Taking 320K to 3.5million by Year End 2009

TMcKenna · May 2, 2009

My account would blow up if MSFT went bankrupt... but you have to admit this was very unlikely scenario... right?

Nexen · May 2, 2009

Quote from TMcKenna:

Not true... Averaging down is the most powerful approach if you pick the right stock. Think about it.... just a month ago MSFT was trading at $17 now its over $20...
When you decide to average down you have to pick strong company which has been beaten down to the ground.. and then you enter your first long trade, and then average down forever (according to your account size)

MSFT is just one example, I didn't want to suggest you should buy this specific stock .... but .. there were and still there are plenty of similar stocks...where you can make killing if your account size is appropriate.
Neke trades with 300k account, my account is just above 150K, but I made killing last 3 months... I kept buying the best companies and averaged down forever.... too bad they turned up too soon because I was ready for much more... my stop loss was at DOW 3000 and s@p 400, but we never got there....

There is nothing to think about.

What happens when you pick the wrong stock ?

Give me a break, pure amateur talk.

Nexen

TMcKenna · May 2, 2009

Quote from Nexen:

There is nothing to think about.

What happens when you pick the wrong stock ?

Give me a break, pure amateur talk.

Nexen

If you pick the wrong stock you are an amateur....

Here is something for you... some "wrong"
stocks:
INTC, MSFT, KFT, ORCL, GLW, EMC, TSM, GOOG, YHOO, JPM, MS, GS.....

Let me know when they go bankrupt and I will admit you were right and I was wrong..
OK?

trackstar · May 2, 2009

Quote from TMcKenna:

Not true... Averaging down is the most powerful approach if you pick the right stock. Think about it.... just a month ago MSFT was trading at $17 now its over $20...
When you decide to average down you have to pick strong company which has been beaten down to the ground.. and then you enter your first long trade, and then average down forever (according to your account size)

MSFT is just one example, I didn't want to suggest you should buy this specific stock .... but .. there were and still there are plenty of similar stocks...where you can make killing if your account size is appropriate.
Neke trades with 300k account, my account is just above 150K, but I made killing last 3 months... I kept buying the best companies and averaged down forever.... too bad they turned up too soon because I was ready for much more... my stop loss was at DOW 3000 and s@p 400, but we never got there....

I hope this is a joke.

Nexen · May 2, 2009

Quote from TMcKenna:

If you pick the wrong stock you are an amateur....

Here is something for you... some "wrong"
stocks:
INTC, MSFT, KFT, ORCL, GLW, EMC, TSM, GOOG, YHOO, JPM, MS, GS.....

Let me know when they go bankrupt and I will admit you were right and I was wrong..
OK?

Enron
Bear Stearns
C
Lehman
GM

I could go on, but what's the point, your risk management sucks.

Nexen

TMcKenna · May 2, 2009

Quote from Nexen:

Enron
Bear Stearns
C
Lehman
GM

I could go on, but what's the point, your risk management sucks.

Nexen

Well, If you picked those to average down... what can I say? Do something else ... stock market is not for you

Nexen · May 2, 2009

Quote from TMcKenna:

Well, If you picked those to average down... what can I say? Do something else ... stock market is not for you

Hindsight speak.

Nexen

TMcKenna · May 2, 2009

Quote from Nexen:

Hindsight speak.

Nexen

No hindsight not at all.. the companies I listed you should start buying this Monday and make sure you average down, check this post later.. let's say 3 months from now... ok?

Nexen · May 2, 2009

Quote from TMcKenna:

No hindsight not at all.. the companies I listed you should start buying this Monday and make sure you average down, check this post later.. let's say 3 months from now... ok?

No thank you, I don't predict the market.

Nexen

Red_Ink_inc · May 2, 2009

Quote from TMcKenna:

Not true... Averaging down is the most powerful approach if you pick the right stock. Think about it.... just a month ago MSFT was trading at $17 now its over $20...
When you decide to average down you have to pick strong company which has been beaten down to the ground.. and then you enter your first long trade, and then average down forever (according to your account size)

MSFT is just one example, I didn't want to suggest you should buy this specific stock .... but .. there were and still there are plenty of similar stocks...where you can make killing if your account size is appropriate.
Neke trades with 300k account, my account is just above 150K, but I made killing last 3 months... I kept buying the best companies and averaged down forever.... too bad they turned up too soon because I was ready for much more... my stop loss was at DOW 3000 and s@p 400, but we never got there....

I went to Jr High School with a Terry McKenna in Victoria, BC. I noticed from your profile your location is listed as Canada. The Terry I knew was as dumb as a bag of hammers. Kind of sounds like it could be you from the idiocy you wrote. Just wondering if it is you? If it is, congrats on not ending up in jail like I would have figured.