1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Who else is making a shit load of money with the stock market?

Discussion in 'Business & Tax Advice' started by TheChronicles, Mar 20, 2009.

  1. TheChronicles

    TheChronicles Regular Member

    Joined:
    Jul 3, 2008
    Messages:
    280
    Likes Received:
    47
    anyone?
    i have been making some pretty decent money
    i made
    $780.00 on wed. profit
    $455.00 yesterday profit

    and im not even doing anything just watching the stocks go up

    any of you guys invest in the stock market?
    oh and by the way this was my first time investing in the stock market because im finally old enough to invest

    =D
     
  2. jrm9

    jrm9 Registered Member

    Joined:
    Nov 13, 2008
    Messages:
    53
    Likes Received:
    53
    Location:
    Canada
    Yeah let us know what your investing in if you are giving us profit amounts
     
  3. bizcredit

    bizcredit Power Member

    Joined:
    Apr 1, 2008
    Messages:
    678
    Likes Received:
    253
    Occupation:
    blackhat
    Location:
    usa
    Home Page:
    good luck while it lasts
     
  4. hotwicked

    hotwicked Regular Member

    Joined:
    Jul 28, 2008
    Messages:
    238
    Likes Received:
    51
    It's a great time to buy. I have been doing so since things hit hard. Warren Buffet has been doing the same so you can't go too wrong with it. ;)
     
  5. shafty

    shafty Junior Member

    Joined:
    Oct 9, 2008
    Messages:
    115
    Likes Received:
    37
    I did that about 5 years back. Made some cash then lost even more. Too much of a headfuck for me
     
  6. lolzap

    lolzap Regular Member

    Joined:
    Jan 20, 2009
    Messages:
    476
    Likes Received:
    99
    What's a good trusty stock company? Where can I open an account and shit?
     
  7. kayzne

    kayzne Jr. VIP Jr. VIP Premium Member

    Joined:
    Dec 26, 2007
    Messages:
    707
    Likes Received:
    1,954
    Location:
    localhost
    I have about 100,000 shares, bought'em at 10 cents.

    Selling them for $3 a share.
     
  8. matthars

    matthars Newbie

    Joined:
    Oct 3, 2008
    Messages:
    32
    Likes Received:
    1
    Short the dow industrial its a sure bet until October, when bail out band aid kicks in .
     
  9. TheChronicles

    TheChronicles Regular Member

    Joined:
    Jul 3, 2008
    Messages:
    280
    Likes Received:
    47
    wow
    which stock did you buy

    as for everyone else
    i invested in

    -fnm
    -aig
    -gm
    -c
    -ctic

    i have made profit on all my stocks so far
    =D

    also you can open an account with etrade, scottrade
    i had etrade but switched to scottrade because it is cheaper $7 a trade and no in activity fees like etrade
    but etrade has a nice platform
     
  10. da buck

    da buck Regular Member

    Joined:
    Feb 24, 2008
    Messages:
    317
    Likes Received:
    116
    Location:
    Ohio
    What company is it?
     
  11. link2swim06

    link2swim06 Registered Member

    Joined:
    Feb 8, 2009
    Messages:
    93
    Likes Received:
    12
    I have "made" $1750 this past two weeks but lost $5800 this past year.

    The bulls are back, (maybe).
     
  12. TheChronicles

    TheChronicles Regular Member

    Joined:
    Jul 3, 2008
    Messages:
    280
    Likes Received:
    47
    i recommend that everyone who has money laying around to invest now
    everything is so low the chances of you actually loosing your money is extremely low
    i have emptied my bank account and saw profit within a week or two
    im trying to get as much money as i can to put into stocks
    after 4 years im going to cash in and invest in my business
     
  13. kayzne

    kayzne Jr. VIP Jr. VIP Premium Member

    Joined:
    Dec 26, 2007
    Messages:
    707
    Likes Received:
    1,954
    Location:
    localhost
    I invested in a start up company that turns garbage into energy 4 years ago. Very high risk. If i wait 4 more years, estimated @ $10 a share, i'm still debating if i should wait..
     
  14. secretboy08

    secretboy08 Jr. VIP Jr. VIP

    Joined:
    Apr 2, 2008
    Messages:
    2,369
    Likes Received:
    877
    Occupation:
    Internet marketer
    Location:
    Global Citizen
    that exactly how the layman talk before going broke.
    not flaming you are anything,but i have seen live examples of people doing just that and going broke.
    you may win now,but when you loose later,it will be big.
    The only way to gain in stock market is to play it long term or
    have a very powerful crystal ball.
     
  15. TheChronicles

    TheChronicles Regular Member

    Joined:
    Jul 3, 2008
    Messages:
    280
    Likes Received:
    47
    i am investing in long term
    and trust me i did a whole lot of research on each and every stock i bought
    i looked at many things, for example how many employees the company has, past history...
    if the company has like 200k people and there in trouble there is no way the us gov. will let it fall our whole economy would crash and not to mention the global economic catastrophe
    and plus alot of the stocks ive invested in have gotten billions of dollars of bail out money...
    but im not dis agreeing with you
    there is a risk
    but investing right now when everything is so low, the chance of it going any lower is slim to none
     
    • Thanks Thanks x 1
  16. java

    java Guest

    This broad advice is foolish at best. Famous last words. Just when you think it just can't go lower, it can and will.
     
  17. lts

    lts Newbie

    Joined:
    Dec 1, 2007
    Messages:
    46
    Likes Received:
    11
    Cash out half the shares and let the other half ride. Small Cap and New Emerging stocks can be very volatile and are more prone to insider manipulation and short squeezes. You could wake up one morning and the value in your stocks be virtually nil. Cash is king. Always take some profit off the table!
     
    Last edited: Mar 26, 2009
  18. wowhaxor

    wowhaxor Executive VIP Premium Member

    Joined:
    Apr 28, 2007
    Messages:
    2,021
    Likes Received:
    3,353
    Location:
    ?¿?
    Home Page:
    Yea but if the companies don't go bankrupt they'll have nowhere to go but up if you're willing to sit on them long term. If you buy in enough diverse areas you should eventually see profit because everything is so cheap right now.
     
  19. plut0

    plut0 Regular Member

    Joined:
    Aug 2, 2008
    Messages:
    255
    Likes Received:
    59
    any know mini or micro stock trading broker ??
     
  20. housemusic

    housemusic Regular Member

    Joined:
    Jan 27, 2009
    Messages:
    389
    Likes Received:
    72
    Occupation:
    Jan 2009
    Location:
    Jan 2009
    a lot of people on new york big buildings are making money with stocks :D