20% up in one month, can it be maintained ?

hey kid ... you could be up 100 % or more in a month ... means nothing in the short term

stay humble ... try to fine tune what works
for you ... try not to have bad days or weeks
be steady ... do not risk the whole kadoodle

report back to us on ET on Dec 31.

and give a few $ to charity once in a while
if you are really doing well

:)
 
Quote from abdo:

Thanks all for your comments.

FaderTrader, I really don't use any specific strategy I just watch out for stocks that have gone way down that I feel can't go any lower.

bali, I don't really understand the equation you posted. [/QUOTE

Not to be insulting, but it seems pretty clear you dont have a plan or risk control strategy. Even worse, it sounds like you are doing somtheing VERY dangerous...bucking the trend...so at THIS moment...you are doomed.

My friend you just got lucky...probably betting too much.

If i were you, take your new found fortune...and get some books. there are some good book recomendations here. study hard, and lower your risk. After MANY years, if you are VERY VERY good, you may be able to consistently make 5% per month.

Then NEVER stop studying or working or improving..and you MIGHT be able to keep it up.
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Your's is a sentiment I've always espoused. I've known talentless guys who beat around for years only to hit the right huge move (i.e. crude or gold) and walk away with some good money. Conversely and MUCH more commonly I've known many (my self included) who make a mil or twenty, know they got it figured out and then drop it all on a single trade. Like the great quote from Horace:

“Many shall be restored that now are fallen and many shall fall that now are in honor.”

Quote from TrueRange:

This game is not over until one of two things happen.

1. you blow out

2. you retire wealthy


anything else is static.....
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Quote from abdo:

I know this may sound familiar but it truly happened to me and I liked to get your feedback about it.

I started trading one month ago just knowing some of the basics and not even familiar with all order types.

I started with $3000 and in one month I gained $600, actually during this month in just one week I was up to $4000 then was pulled down to $2600 then made it back up to finally $3600.

I never put stop loss orders either with the broker or even mentally.

I usually pick low priced stocks that I feel can't go any lower although most of these stocks have a daily volume of not more than 100,000 shares like WEX.

I will fund my account with another $6000 to maximize my gains.

Although from what I read I know I should lose but I really find this very easy or may be I have a good sense in picking stocks ?!
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Abc-do

RE;WEX
Sure it can be maintained, perhaps exceeded:cool,
with one month experience,'feel like it cant go any lower'';
actually you probably dont want to listen to the fact you are trading too large/''add 6k''


Sure can be easy for one month or more;
can be easy also to blow an account up also ,especially with ''no mental stops'':cool:

Of course if you do manage to ''figure it all out'' as Pabst implied;
no wonder he perhaps put it all''drop it all'' on one trade. Wouldnt advise that;
but we arent giving financial advice anyway !!!!!!!

Wisdom is profitable to direct.:cool:
 
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