so much for the "January Effect"

[FreakMonster]

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[Devastation]

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what he said

 

[Lestat]

this thread got mauled from the get go. Funny but lets talk about the real January effect fellas...

Do those new years resolutions really work?

 

[bran987]

you must be crazy 1,000,000 over a life time...... guess if you don't know what you are doing yeah, i personally know 2 people that are up over 40,000% over the past 2 yrs, the most insane i've seen was 500 to 1.2 million over 8 months lol...... trading stocks like HOFF, UCSY, and RSTG makes it real easy

I assume you are talking about professional traders who work in firms that don't have the same constrictions as normal people such as waiting for an uptick to short sell, can use 200 to 1 leverage, etc. etc. etc... like I said there are exceptions to every rule. And even those traders usually only make enough money to make a normal living. The last 2 years have been good for the market.

If you give 1,000,000 people $500 and tell them to use enough leverage to turn that into $1,000,000 in 2 years I guarantee you over 999,990 of those people will fail within a month. you guys totally missed the point of what I was saying anyway lol, and honestly if you are one of the types who tells people trading microcap stocks makes becoming wealthy easy you must be brainwashed by someone. unless you are jewish and in that case you control the stock market anyway so you can make it go up or down whenever you want.

 

[bran987]

No.

I just buy and sell, whenever... not really a job. When I have time, I can devote more concentration to it. I get by. Just a cash account, long positions.

I was just joking anyway. You are the Hall Monitor, you can do whatever you want!

 

[bran987]

http://cbs.marketwatch.com/news/sto...C97-4D50-BA1E-7674532EBA82}&siteid=mktw&dist=

 

[kunta]

I assume you are talking about professional traders who work in firms that don't have the same constrictions as normal people such as waiting for an uptick to short sell, can use 200 to 1 leverage, etc. etc. etc... like I said there are exceptions to every rule. And even those traders usually only make enough money to make a normal living. The last 2 years have been good for the market.

If you give 1,000,000 people $500 and tell them to use enough leverage to turn that into $1,000,000 in 2 years I guarantee you over 999,990 of those people will fail within a month. you guys totally missed the point of what I was saying anyway lol, and honestly if you are one of the types who tells people trading microcap stocks makes becoming wealthy easy you must be brainwashed by someone. unless you are jewish and in that case you control the stock market anyway so you can make it go up or down whenever you want.

Nope no professional traders at firms... just avg joes trading at home, no to normal leverage(2:1 margin). Avg trader I know pulls in around 150k after taxes. I guess i must be brain washed I'm only up only a little over 2k today lol.

 

[bran987]

Nope no professional traders at firms... just avg joes trading at home, no to normal leverage(2:1 margin). Avg trader I know pulls in around 150k after taxes. I guess i must be brain washed I'm only up only a little over 2k today lol.

well more power to you, all I know is $500 into a million is like 40% per month return every month for 2 years and that's without paying taxes and having ZERO down months, just sounds like bullshit honestly. I read books about the greatest traders to ever live and nobody even comes close to claiming those kinds of numbers kunta. 40% per year would put you like in the hall of fame forever so 40% per month heh. but yeah 2,000 per day well that's great man like I said more power to ya.

 

[kunta]

well more power to you, all I know is $500 into a million is like 40% per month return every month for 2 years and that's without paying taxes and having ZERO down months, just sounds like bullshit honestly. I read books about the greatest traders to ever live and nobody even comes close to claiming those kinds of numbers kunta. 40% per year would put you like in the hall of fame forever so 40% per month heh. but yeah 2,000 per day well that's great man like I said more power to ya.

Well 500 or 1000 into a million over 2 yrs is not too hard(1 yr yes), the hard part is getting that 500 or 1000 into the range where you can do start making a living off of the money (5-10k) you forget once you get past that hump its a snowball effect and the cash starts rolling.

Heres a tip EDVO.....looking for 2+ by monday

 

[bran987]

Well 500 or 1000 into a million over 2 yrs is not too hard(1 yr yes), the hard part is getting that 500 or 1000 into the range where you can do start making a living off of the money (5-10k) you forget once you get past that hump its a snowball effect and the cash starts rolling.

Heres a tip EDVO.....looking for 2+ by monday

how many years have you been trading?