My 4th trade was the most exciting experience in my trading adventure. Although I have made more money with other stock before, this one got me amped due to the speed of the deal. $ELRA$ had some great news about an acquisition of an online lotter site to add to their online gambling arsenal. The price of the stock was relatively small, in comparison to what they were capable of doing. At the minor price of $0.0009/share, I entered this deal at the right moment. With only $150 in my account available to trade, I purchased 184K shares at a discount of $0.0008/share, ($147) investment.
As they say, hind sight is 20/20, really makes me wish I had acted faster with transfering more into the account, but that is the face value of opportunity cost. This trade has begun to explode, and as Timothy Sykes would say, went Super Nova. It had spiked roughly 300% on the day and it was a good thing that I was not home throughout the majority of the trading period. If I would not have been out goofing off with my 2 year old, I would most definately have sold waaaaaaaay to soon.
When I got home to check on the status of this trade, I had only expected it to have moved about 20%, and that was being optimistic. I had checked my email and saw that the notification I set up through my broker has fired off a message telling me that the last price for the stock was priced at 35% higher than the base price of my purchase ($0.0008). So, to my surprise, when I saw my unrealized account was at $500+ and my unrealized profits were about $300, I shouted like a school girl being crowned prom queen!
It was a great trade, it got me really excited for the soon to come opportunities and possibilities. There are other factors to understand, which will be explained in a different post. I was able to sell into the strength of the day and sell at $0.0029, netting me 262.5% profit for $ELRA$, which came to $386. Note that these are not the biggest gains, when compared to the six figure plus earners, but for the common folk who do not have a lot of financial cushion, these little gains add up in the long run.
As the old saying goes, "Rome was not built in a day," so too are the accounts of those that have typical financial responsibilities and other distractions in their daily lives. The only thing that can help is the will to study/learn the ways, have the determination to pull through the tough and good times, focus to stay on the path towards your goals and the perspective and vision to keep the goal clear and belief in acquiring it.
Just remember "no one is ready to receive anything they do not believe thay can acquire." - Napoleon Hill, Think and Grow Rich
Monday, November 24, 2014
Sunday, November 23, 2014
The 3rd Trade, my 1st loss! :(
My third trade was $KGET$ a company that manufactured and sold oxy-hydrogen systems. This was, what should have been, the beginning of a bull run. It was shipping out tons of inventory, so the notion was that they are doing something. The price had came down from $0.002 to $0.001 over the past few weeks, so the concept was, "dip buy" and wait till it goes up due to the news. Well, the news never effected the stock price the way I thought it should/would, so after getting home and seeing the slight decline in price, I cut my loses at -18% and kept it moving.
It was not a bad loss, although I have been taught by the best, Timothy Sykes about not losing more than 5% of your investment and playing it conservative is better. Then again, trading, working and finishing my degree all at the same time becomes a major pain in the butt. I am more than certain that I will have many more losses in the future, there are also bigger loses that I will post soon, but in the end, they are all learning tools to make me better.
It was not a bad loss, although I have been taught by the best, Timothy Sykes about not losing more than 5% of your investment and playing it conservative is better. Then again, trading, working and finishing my degree all at the same time becomes a major pain in the butt. I am more than certain that I will have many more losses in the future, there are also bigger loses that I will post soon, but in the end, they are all learning tools to make me better.
Saturday, November 22, 2014
The 2nd Trade
My second trade was a bitcoin company. One of the many lessons of trading that is vital to financial health is, "remove all emotions from your trades." This means, do not be emotionally involved with the company and do not get so hopeful that the stock will recover if it is down. Maybe it will and maybe it won't, but when your money is on the line, it is better to be safe than sorry.
The bitcoin company's ticker is $BTCS$. This is a bitcoin store, which to me is whatever, but as stated before, no emotions, only technical analysis and chart patterns are relevant and important.
I entered this and just above $0.07/share and sold at $0.10/share, netting me a nice 37%. These gains may seem small, but they add up and over time, and in the long run are better than nothing.
The bitcoin company's ticker is $BTCS$. This is a bitcoin store, which to me is whatever, but as stated before, no emotions, only technical analysis and chart patterns are relevant and important.
I entered this and just above $0.07/share and sold at $0.10/share, netting me a nice 37%. These gains may seem small, but they add up and over time, and in the long run are better than nothing.
Thursday, November 20, 2014
My First Trade!
Opening an account with OptionsXpress, seemed, at the time, to be the better deal. The commissions were decently low ($8.95 per trade, unlimited shares) and did not have a requirement for big money to open the account, like most other brokers do. The platform is very user friendly and they provide a lot of training videos to go along with the many tools. I started this account with a sad $100 deposit. It was all I could afford with my financial responsibilities.
I had watched several of Timothy Sykes' training videos and learned how to search the news and sort through the nonsense to find the note worth stock picks and research them for more details as to stock volatility and playability. I also searched around forums and chat rooms to see what other people were talking about to gauge the hype on current trends.
My first trade was on $DRIO$. I went in with high hope of investing $100 and coming out with $1,000,000! Nah, just messing, but I was hoping to make more than the combined commissions at least. A few buck profit on the first few is always nice! I entered the stock 926 shares @ $0.1065/share and sold six days later @ $0.18/share netting a nice 69% profit. First try and up $68...it might be small, but it still feels good!
For those without extra money to invest, click the link below and try this out to slowly make some capital instead of risking your regular money up front.
I had watched several of Timothy Sykes' training videos and learned how to search the news and sort through the nonsense to find the note worth stock picks and research them for more details as to stock volatility and playability. I also searched around forums and chat rooms to see what other people were talking about to gauge the hype on current trends.
My first trade was on $DRIO$. I went in with high hope of investing $100 and coming out with $1,000,000! Nah, just messing, but I was hoping to make more than the combined commissions at least. A few buck profit on the first few is always nice! I entered the stock 926 shares @ $0.1065/share and sold six days later @ $0.18/share netting a nice 69% profit. First try and up $68...it might be small, but it still feels good!
For those without extra money to invest, click the link below and try this out to slowly make some capital instead of risking your regular money up front.
About me
All of my previous trade can be viewed on by >>clicking here<<
If you wish to learn from some of the top Gurus, then check out these offers.
Other training information can be found [HERE]
More info will be posted regularly....but if I get busy with other stuff...my bad!
Kind Regards,
Tony
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My beginnings are a humble as any other average Joe. I spent 10 years in the military, got injured and separated. I got a job that pays ok, but I know that there is more to my life than just making enough to survive. I transitioned from fixing Jet Engine to fixing award recommendation for the Army. I spent two years on a jam packed, expedited, extreme Bachelor Degree program for IT with a minor in Business Administration.
I am a dedicated person, also considered to be a "mad man" of sort, when it comes to learning. I have a knack for understanding concepts and patterns, so it is logical to me to try and apply my "super power" towards the stock market. After I am extremely better, I plan on opening a Hedge Fund for Veterans and Disabled people. I also wish to teach marketable skills to the homeless or those that have lost their jobs, to get them back on their feet.
These project require money to start, so that is why I will be hitting my stock training harder than I did my school. If I can get 4 years of school done in two, while working full time, along with having a wife and child, I can do just about anything...and so can anyone else with the drive to make it happen!
If you wish to learn from some of the top Gurus, then check out these offers.
Other training information can be found [HERE]
More info will be posted regularly....but if I get busy with other stuff...my bad!
Kind Regards,
Tony
--------------------------------------------------------------------------------------------------------------------------
My beginnings are a humble as any other average Joe. I spent 10 years in the military, got injured and separated. I got a job that pays ok, but I know that there is more to my life than just making enough to survive. I transitioned from fixing Jet Engine to fixing award recommendation for the Army. I spent two years on a jam packed, expedited, extreme Bachelor Degree program for IT with a minor in Business Administration.
I am a dedicated person, also considered to be a "mad man" of sort, when it comes to learning. I have a knack for understanding concepts and patterns, so it is logical to me to try and apply my "super power" towards the stock market. After I am extremely better, I plan on opening a Hedge Fund for Veterans and Disabled people. I also wish to teach marketable skills to the homeless or those that have lost their jobs, to get them back on their feet.
These project require money to start, so that is why I will be hitting my stock training harder than I did my school. If I can get 4 years of school done in two, while working full time, along with having a wife and child, I can do just about anything...and so can anyone else with the drive to make it happen!
Wednesday, November 19, 2014
In the Beginning!
Prior to my current desire to educate myself about the world of stock and the market itself, I did have success with investing. I remember buying and selling $WRES$ shares back in 2012 and making a nice chunk of change. That was mostly pure luck and having patients to hold a position for several weeks at a time. Today, my mindset is a little different and I am slightly armed with more understanding of investing and "Pennystocking" is all about.
I will begin to document my trades and showcase my gains and losses to show that it is possible if you have the true desire and determination to learn the essentials and stick to the basics. Eventually everyone gains their own style on how they will do things, but the fundamentals need always be static. Maintain a conservative amount of the volume, cut losses quick, sell into the strength/momentum of the stock (or risk getting stuck like I was for a few days on lagging volume).
What you will begin to see, if you wish to follow my "financial journal," are the trades that I have made and minor bit of intellectual nuggets I have picked up from experience, learning from pros and a mix of everything else. I keep everything logged on my Profit.ly account. You should sign up for a free account to start tracking your trades, then later upgrade to get the enhancements for future purposes. So, without further delay, let us jump right into the rabbit hole and flip our world upside down!
My story start off with a petty $100 transfer of funds from my bank account into my stock account. Now, this is a relatively small amount, so gains in the 10%-20% are pretty much not profitable due to commissions from the brokerage firm, so I was looking for big hitters!
I will begin to document my trades and showcase my gains and losses to show that it is possible if you have the true desire and determination to learn the essentials and stick to the basics. Eventually everyone gains their own style on how they will do things, but the fundamentals need always be static. Maintain a conservative amount of the volume, cut losses quick, sell into the strength/momentum of the stock (or risk getting stuck like I was for a few days on lagging volume).
What you will begin to see, if you wish to follow my "financial journal," are the trades that I have made and minor bit of intellectual nuggets I have picked up from experience, learning from pros and a mix of everything else. I keep everything logged on my Profit.ly account. You should sign up for a free account to start tracking your trades, then later upgrade to get the enhancements for future purposes. So, without further delay, let us jump right into the rabbit hole and flip our world upside down!
My story start off with a petty $100 transfer of funds from my bank account into my stock account. Now, this is a relatively small amount, so gains in the 10%-20% are pretty much not profitable due to commissions from the brokerage firm, so I was looking for big hitters!
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