[mogarbage]

wish me luck!!

well here we go
this is my personal goal for the next 2.5 years.

i'll trend trade for the most part with short holds 95% of the time.
up to the 10k mark, i'll be screening as follows
$>3
market cap 1-10 mil

after that i'll look for lines going sideways or sliding down.

that's pretty much my gameplan until i need to revise it

my disappointment that i was watching...
SMCGU closed thursday at .90
opened today at 2.3 and bounced off 8.3 and crashed down to somewhat normal levels to close 1.77.
missed this one due to brokerage change thats going on right now...sigh

my other 3 that i sold off from my etrade account..

c at 2.90 sold at 2.95 just to close position for account xfer
aig at 1.40 sold at 1.13 to close position for account xfer
vrnm at .28 sold at .31 again to close for xfer

all this happened last thursday while i was doubling over from flu, diarrehea, and fever. lost my voice for 3 days in the process too

plan was long for c and aig. was getting so frustrated with etrade that i started selling off and wouldnt you know it, it was right before a crazy rally

oh well, work harder come may and position myself for faster executions during trading hours and i should be ok. only tricky part is i'll have to set buy/sell limits cause of work commitments

[Arustik1]

Good luck bro you workin on this full time?

[mogarbage]

thanks d. nah not full time.
i have to work an actual job just in case it all goes belly up, and it very well could.
kicking myself now cause i could be at my august mark already if i didnt switch etrade to sogotrade. and now sogotrade is giving me problems with downed fax lines and not receiving my documents and such...what a headache

[twinturboa51]

use scottrade but if your buying otb or pinks then i wouldnt reccomend it. but for everything else its great. if you want to set up an account pm your first and last name and email address and me and you both get 3free trades

[TL]

I have etrade & fidelity and etrade seems to be better/lower cost per trade.

good luck on your plan!

[kgb1637]

What the hell kind of investments are you doing that generate this kind of return?

[PaulBailey@ltbmw]

Sign me up!

[kgb1637]

Yeah absolutely, i like the 30% gain right off the bat in a month. I'm a finance and mathematics graduate from college, this chart would be a truly amazing feat.

[lizak187]

This will put you in bernie land with that high of a return % ...however it is possible

I snagged MGM at 1.89 cents 3 weeks ago they had a lawsuit pending so there stock tanked...Vegas will never go under and they own 40% of the hotels in vegas ...i posted it over on m3 post becasue alot of e92 drivers are brokers

Low and behold i think it was at $7.24 cents earlier today..and i think even if you bought now at 6-7 it will still fly into the 13-18 dollar range.

*i am not a licenced broker and what i say and or do is all by personal stupidity* ...this one just happened to work out very very very well.

[kgb1637]

I'm interested in what the OP is using, and I would really like to see the risk he is undertaking to accomplish this.

[EuRoTUneR]

if full time professionals cant even do this idk how u are....but im deff rootn for ya haha
good luck!

[Tonybest]

Makes Warren Buffet look like a kindergarden dropout.

If you can make +15% a year ... hats off to you. But you are aiming over 1700% return per year... Give me a break!

Your nick is right... More Garbage...

BAN!

[iceberq]

lol good luck Roger!!

like my professor says, the risk-reward airplane's wings aren't level. It won't fly :P

[ska]

GL

[jpsum]

you forgot to include the Uncle Sam column.

[kgb1637]

Originally Posted by jpsum

you forgot to include the Uncle Sam column.

+1, although if its in an account it won't be taxed til the OP withdraws, but yeah, say bye bye to most of that money.

[jpsum]

wait a minute... I've seen this spreadsheet before. I think it was in an article about some guy named Madoff.

[lizak187]

Capital Gains 40% plus per trade costs ....with this much agressiveness you could potentially rack up 100's of per trade fee's per day.

[mogarbage]

Originally Posted by jpsum

wait a minute... I've seen this spreadsheet before. I think it was in an article about some guy named Madoff.

haha when i was putting this together, i was laughing a little to myself and saying the exact same thing... except bernie padded his with a few more zero's than myself

as for my trade service, i switched from etrade to sogotrade.
$3 commissions both ways, first 100 trades free within 30 days
beats $10 in and out

the uncle sam column is something i dont want to think about.
that will be sheet 2 and named the "mc hammer clause"

most of my buys/sells are going to be off 2 things. luck and stupidity
luck i dont have much of, but stupidity i have in heaps. seriously. just look at my chart hah

lastly this is just for fun and no one should really be taking my advice on anything. it's good to set goals for yourself, and if you learn something along the way, even better. this whole plan is for personal betterment, not monetary reward. but hey, if i get rich in the process, yippeeeee

for the record im a high school dropout. i have an affinity for simple projects, like making waffles and covering it in whip cream and strawberries. my intelligence is measured in cookies and ice cream. that is what draws me to the market, all i need to know is 1 to 4 letters, tops.

with that said, thanks for the well wishes, and see you local guys around the tracks im sure. season is starting up real soon!

ken you graduating this year? staying around here during the summer?

[ejheverest]

I trade thinkorswim mostly. Been trading SP 500 index for the last 1 1/2 yrs.(put,call options) Good luck with your trading, I have revised my trading plan and trading rules over the last year and spent >6 months papertrading but, still have a side job in case my returns go down. Read some trading plan books, and be extremely consistent in how you execute and sell, so you can see if your plan is working or not. PM me if you need book recommendations, my friend has been a professional day trader for the last 20 years and it took >10 years before he was consistently profiting over 1,000,000 a year.(he has been a huge help for me)

[ejheverest]

I personally trade the indexes since they are taxed much lower than regular stocks or options. Follow the trend, decide on your timeframe of trades and always have stops calculated before you enter a trade. After 20 buy/sells you will know what works or doesn't.

[LuisBoston]

I bought F at 1.82 about 5 weeks ago. Now at 3.76.

Of course it was at about 4.25 last week.