Penny Stocks!
Make $ w/ $2,000?
- Thread starter jasrlew
- Start date
Penny Stocks!
Quote from baggerlord:
I live on Mammoth Mountain. This is the reason I live here, working crap jobs, instead of getting a real trading job: http://www.mammothmountain.com/winter/adventures/ski_ride/trail_map/
Mammoth is great summer and winter: one of my favorite spots as are the rest of the sierra's ....... been all over the range hiking and Mammoth in winter is truly the greatest place I know of for consistenly good skiing and boarding.
...its a big problem to attempt to live there on small dollars: with all the increase in housing costs, low wage earners are being forced out.
You can see POSO is up about 600% so far this year. Thats all you get if you buy and hold. You can make several times more by trading it in the cycles I recommended.
Mark up both charts to show trades.
Take the 2000 bucks starting in January.
Move it from one stck to another and make a list of the trades in excel. Do two lists of trades: one that is maxed out and the other hat only pulls down half the potential profits
Run a cummulate total Capitalization column and a % gain YTD and do an annualized money velocity column too.
Post it this afternoon so people can see the work and see how these kind of stocks can get a beginning guy to a nice place in six months.
Caltrader, housing really isn't that bad if you stay in the lower end of town, know as "the ghetto" here. It isn't really a ghetto, but when 1bd apartments rent for $1200 elsewhere I guess it kind of is. I only pay $450 for a room in a condo, only a couple hundred more than I did in college. Not bad for where I get to live.
Jack, I really doubt my solution is to trade penny stocks. And I thought you said you only traded higher priced stock?
Jack, I really doubt my solution is to trade penny stocks. And I thought you said you only traded higher priced stock?
You can choose from many methods of making money.
the Cup and handle is a nifty one for poeple who have to lay off profits for an intrmediate term. they can only watch so much money.
since you may be working on POSO and LU to make some money on an excell sheet, I thought I would show you the cup and handle.
Attached is the IT trading picture for POSO. It just makes about 300% for 6 months. Personally, I buy at the bottom of the cup but that is too risky for the cup and handle originator.
On of his protogege's showed 8 of these coming up in a traing workshop. He recommended watching and going in if they turned out to berak the line. He asked if anyone owned any of them already. I owned 5 of 8 and he asked me my name.
When he found it out; he said that the workups he had asked me to do for him in the past were the best he had ever seen.
My point is not to brag. The point is that I used the system I offered you to do the workups. It is a third party evaluation. I had a little less than 10 accounts with him and we had never met until that time. Many of his accounts coattail traded with me. My local broker's collegues ofthen had 20,000 share positions of the freight I was carrying as well.
If you trade cup and handle on POSO you make 300% every six months; if you trade from the bottom of the cup (a saucer formation in itself) you make 600% every six months.
A typical person looking for diffrent approaches (I track 12 in an expert manner) takes a couple of weeks to get organized and set up files. (you have none).
Next they learn 4 or 5 methods quite well. Yuo haven't done that yet.
Then they look into themselves to see what is what.
By becoming conscious of stuff, meaning an assortment of ways to make money and their personal character, they learn how to make choices. Learning this can only be done when a person has choices.
here you can choose from:
10% every 6 -8 days,
300% every 6 months, or
600% every six months.
by this afternoon if you do the excel spread sheets.
If I laid out 9 others, one of which makes 50 times the first one, thyen you could learn all 12 and see what works for you.
My bet is that you are going to not be able to choose for a while because you are busy trying out something you invented that might work. Lots and lots of people do that. Their are crude people here who encourage them for personal profit motives.
4 out of 5 people do not go for what I suggest. that's because they do better thanthe four choices I posted here. They are wayaheadof these methods. I am able to gleanmost methods from brief descriptions people give. Take scientist's numbers for example.... advanced beginner. Mr Market's numbers...he is below the radar. big posters.....mmmmmmm
the Cup and handle is a nifty one for poeple who have to lay off profits for an intrmediate term. they can only watch so much money.
since you may be working on POSO and LU to make some money on an excell sheet, I thought I would show you the cup and handle.
Attached is the IT trading picture for POSO. It just makes about 300% for 6 months. Personally, I buy at the bottom of the cup but that is too risky for the cup and handle originator.
On of his protogege's showed 8 of these coming up in a traing workshop. He recommended watching and going in if they turned out to berak the line. He asked if anyone owned any of them already. I owned 5 of 8 and he asked me my name.
When he found it out; he said that the workups he had asked me to do for him in the past were the best he had ever seen.
My point is not to brag. The point is that I used the system I offered you to do the workups. It is a third party evaluation. I had a little less than 10 accounts with him and we had never met until that time. Many of his accounts coattail traded with me. My local broker's collegues ofthen had 20,000 share positions of the freight I was carrying as well.
If you trade cup and handle on POSO you make 300% every six months; if you trade from the bottom of the cup (a saucer formation in itself) you make 600% every six months.
A typical person looking for diffrent approaches (I track 12 in an expert manner) takes a couple of weeks to get organized and set up files. (you have none).
Next they learn 4 or 5 methods quite well. Yuo haven't done that yet.
Then they look into themselves to see what is what.
By becoming conscious of stuff, meaning an assortment of ways to make money and their personal character, they learn how to make choices. Learning this can only be done when a person has choices.
here you can choose from:
10% every 6 -8 days,
300% every 6 months, or
600% every six months.
by this afternoon if you do the excel spread sheets.
If I laid out 9 others, one of which makes 50 times the first one, thyen you could learn all 12 and see what works for you.
My bet is that you are going to not be able to choose for a while because you are busy trying out something you invented that might work. Lots and lots of people do that. Their are crude people here who encourage them for personal profit motives.
4 out of 5 people do not go for what I suggest. that's because they do better thanthe four choices I posted here. They are wayaheadof these methods. I am able to gleanmost methods from brief descriptions people give. Take scientist's numbers for example.... advanced beginner. Mr Market's numbers...he is below the radar. big posters.....mmmmmmm
Jack, How do you buy at the bottom of the cup? The handle hasn't formed by then so you don't know it will be a C+H. Do you just buy rounding bottoms? How about a few that you are looking at right now? No offense, but anyone can pull out an old chart and say "See, this is how you trade!"
Quote from baggerlord:
Jack your posts are always lots of fun! I would love to give your strategy a try on stocks but as I am currently one of the poor 2k-ish people I can't really do that. I don't even have a stock trading acct right now, just futures. I wasn't aware you had a journal. What is its title?
there are two.
for equities, that is where you need to go,see page 3 of jounals under : Catch Up Tomorrows Paper Today.
For futures, see page 1 of journals,Futures Indexes and tool box. This is for futures which are not your cup of tea it looks like. I am adding 14 posts there today to cover the consolidation of February in the thread stochastics. that threat is one where learning futures is going on. These 14 posts of 10,000 characters each are the Version II condensation (to provide only specific rules and methods) of the version I which was just a condensation that took the bullshit out form shitheads who screwed the thread up.
the bold print in version II is now on a chron list (posted in thread and also a bold alphanumeric list. this is 1/5 of the total list that will be done using months following this February stuff.
the thread stochastics is 700 pages long and I am editied it down to version I do make it cohesive for learning a PROCESS. version II is a much tighter edit of vrsion i and it only includes the learning chronology of the method (process of learning)
All of this is intended for mature people who have the shit of of their systems and do not crap around in threads.
Here's an example for you. I don't mess around with average stuff. I go for excellence. I am a sportsman 5 years younger than Warren Miller. I modelled for him in the 50's. I tested for Head from first year on. I tested for Dynaglass from inception. Re: Head's x37's that I tested, I took the bottoms (bonded glass coated aluminum three grooves) off three times before they got a glue good enough to handle the forward flex I created over 60mph. I was a swiss ski instructor and heli guy.
In her sixth form year my daughter took 4th in the Canadian womens combined. She commuted from buck's country pa and represented Grey Rocks. Her average weekly take on equipment was 1200 bucks (1980,s money) (she had two corp technicians who only expected her to get to 20th her first adult year.). She turned down US olympic training because she was on the US national scholastic soccer team. I coached soccer in US and switzerland. my son and daughter went to Hartwick where the US soccer hall of fame is located.
Get the idea that your edgyness with me isn't selling. I enjoyed the skiing chit chat. It is a neat thing to do. everyone needs to excell at things they like to do. It you invest like you ski then you have some stuff tothink about. No one so far in your life has upped the ante forthe games you play. Fortunately for me, there were always people around who upped the ante.
Get with the program and get to work..
Geez Jack, did I do something to offend you? I've read your stochastics thread and it is interesting but it seems to me you have taken the fairly simple concepts of trends, breakouts, consilation, ranges etc... and turned it into something way more complicated than it should be. BTW you shouldn't jump to conclusions about me. You know nothing about my personal status, age, time trading, and returns I have recieved since I started trading(which aren't too shaby). And for all I know you could be some 18 year old kid that took too much acid in junior high and gets his kicks toying with people that are actually trying to trade. So chill out.
I quit my bus job today. 1 down, one to go. FWI the bus job wasn't a living expenses job, it was a job to replace trading losses. That isn't an issue any more thanks to pullbacks! And I guess I should thank Mr. Hershey as well, because even though he gets to me some times, he has also helped my trading immensly. Thanks Jack!