liners... very Tao

I like them too.

Sometimes I like to jazz them up a bit and add things like ......... "Grasshopper" or "Crouching Tiger" at the end of the sentences. Makes him seem even more full of scorcery and mysticism.

Duckman

 

[wayneL]

If you can talk about it,
It aint Tao

Ah yes, the dichotomy and enigma of the Tao.

"Those who know little, speak much
Those who know much, speak little."

*as Lao Tzu writes 81 verses on the topic lol

I suppose it is a lot less verbose than say the bible or koran... all relative I guess.

At over 3000 posts, I guess I better shut up then! hahah

 

[Wysiwyg]

Ah yes, the dichotomy and enigma of the Tao.

"Those who know little, speak much
Those who know much, speak little."

*as Lao Tzu writes 81 verses on the topic lol

I suppose it is a lot less verbose than say the bible or koran... all relative I guess.

At over 3000 posts, I guess I better shut up then! hahah

After many trials and tribulations I sought solace from the man in the cave upon the mountain...
He said to me ..after enlightenment,chop wood and carry water.

 

[Wysiwyg]

Ah yes, the dichotomy and enigma of the Tao.

"Those who know little, speak much
Those who know much, speak little."

*as Lao Tzu writes 81 verses on the topic lol

I suppose it is a lot less verbose than say the bible or koran... all relative I guess.

At over 3000 posts, I guess I better shut up then! hahah

After many trials and tribulations I sought solace from the man in the cave upon the mountain...
He said to me ..after enlightenment,chop wood and carry water.

I told him that I don`t have a fireplace and the water is on tap.


I read your posts and find them interesting.

 

[chops_a_must]

We're all happy for you. So how long is it, so we can all compare?

Bahaha!

 

[MichaelD]

"After many trials and tribulations I sought solace from the man in the cave upon the mountain..."

Ah, wise man, if you are so wise, why do you live in a cave with no electricity and no hot water.

"It's a tax deduction"

Ahhh, you ARE a wise man.


Hagar the Horrible.

 

[bingk6]

LHG, for the moment has somewhat decoupled from the gold price. I bought in at 2.75, only to watch gold rally approx 30 bucks and the stock move up to 2.80. I would be carefull doing this with LHG.

Yes, I have noticed that too. Not long ago, NCM was the one that seemed decoupled because of their hedging, but now seem more responsive than LHG.

 

[carmo]

What's a $60 brokerage fee (buy and sell) when you make $1000+ in a trade?

I'm happy, it's a tax deduction.
Even in smaller trades a few hundred profit is a few hundred more than I had a few hours earlier. Call me Mr glass half full.

When you say "Tax deduction" do you mean you simply just deduct the costs from your profits or do you actully claim a deduction as such?