In 2001, I was fresh out of law school, living in New York, and looking for a job. I was working as a paralegal at some crappy insurance company for some measley pay while awaiting my bar exam results. A local in the oil pit on the NYMEX offered me a job clerking for him for $24,000 per year. Even though I was only making about $8,000 more than that, I decided I wouldn't be able take the decrease. Things were already tight and there was the prospect of a high paying attorney job after passing the bar. We all know what oil did in the ensuing years. A google search of that guy's name turns up some impressive hits now. I will always regret not taking that job.
7 base hits and ive doubled my money, wham bam thank you mam thats how easy it is, now just do it a few times in a row and im a millionare. who said trading was hard? can i subscribe to this service too please?
Liquidating a generous position of SEB@$230.00 in 1994 ( wedding gift), it's bouncing around @$1,200.00 now ignoring my attorneys advice to buy into AOL back when I had AOL's service for my business and paid by the minute on my Mac performa. They had a little banner ad that would slowly load and ask users to invest in the future. I ignored that ad like a true dumbie. Selling steady eddies to jump on the stupid momo wagon to the poor house. Sometimes I think the buy and hold guys are right. :eek:
That's 'cuz they *are* mostly right ;-)... It's those times that they're wrong that make all the difference...
selling naked puts with too much margin that was the dumbest thing so far. It was on OVTI when the trend was down and smart money was 30% short. Currently working on making money on dividend arbitrage and buying stock in small unknown companies. The risk being that many micro companies are scams.