Day trading

GameOver_2

The US stocks GV and NABI will be very nice stocks to hold for the next 4-6 months, i expect to make 100% on both, i was in NABI from $4.96, and GV at $2.02.

NABI has a nice gap to fill on the upside, and it will fill.

GV is a stock thats been accumulated, and now its having its mark-up phase.

Thanks

Chrismaths

Ho Ho. Very good. Keep trading mate, you'll get yours.

BTW, I'm an investment manager.

PS.

If you are so good at investing in US microcap companies, open a US microcap fund.
There is one fund in the US smaller companies sector that has regularly beaten the index, and that is closed to new investment. You'll make a fortune. For stories of people who make stellar returns over 5 year periods, for whom it then comes crashing back down to earth, do a google on 'Manek'.

GameOver_2

I dont trade Chris, i invest, trading is short term ;o)

If your an investment manager, i am scared to death for your clients.

Matt

Chrismaths

Because they're not invested is $60m capitalisation US companies? Wake up fella. One of your companies is a tiny gold mine, (read hole in the ground surrounded by liars), another is a bombed out biotech company (dead-cat bounce). On the risk scale, you are off one of your charts.

If the company is small enough, predictions are self-fulfilling prophecies. Numerous people have built up a following by recommending small illiquid stocks, that they already own, then 'recommending' the stock to their disciples. Surprise surprise, stock shoots up. It's called ramping.

When it all goes titsup, don't say you weren't warned.

Unless of course you are a financial genius the like of which the world has never seen until you came along, but given your spelling and grammar, I think it unlikely.

GameOver_2

lol no Chris, i am scared to death for your clients because you dont come across like you know what your talking about.

My method has worked for the last 50 years (again, read that book).

And will work for another 50 years.

Both companies i listed, will make me 100%, without much risk at all, infact all im going to do is leave them until my 100% turns up and then i will sell.

Matt

Deemy

Been trading since 1985

During that period have day traded from time to time, all I can say it is the toughest thing to do !!!!

WHat I suggest is FORGET day trading - There is a 98% probability that you will lose all your money ! Thus you only have a 2% chance of succeeding at this stage, perhaps in 10 years time the probability of success will be better ? BUt for now your just lamb to the slaughter.

If you really want to get into trading then I suggest position trading by developing trading system that is 'mostly' mechanical.. even this is not easy and yuor looking at several YEARS before you get it right ! BUT at least it will provide you with some income IF you stick to the rules.

Personally, I still trade, but have found a much easier way of making money... ONLINE POKER !

schiff

I suppose the sad thing about this thread is that Mr_Frugal started it and, as far as we know, has never been back (even to say thank you!)!

But it has produced some good stuff, in particular the latest from Quarantz, Game Over and Chrismaths. Displaying opposing sides of the same situation.

We dont know how long Game Over has been involved but he has been lucky (in some respects). I have been invested from November 2005 onwards and I know, without a shadow of a doubt, that my handsome returns in very speculative shares has been down more from the direction of the market than from any inspirational judgement on my part. I suspect that Game Over's success might be based on similar grounds - but then again maybe not. Who knows? It is unfortunate (for him) that he comes over smug, so possibly heading for a fall. Then again maybe not. Maybe he is 2006's Warren Buffett.

Chrismaths' summary of the situation is pragmatic and worthy of study. The euphoria of the market in recent months leads people to believe that it just has to continue and it may well do in commodities like oil/gas/gold and other minerals. But as sure as night follows day, there will be a correction that may start slowly and deceive, followed maybe by an upsurge, and then it will come like a thunderbolt and so many investors will be burned. On that basis Chrismath's expectations could come to pass.

Dramatic stuff but it needs thinking about. I have no idea if it's still possible to access them but charts covering the years 1985 to 1995 (which I lived through) would give highly cautionary signals. We never thought it could ever happen - but it did.

It's all fascinating stuff and I suppose the most fascinating aspect is that nobody really has an absolutely cast-iron clue!

GameOver_2

Hey

I dont mean to come across smug, i try to come across confident in what im talking about, but i dont mean to be smug and rub noses in it, maybe i need to work on that, sorry.

I just got very lucky with the guy i met who tought me side by side for free all this time, without him, i would not even attempt it.

I know i keep saying about the book i have, by Ted Warren, but i see it as my bible! In the 60's there was a huge correction, which burnt alot of people, but not Ted Warren, and i do it the exact same way but with more methods, as we have new tools now, in 2006.

All stocks are manipulated, market makers control the stock price, how it works is, "smart money" work with the market maker, to accumulate a stock for years, this is what we call basing, we need to see low volume, (on the monthly chart), and we then look to see how many insiders have shares, when we know its in strong hands, there is only one purpose that this is done, and thats to make millions in capital gains, so when i put 5k or 10k in it, i know its safe, even if the market is falling like a snow ball, my stock wont fall much, i also know the smart money that has accumulated the stock, will bring it right back up to where its meant to be, and they will still do the mark up, thats why my method is safe.

All the stocks i buy go up 100% or 200%, its almost guaranteed, HOM went up 700%, and it actually carried on to $11!

Heres a chart we were in last year, these charts work the same every time, like clock work:

http://stockcharts.com/h-sc/ui?c=vphm,uu[w,a]wiclyyay[df][pc3!c5!c8][vc60][iub5!le5,10,1!lg!la12,26,9][J61471200,Y]&listNum=1

I know i am only 23, but ive been very lucky with the mentoring ive had, i think being 23, i have time on my side, so its an advantage.

I dont want to come over smug, i am actually willing to help anyone that wants it.

Have a good day

Matt

GameOver_2

To see that chart, you have to copy that whole line, not just click on the link, and then paste into your address bar.

Sorry, not too sure how to make a real link on these forums.

schiff

Hi Matt

Appreciate you not hitting me like a ton of bricks for my earlier comments!

You have been a really lucky young man, it appears. If I were several years younger I would probably court your friendship and ask you to guide me where your mentor guided you! But time is of the essence in share investing (ask Warren Buffett) and, though I hope to carry on for some years to come, I can't help but be impatient with my shares - which are very speculative.

You've got me intrigued. I know it's personal and you're under no obligation but are you employed in the 'City' or some other aspect of the financial world?
Otherwise make my day and tell us that you rely only on share dealing and investing as your livelihood. Then I will be impressed.

The best bit of your post was that at 23 you believe you have time on your side. I think you ought to know that I agree with you! Same answer too if you were 33 and even 43. 53 is marginal, 63 not sure, 73 possibly a bit late!
Best wishes.