Down $1,500? From the starting point of $5,000, that puts you in the hole to the tune of down 30%. That means that you have to take the remaining $3,500 and trade your way to around a 43% increase to get back to even. Time moves faster as you get older, and the clock ticks faster when you get closer and closer to zero...and all you can afford to trade are options with the hope of getting back to even.... Tick, tick, tick........
+68% now. Anyone know where I can snag 3200 bp from before the end of the year. That's like 50% in gains in the last 20 odd days. I don't want my tripple digit return streak to end. Any risk free ways to do it?
I do end of the year tax buys and make a small bundle every year. A basket of stocks at their lows. Buy on Dec 31st, sell by Jan 5th.......10-25% Putting your nest egg into a good "dead cat bounce"....I doubled the money invested in Enron.....bought at .37 sold at .76...... Did something similar with OWC a few years ago too .75 to 1.25. BIOT I bought at .10 and sold at .50....but they are out of business. And RTEK was another one that did that too.....but again out of business. I normally trade QQQ or SPY....but sometimes it is fun to find these little gems. Or rocketships like KKD or INVN.....I could kick myself for not betting the ranch on those two!
p2, bob's suggestion sounds like a page from wade crook's play book. your returns thus far would place you in the top 1% of money managers world wide. keep up the great work ! best, surf
HELL NO I only put small amounts into those plays. I was sold on the 20 different stocks idea at the time. And that tax buy thing, well I lost it during the next 12 months taking advice from a guru. The hard part is holding on to those gains
Well, actually it's not really *your* trade because they called the entry so you don't know why you're in trade so how can you know when to get out? So it's really not your trade but theirs. you have to guess why you are in and guess when to get out. 1 points stops is what they run with so it's interesting that you don't feel comfortable with their advice in this respect. do they do well running with this 1 point stop?? because of the way they record their calls, who knows? You say the way they record their performance is "unrealistic" but they won't change it so they must be the ones obsessing over it. for instance why don't they just post their actual p&l or points gained? that would give a much better idea of their calls. btw, when you look to the right how many members have you seen listed lately on an average day ...40? 50? why all of a sudden do they need more new members??
I have done that tax thing every year so far. Actually, they seem to usually bottom midway through the 2nd week of dec. People always front run it now. Too many people know about it. I'm making my list and checking it twice... LOL. Problem is that this year, just like last, most of the crap stocks out there have doubled in the last month already. Unless they come in, I'm not going to do it. I was joking somewhat on that 32% thing. It's hard to find that much performance in a month. It's just that I don't want to loose my tripple digit annual returns record. Marketsurfer, thanx for the kind words. Looks like we're both in that 1% club.. eh?
I am having a hard time compiling my list too. I might just get a small cap ETF and simplify the tax buying. I am sure there are a few of them at the bottom at Morningstar.com Well, the best way to keep your yearly record is not to trade for the rest of the year