Reason I become interested in the stock market was because I heard Warrent Buffet became rich from it. So I decided to play a fake stock market game and the highest return I got was 800% in about 2 month. Now I am investing all my life saving, about 3k, from financial aid and selling candy to my brother. I am trying to turn my 3k into 6k, than 12k, than 24k, than 48k, than 100k.

Since the market is so Volitility right now, I investing in Direxion 3x ETFs to try and double my money faster. If anyone is interest, I will tell you what I will invest in, and when will I invest it.

Please note: this is just an analysis blog and in no way guarantees or implies any profit or gain. Trade/invest at your own risk.

 

Originally Posted by Edub

My thoughts are you will succeed.

gogogogogogogogo. Don't wait any longer. Sell your brother more candy. The market is so volitility right now!

THIS!

Please keep us updated!

glgl

i am licensed to manage money and sell securities.

i made FAR more money playing cards in 2008 than I did trading.

 

Originally Posted by niptuck

I'm not trying to discourage you but - you will fail and prolly lose all your moneys. If things were as easy as following a system like that, everyone would do it

You sound just like my parent when I show them my account turning from 3k to 4k. They were like, yea, and tomorrow it will all be gone. And I am like, how is that possible? You can't lose it all unless you put all you money in one company. And my mom is like, yea, tomorrow the market is going to drop. And I am like, than I will just short the market and make money.

Right now I am at 3.6k, I am prepare for the market when it make a new low, if my prediction is correct, I should be able to double or triple up if I can pin point my accuracy.

Also, my mom was mad when I opened an trading account. And my dad doesn't even have a retirement account or trade the stock market.

mbn

 

Originally Posted by Edub

My thoughts are you will succeed.

gogogogogogogogo. Don't wait any longer. Sell your brother more candy. The market is so volitility right now!

Me too. Check how many prize I won from wallstreetsurvivor
http://www.wallstreetsurvivor.com/Pu...t/Winners.aspx
Week Oct. 6-10, Nov. 10-14, and Oct monthly investor.

Those who believe in me along time ago, is reason why I am so motivated and dedicated to making a 6 figure income. I found the Stock Market having a better chance to making a 6 figure income compare to poker.

My advice would be to do your best. The stock market has made many people an insane amount of money, but it has also busted people just as easily.

Have confidence in your trades, and make sure you are making sound moves which you can easily justify if talking to a random person.

Definitely don't listen to people's advice who aren't even in the market. That'd be like me giving you auto mechanic advice despite not knowing anything about working on cars.

Good luck, and give us some updates on how you're doing.

 

Originally Posted by kimmichaelp

Alright, I put half of my money into FAZ at $42.61. I am waiting for the S&P to break 850 before I put the rest of my money into FAZ. My target price for FAZ is $100.

GL sir in your quest. Unless I misclicked, FAZ is a 3x ETF bear on financials? I'm not saying you're wrong but wow. Thats huge to put all your money into one basket. Hope it works out for you.

 

Originally Posted by kimmichaelp

Alright, I put half of my money into FAZ at $42.61. I am waiting for the S&P to break 850 before I put the rest of my money into FAZ. My target price for FAZ is $100.

Not to be a killjoy, but contradict much?

 

Originally Posted by kimmichaelp

 

Originally Posted by niptuck

I'm not trying to discourage you but - you will fail and prolly lose all your moneys. If things were as easy as following a system like that, everyone would do it

You sound just like my parent when I show them my account turning from 3k to 4k. They were like, yea, and tomorrow it will all be gone. And I am like, how is that possible? You can't lose it all unless you put all you money in one company. And my mom is like, yea, tomorrow the market is going to drop. And I am like, than I will just short the market and make money.

Right now I am at 3.6k, I am prepare for the market when it make a new low, if my prediction is correct, I should be able to double or triple up if I can pin point my accuracy.

FAZ is an ultrashort ETF (a basket of companies), not an individual stock.

OK. So, FAZ isn't just one company, but putting everything you got into "one basket" (as the OP put it) is still, well, risky.

G/L.

 

Originally Posted by kimmichaelp

Alright, I put half of my money into FAZ at $42.61. I am waiting for the S&P to break 850 before I put the rest of my money into FAZ. My target price for FAZ is $100.

Brought FZA with my other half at $34.66. Need to break $38.64 to break even.
current target price is $75

markeckert2000, I will be doing what you describe, but I am also trying to make some money in my free time.


looks like the S&P 500 should rally to about 950-1050 and make a new low in mid-Feb instead of mid-Jan.


For the short term I am selling my FAZ position when the S&P gets around 880 this week or when FAZ reach $40-50.

If I had more money to invest and wanted a quick 33% return with little risk, I would buy FAZ below $31 and sell in at a profit.

DIE VER SA FYE