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Does anybody make money trading stocks

Discussion in 'Making Money' started by bihguy, Sep 24, 2013.

  1. bihguy

    bihguy Power Member

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    I was on this forum for about 10 minutes, searching for stocks and wall street and so on and I didn't find anything. I found someone saying that Wall Street Exposed is a scam, but nothing else. So I was wondering is anyone making money with it. Don't tell me it's dangerous, I like risks.
    Back to the topic. Where can I learn how to trade stocks and which sites are good for buying and selling them that don's cost $100 dollars per transaction.
    Is Wall Street Survivor a gut place to learn it.

    I found two sites with Wall Street Survivor in it but I don't know which one is better.

    Code:
    http://legacy.wallstreetsurvivor.com/Home.aspx
    http://www.wallstreetsurvivor.com/
    
     
  2. dexum175

    dexum175 Newbie

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    I use barchart dot com/stocks/signals/top100 , choose the stock you would like to buy (shouldn't be to hard), and play. I went straight to trading with absolutely no training, ended up loosing some cash, but now a badass. Also check NASDAQ's 'Up on Unusual Volume' here nasdaq dot com/markets/unusual-volume.aspx . I like to put in 1000$ on a stock with 9.00-15.00 value, if it's on the rise, go for it.
     
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  3. bihguy

    bihguy Power Member

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    That is good. But I don't have a job and I just turned 18 recently and am still in high school, so unlike you I have no money what so ever.

    P.S.
    I hope that I haven't offended you with any of these statements, they may have worked for you, but I'm not sure if they'll work for me.
     
  4. cire81

    cire81 Junior Member

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    Don't waste time on stock trading. How many successful traders do you see out in the market compared to those who hold a decent job or run a down to earth business? Be smart and wise up. This is not the game for you nor me.
     
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  5. bihguy

    bihguy Power Member

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    I like risks. True, currently I don't have any money but who knows. I also like to learn and I think learning this will help me out a lot. Thanks for the concern.
     
  6. dexum175

    dexum175 Newbie

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    Then find a part time job, easier the better, meaning you could work and have more time on your hand to work on IM and increase stock knowledge.
     
  7. bihguy

    bihguy Power Member

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    I'm asking advice for stocks and stock trading, not advice on how to live life.
    I'm still young.
     
  8. cire81

    cire81 Junior Member

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    This is all the important to lay your foundation right because you are young. I can understand your anxiety to make money fast. Your chance will come. Stay grounded and build up your knowledge. If you are seeking investment knowledge, then you should learn to acquire assets that generate passive income or grow through the years.

    In stocks, you can look for Companies with a good barrier of entry for long term investment. The key is not to speculate but to park your money there to grow together with the Company. Ask yourself one simple question when you invest into stocks. Is this a Company with a solid that I can own for many years to come? Price is irrelevant when you buy into a good Company. Example of a good Company, GE/ Google. High barrier of entry, capital intensive, diversified business model and high profit margin. Example of speculative company, APPL/ Apple. Who knows when iPhone will go down the road like Nokia and Blackberry?

    Learn to invest and not trade. If you really like to trade. Study hard and become a trader working for Goldman Sach. Trade other people's money until you are consistently beating the market before you venture out on your own.

    If you like risk, why don't you just play texas poker? High risk high gain. Good poker players are usually very good traders. As they learn to calculate probability and remain discipline during bad hands.
     
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  9. D4RK KNIGHT

    D4RK KNIGHT Regular Member

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    Most of my money was made in Q stocks. Q stocks are stocks that were trading on the big boards and then declared bankruptcy. They are then delisted and given a new ticker symbol which includes a Q, thus the Q stock. These stocks then plummet and you are given the opportunity to buy billion dollar corporations for pennies. There is a ton of risk in this but it can also be very lucrative. When the company comes out of bankruptcy the shares are almost always deemed worthless, but if you go in for awhile and get out before the restructuring, there is a ton of money in it.

    Some big plays of mine in that 2009 stretch:

    CEMJQ (Chemtura) bought at .045 and sold at 1.50
    SSCJQ (Smurfit Stone Container Corporation) - bought at .19 sold at 7.00
    SSCCQ (another class of Smurfit stock) bought at .03 sold at .70


    The real key to trading well is figure out a system and go with it. I trade mostly big board stocks now although I occasionally dabble in a Q stock play but they have largely cooled off.

    Stickky Stock Charts is a good book to look at.
    Heres another: http://www.amazon.com/How-Made-Milli.../dp/1897597991

    The book talks about developing a system and going with it. Trading should be non-emotional.

    If you also want to watch some interesting shows about trading check out Wall Street Warriors, you can find it on Hulu.

    Some episodes these guys lose a million dollars and they show no emotion because they followed their system. It's hard to be stoic, but if you can, you can make money in the stock market.

    Overall other than tradeing Q stocks and channeling stocks. It's a rich man's game.

    One thing nice about Q stocks is the upside is huge considering there down so low to begin with.

    As far as day trading and channeling stocks here our some nice rules that have helped me trade more successfully.
    http://www.blackberrystocks.com/stocktradingrules.html
     
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    Last edited: Sep 28, 2013
  10. Numbuh362

    Numbuh362 Elite Member

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    Stocks are more long term if you don't have much to invest, if you have a decent amount to invest it's possible to day trade.
     
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  11. bihguy

    bihguy Power Member

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    Thanks you
    D4RK KNIGHT

    and
    cire81


    You guys know what I want, not like some others that will give you a bad reputation because of reasons.
     
  12. jimmbarker

    jimmbarker Newbie

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    If you are looking for the long hall check out Tesla. Facebook would have been a great investment 6 months ago as well...
     
  13. xShirase

    xShirase Newbie

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    TPT is down... Just after I made a scraper and got their entire db... Up for grabs for a few bucks btw, PM me if interested, there's 15k records in there containing stocks, promoters, etc... They've been bought and will reopen in Nov (hopefully with the same structure so i won't spend too much time coding ;) )

    I have a few more goodies concerning penny stocks, PM if interested.
     
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  14. cashola

    cashola Registered Member

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    I just started to play the stock market and I get good advise watching mad money and fast money on CNBC!
     
  15. cire81

    cire81 Junior Member

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    When you invest, don't buy into the hype by the media. Whenever professional tells you to buy, you have to be extremely cautious. Very simple, if the experts are always right, who will be the counter party when you try to sell? A very simple technique to use when investing into stocks that I personally use with great results.

    1. Monitor the benchmark S&P500
    2. Select a basket of good companies which you can under the business model (how they make money, what is their protection against competitors). My personal selection in this case would be (yours could be different), Google, GE, Las Vegas Sand
    3. Wait for S&P500 to plunge 50% before buying. Use only 50% capital to purchase. Example, If you have USD$10,000, use only USD$5000 and buy your selected stocks.
    4. Wait for S&P500 to plunge another 25% before using the other 50% capital to purchase.

    Exit:
    5. When S&P500 raises to 1,000 points, sell 10% of your holding
    6. Sell another 10% of your holding when S&P500 reaches 1,100
    7. Sell a further 10% when S&P500 reaches 1,200
    8. Sell 10% more when S&P500 reaches 1,300
    9. For every 100 points increase in S&P500, sell 10% until eventually you have no more shares left
    10. Repeat the cycle again

    Case study:
    I bought Las Vegas Sand for USD$3.80, USD$4.50, USD$5.35. This makes the average price to be around USD$4.55. I sold Las Vegas at USD$19, USD$28, USD$35, USD$40, USD$45, USD$50 and finally USD$60. My average selling price is USD$39.55 thus my net profit is USD$35. My overall returns woud be around 869% with a holding period of total five years. My average annual return is 173%.

    Conclusion:
    Stay far away from these so call experts and stay focus on stocks with business model that you can understand. Ignore the news. Once you buy it, stay with it through bad times. However, you need to slowly liquidate for profits when good time comes. Simple method that have helped me beat Wall Streets ever since I begin investing in stocks when I am 19.
     
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  16. cire81

    cire81 Junior Member

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    For those who are on the stock markets. Do be careful and try to cash in for profits slowly as market do not go up forever (a proven fact). Presently I have exited my portfolio and investing slowly into Direxion financial bear 3x ( it goes up when the market goes into correction mode, you can hold this counter for long term as well as in any stock)

    Taking a profit is never wrong but try to stay away if you are entering new positions. You might be better off investing your hard earned money in your own IM business whereby you have more controls
     
  17. CutieQueen

    CutieQueen Newbie

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    I use to trade penny stocks. This is when they use to actually run for days/weeks. Now, the quick p&d's basically kill any chance for a real run.
     
  18. cire81

    cire81 Junior Member

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    Yes, penny stock is bit tricky at the moment. It is not suitable for most of the people out there in the market. Unless you are trading insider information, it might be better to stay away. Yes, the potential returns are high but the risk is equally higher as in you do not have control once you invested into these counters.

     
  19. The Mentalist

    The Mentalist Power Member

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    Penny stocks are tough, and you have to be careful with how you buy them to make sure you're doing it legally. If you want to take a risk, find a penny stock with a semi-legitimate company behind it, and then hold long term, kiss the money goodbye, set an alert type of notification system so you can sell at an instant's notice, because pump and dumps can happen quickly. But if you're lucky something will cause it to spike at one point, and you can sell out.
     
  20. cire81

    cire81 Junior Member

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    Agree with your view on this. It is important to be extremely careful when it comes to Penny stocks. As I have mentioned, unless you trade insider information, it is better to stay far away.