I have a friend that bought 100,000 scty in the private market for 1$ a share before scty went public, he hasn't sold a single share yet which makes his position worth about 7mil depending what day you look. At the time $100,000 represented about 50% of his liquid net worth.
Hello everyone, I thank you for all the sincere insights from all of you to my questions. In my case I am just a beginner with $40,000 in my account, I guess I can have BP of $120,000 in TDwaterhouse. I am not expecting much because I am new, if I can make $2000 per month I am happy. Is my expectation realistic? I live with my family so I don't have much spending to worry about.... TIA
Was this done with real funds real time or mere paper trading. Real funds would be an impressive feat !!
I plan to trade small stocks at $10 on good news, buy 3000 shares ...looking for 3-5 cents profit per share & repeat the trade if possible... If a stock take out 2 days high on good volumes, I am in.... $2000 per month= only $100 profit a trading day. __________________________________________________________________________ I am new though so I have no ideas if it is possible but my target is small, I hope it would work. I don't plan to trade on margin.... ______________________________________________________________________________ Please give your insight, thank you.
I hope you know that there exist situations where stocks do tank on good news. How much will you then lose ? At least you have a monthly target : make sure any good day you reach it, you take the rest of the month off.
It has been done before eg Richard Dennis but today the age of HFT its going to take much, much longer unless we have another credit crisis type of an event ( meltdown)...
http://techcrunch.com/2014/02/21/whatsapp/ Investing $50K in Whatsapp in the seed round would have made you a deca or centimillionaire.