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Turning 5,000 dollars into 50,000 dollars

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insider

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6 January 2006
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I want to set a chalenge for myself and transform 5,000 dollars into 50,000 dollars. I've been in the share market almost a year now and have treated it more as a learning experience than a chance to make money... now with my recent success with DYL I transformed 5000 into 9200. I've decided to seperate 200 dollars as a buffer for possible losses. Now I have invested 9000 into MTN. I now have 11 months left on the calender... Can I do it?

What does this prove... Anyone can do it!

PLease feel free to offer tips, techniques or suggestions...
 
Re: Turning 5000 dollars into 50,000 dollars

all i can say is good luck pick some crazy stock like CDU, DYL, TRO etc and u'll get there in no time
 
Re: Turning 5000 dollars into 50,000 dollars

Oh yeah 5,000 dollars is what I needed to open a CDIA account... What's a good Bank account for trades above 10,000 dollars
 
Re: Turning 5000 dollars into 50,000 dollars

insider said:
I now have 11 months left on the calender... Can I do it?
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1000% in 11 months? Very unlikely, especially without leverage. If you do, it'll most certainly be luck.
 
Re: Turning 5000 dollars into 50,000 dollars

You should post every month or so telling your progress. Many times when someone makes a statement like this you never hear from them again, basically because the odds of it happening are slim.

As with the stock market and gambling, you only ever hear how much everyone wins.
 
Re: Turning 5000 dollars into 50,000 dollars

insider said:
Can I do it?
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Your chances of doing this are essentially zero. It's probably pointless telling you why since you won't believe the naysayers.
 
Re: Turning 5000 dollars into 50,000 dollars

Good luck, wont be easy
 
It's better to shoot for the stars and land in the mud then just end up in the mud...
I do understand the odds are against me but it would be interesting to see how it goes, wouldn't you agree?
 
insider said:
It's better to shoot for the stars and land in the mud then just end up in the mud...
I do understand the odds are against me but it would be interesting to see how it goes, wouldn't you agree?
Click to expand...

If you do it, your gamble has paid off with highly speculative stocks.

However you will carry on "gambling" until you lose everything.This method is doomed to failure in the long run.
 
Once a week or so there is someone buys a lotto ticket and gets a better result than that. Mostly everyone else that buys a ticket does their cash in cold. Your chances are a little better but not much. Slow and steady wins the race remember.Best of luck. I,too, would like you to let us know the result. (Maybe there is a horse tomorrow that can do that in a day)
 
I say try to no let peoples opinions about whether you can or not cloud your mind. Its only when we open up to unimaginable concepts that we can conquor. Thomas Edison has 1097 patents in his name - but he finally got there. Colonel Sanders had 700 odd nock backs from people - but his belief that it would work pushed him through.

I would rename your thread to "watch me turn 5,000 into 50,000".
 

Insider, I wish you luck, however $200 isn't much of a buffer in case of any reversals, only 2% of your capital. Also you are not spreading your risks by investing in only one stock, regardless of MTN's good prospects. It makes it look like you have only one roll of the dice, when in fact you should have many opportunities. regards YN.
 
Here's a suggestion. Give me all your money. I'll go and blow it on concaine and prostitutes. It shouldn't matter to you, as your going to lose it all anyway. At least this way, you'll know for sure that your money has made someone happy
 
what are you like at trading options insider???

1000 percent is a massive ask without leverage. Do you wish to keep it safe as well?? this shall make it a near impossible task if so.

If you want a punt however, i recommend a way out of the money ZFX call option. ZFX commodity prices are unhedged and the stock pretty much follows the price of zinc (need i say more). if zinc goes up another dollar in that time which it could well do, you will go close to your target.

good luck!!
 
Understood Yelnats thanks for the opinion... I absolutely agree with you however that it is a little to soon to diversify:

1. Diversifying means to incure further brokerage fees
2. Not enough money in my opinion to spread (20,000 would be a good amount)

However I do a different type of diversification where I research a list of companies and then string them together in what seems to be the correct order of gains. Almost like playing the price is right! The only reason I have given myself 200 dollars only for leverage is because I feel confident in my latest investment (MTN) and that they have risen since purchase. That now means my leverage is now 700$ or 7 %.

I strung DYL then MTN then EXT then UXA (maybe)... judging by today I should've strung EXT before MTN... Or maybe I should have re bought into DYL at 23.5cents instead of trying and missing out at 23cents.

By the way I do withdraw from this account but rarely so some money might be taken away...

Later I might look into margin lending

I really appreciate CONSTRUCTIVE CRITICISM thanks again
 
I've been watching ZFX for about 6months when they were something along the lines of $7.50... I would hold off them for now just cos I think it's about time for people to cash them in... Will maybe getsome later
 
Wow you're trying to make ten times your money... is there a time limit to this challenge?

You say you've been in the market for a year now - how does your track record look like?

You may have just got it lucky with DYL... but not all stocks go the way you plan...

Good luck - some people may say you have zero chance - but there is a slim chance of you succeeding but the odds are very much against you - - especially with such a small buffer
 

The buffer will increase as time goes on but the aim really is to use the same money over and over... I do feel confident that it can be achieved because since starting I had the opportunity to make much more then 50,000... I would pick winner stocks but the biggest problem with me back then was my lack of experience which resulted in hesitation and impatience, which turned into huge losses... I'm not saying that the opprtunities will be the same again because luck does play into it but it would be interesting to see at least how much can be made... The way I see it is i'll do the opposite of what I did back then. lol

By the way to keep it fair i'll use only share market money no outside cash with exception of margin lending...

Remember it's just for fun and it's also a good way to keep a log...
 
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