Making $5K with $20K each month

AMZN wants next leg up, it maybe ready. Price first target is $65, next $68, solid support at $60s. Might see first resistence at $63.8 - the 52 weeks high, after that, blue sky. Well, I'll just trade the stocks I'm very familar with like AMZN or the ones I've done the homework, don't touch these POS stocks like the one I played today (I even cannot recall the ticker anymore).

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jesus PT, what kinda charting software is that? how do you trade with it? Honestly, I feel like I'm looking at crayon scratches and I could never figure out how to use such charting.
 
PT,

I just read your post from about a week ago. I was impressed by you giving God His due. Faith is a driver to many of us who are trying to make more from what He's given us.

I'am also trading for a living. I don't have another job and I have a family to support. I have about the same amount of equity. My two biggest challenges is with this amount of capital trying to trade more than one equity at a time. and #2 trying to screen for stocks that are active enough, volume and daily range to trade without getting taken to the bank.



Quote from PennyTrader:

Bighead,

Most of you guys have a regular job and trade stocks for fun - trade or not trade, win or loss won't affect your daily life much. I am trading for a living, this is a serious business. I don't have a second job. I am trying to survive each day with that small capital, I use my proceeds to pay bills, mortgage, and all family expenses each month. Double or triple or whatever is not my goal, that's for some others to brag and get paid from memberships.

I did quite well for the first two and half weeks, this past week is a wash due to various reasons and bad luck as I posted.

I've a little less than you do after wired out three times for the month ($8K+$5K+2K), next month won't be easy, I've to take out at least $7K from the account, Besides, I'll be in China for three weeks, need a lot of $$ to pay for this un-expected trip, I don't know if I can trade stocks when I'm in China, a tough road is ahead of me.

I don't want to think any more on that, I don't want to add more pressure. I wish I can borrow a $20K loan to solve this family crisis. Without a regular job, borrowing money is not easy.

I know God is there watching me, he's been with me very minute, he loves me regardless I am rich or poor, big capital or small capital, I am trying to be on his side and pray for that. I know he penalized me when I had bad judgements without following his steps and advices.

Eventually, I will be more disciplined and be more responsible. No more gambling and no more bad habits, these are evils and sin acts costed me dearly in the past, and they're continuing to attract me to repeat the same mistakes. I'll resist the temptation to follow evil plays even they looks like attractive and offer high rewards. I have to follow the God, follow the charts, and follow the trend. I've to refuse the attractive offers from evils. The God will take care of me with my hard work, my sincerity, my patience, and my intepretation of what he wants me to do in the stock market.

In the end, I am here for a reason, I wrote down what I did right and what I did wrong, and continue to do what I have been doing right.
More...
 
After made a daytrade on CSUN (today's IPO), I have 0 buying power left. Called the broker, said 1st day IPO is trading as CASH, not marginable, so all buying power is used as cash trade.

ESRG $1.98 x 1.99, my $2 target is met, I am locking in profits. What a scary shake on ESRG this morning, glad I didn't shake out on no volume. If it goes over $2, I might get back in, but I've no more buying power, so will just watch.

I holded some EGMI overnight, this dog gapped down open, I sold it right at the open for a small loss.

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It did a special $15 dividend.

from:

http://biz.yahoo.com/prnews/070328/daw050.html?.v=61

Dean Foods Provides Update on Special Cash Dividend of $15.00 Per Share
Wednesday March 28, 7:59 pm ET


DALLAS, March 28 /PRNewswire-FirstCall/ -- Dean Foods Company (NYSE: DF - News) is providing an update on the previously announced special cash dividend of $15.00 per share. The special dividend, which remains subject to the completion of financing, is expected to be paid on April 2, 2007 to shareholders of record as of March 27, 2007.

You're doing T*R*E*M*E*N*D*O*U*S*!*!*!

By far best and most honest poster I've ever seen here. My hat's off to you!
 
StockyIrishman,

Looks like we're in the same boat. Keep your spirit up, don't give up, look at the positives we have, families/friends expect us to succeed. We've obligations to fulfill. Believe your ability, and most importantly, believe God, he's on our side if we just make the rational trades, he always does miracle things to help us, it happened to me so many times in my life.

Things will get better as we traders learn more about ourselves and the market.

Good luck to you, may God bless us!



Quote from StockyIrishman:

PT,

I just read your post from about a week ago. I was impressed by you giving God His due. Faith is a driver to many of us who are trying to make more from what He's given us.

I'am also trading for a living. I don't have another job and I have a family to support. I have about the same amount of equity. My two biggest challenges is with this amount of capital trying to trade more than one equity at a time. and #2 trying to screen for stocks that are active enough, volume and daily range to trade without getting taken to the bank.
More...
 
Sold ESRG and 1/2 SNEN @ 2.75 on my friend's account. His account is back over $21K. SNEN is in consolidation/distribution mode at 2.70s. I still hold 3K shares for much higher prices as an investment, maybe at $4-5 target, if SNEN dips in the next two days, I will have the $ to buy back after the cash is cleared on his account.

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Firefox, thanks for the info.



Quote from FireFox:

It did a special $15 dividend.

from:

http://biz.yahoo.com/prnews/070328/daw050.html?.v=61

Dean Foods Provides Update on Special Cash Dividend of $15.00 Per Share
Wednesday March 28, 7:59 pm ET


DALLAS, March 28 /PRNewswire-FirstCall/ -- Dean Foods Company (NYSE: DF - News) is providing an update on the previously announced special cash dividend of $15.00 per share. The special dividend, which remains subject to the completion of financing, is expected to be paid on April 2, 2007 to shareholders of record as of March 27, 2007.

You're doing T*R*E*M*E*N*D*O*U*S*!*!*!

By far best and most honest poster I've ever seen here. My hat's off to you!
More...
 
SRDP $1.01 x 1.25. This one appears to be a new microcap IPO just started minutes ago, popped up to my scanner, it had over 2.3 million shares crossed at $1.01 (means someone bought 2.3 millions at $1.01 through inside transactions or between brokers). I would put a bid of 1K shares at $1.01.

In my past experience, stocks like this usually trades higher than $1.01 int he days to come. SNEN did exactly that when it started the IPO, I watched and bought at $1.80.

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CSUN, could run a little higher than $13 in the next couple days, IMHO:

Update: 12:24 PM ET May 17, 2007

NEW YORK (MarketWatch) -- China Sunergy rose nearly 20% after pricing above
priced above its range in its stock market debut Thursday as the latest
energy-related deal in the market for initial public offerings.

The IPOs are tapping into hunger for alternative energy deals as well as
continued growth pressure in the traditional oil, gas and electricity sectors.

China Sunergy Co. Ltd. (CSUN) offered 8.5 million shares at $11 a share, raising
$94 million. The newly minted stock opened at $12 and rose to $13.06 for a gain
of 19% over its IPO price.

In a sign of strong interest in the deal, China Sunergy priced above its $8-$10
range.

The Nanjing, China-based maker of solar cell products reported net income of
$11.8 million on $150 million in revenue in 2006, compared to a net loss of
$307,000 and revenue of $14 million in 2005.

The IPOs from China Sunergy and others come amid worldwide demand in the solar
power business, which is becoming increasingly dependent on China's manufacturing
prowess.

China-based solar incumbents in the U.S. stock market include JA Solar (JASO),
Solarfun Power Holdings (SOLF) and Suntech Power (STP).
 
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