December 12, 2008 at 6:29 pm (day trading, luck, money, money-making, stocks)
Tags: daytrade, drys, gain, gnk, money, pld, shipping
Having a day job surely eliminates the time for you to day trade. But I should be more diligent in sharing with you news about my day trading system. I’m not yet to share it with the world so please approach it with care. I don’t have any qualms to you sitting on the sidelines and watching. Viewing is free.
I spent the last 3 days day trading shipping stocks such as DRYS and GNK. On Tuesday, I picked up 400 shares of DRYS at $10.09. By Wednesday, I sold them at $11.10 for a not so easy $390 gain. It was not so easy because I watched the stock fluctuate constantly for 2 hours, adding stress to my day.
Today, I went in on PLD. I got in late so I didn’t buy it until it surged to $7.10. After four hours, I sold half my position at $7.49. You can say I’m nervous because I have no clue what PLD does or sell. The good thing about PLD and the shipping stocks is that they pay a hefty dividend. To a day trader, it is good news because if the stock drops and you end up holding it, you will get paid a dividend for your inconvenience.
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July 15, 2008 at 4:39 pm (money, money-making, stocks)
Tags: amat, eslr, impatient, jaso, picks, solar, stocks
I’ve been lucky picking stocks to buy on a daily basis or for my retirement. One area that I believe in is in solar stocks. My favorite is JASO but their stock hasn’t done anything lately. I did my research and bought JASO for a near-IPO price of $16, just to see it rise to $22 before I sold it. I managed to get back in at $18 and held onto it until it reached $33. That took a while but it was worth riding it. I sold it at $33 and bought some back at $29. My next move didn’t come until $45 when I sold it. I went on with other stocks and forgot about JASO until one day, I watched its trend. I bought it back at $54 and watched it climb to $75 before it split. My 500 shares had now become 1500 shares because of their 3-to-1 split. You can say, I made a mint over a year’s trading.
There has been a lot of talk about solar in the streets. Investopedia just published an article about solar stocks and how they say too many companies, too little profit. There is some truth to it when you see the number of solar companies you can invest in. Take for example, ESLR that just won a $1.2 billion contract. The stock is trading 80 cents up today. That’s a lot of money, however the stock is not moving much. I used to hold ESLR but I was impatient and sold out at $9.50. I see that it hasn’t done much because it’s now at $10 and I got rid of it late last year.
My advice on solar, pick up a stock like AMAT who has a side business expanding into solar revenue. I’m going to watch it for abit before jumping in.
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July 7, 2008 at 5:08 am (money, money-making, stocks)
Tags: day, doubling, goal, market, money, stock, trade
My day trading experiment just got extended to a week trading experiment. Normally, when you trade on a daily basis, you end up selling off whatever you bought at the beginning of the day at whatever cost it is. This desperate attempt to make some money does not work in this sort of market. It used to work in the past, but not now.
My stock went down before July 4th so I held on to it. Tomorrow, I’m hoping to sell it once and for all. Then start again on a new stock. So far, I think I have reached my goal of doubling my money.
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July 3, 2008 at 4:13 am (luck, money, money-making, stocks, win)
Tags: homework, investment, lucky, market, stock
I was hoping the stock would end on a better note. It closed at $2.05 instead of $2.45. But tomorrow is another day. Lets hope for another good day on the market so I can say that I have doubled my original investment. I’m close, very close.
After this experiment, I am going to look for another stock and do the same. I got lucky this time. It pays to do your homework and pick the right stock to play with.
See you tomorrow.
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July 2, 2008 at 7:15 pm (day trading, luck, money, money-making, stocks)
Tags: doubling, gain, market, money, profit, stock
I was pleasantly surprised to see the stock price at $2.45 so I sold out my 1,000 shares that I bought yesterday at $2.07. I pocketed $380 over 24 hours, not bad at all. That brings my $1500 investment to $1230 gain which is a little shy of doubling my money.
Luckily for me, I got back in about an hour ago at $2.09. I see that the stock dipped as low as $1.90 but I was not near my computer at the time so I could not take advantage of the price. Maybe I’ll get to sell it again before the market closes today. Lets hope for that.
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July 2, 2008 at 4:23 am (money, money-making, stocks)
Tags: coffee, hygs, nasdaq, progress, share, stock
Later that morning, I decided to check the price of the stock that I sold earlier. It was selling between $2.04 and $2.12. I put in a buy order for 1,000 shares at $2.07. It shot up to $2.14 then $2.17 but I knew it was going to correct itself and come down.
After I made myself a cup of coffee, I checked the order and found that it was filled at $2.07. I was back in the game.
My $2.07 stock closed at $2.22, already up by 15 cents per share. Lets see what happens tomorrow. If you want to follow my progress, the stock symbol is HYGS on the Nasdaq.
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July 2, 2008 at 4:17 am (money, money-making, stocks)
Tags: commissions, day trading, profit, rise, sell, stock
Something woke me up today. I think it was the neighbor’s dog barking. I got up and checked the stock market and was pleasantly surprised to see that my $1.50 stock was on the rise. I put in a sell order for $2.35 and guess what?! It sold a few minutes later.
Gross profit: $8.50, less $9.99 commissions. Not bad for a day’s effort.
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June 30, 2008 at 3:42 pm (luck, money, money-making, stocks)
Tags: daytrade, doubling, guts, luck, money, nasdaq, skeptical, stock, stocks
Today, I deposited $1500 into my day trading account. My plans is to double it. Last year, this would be easy to do in a day or two but the stock market is a different beast these days. Doubling it would require some concentration and luck. At worst, I would lose half of it. Lets not hope that.
The next few blogs will be about my progress and things learned.
I have been watching a stock lately on Nasdaq. It is almost considered a penny stock because of its price. I see that the low for the year was 49 cents. Today it is selling for about $1.50. When I started watching it, it was selling for $1.16. I was alittle skeptical at the time but I watched it climb to $1.25, $1.30, $1.40 and now over $1.50. If I had any guts then, I would have been close to doubling my money.
I paid dearly for the stock today at $1.50, especially when I first wanted in at $1.16. Lets see how it goes.
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April 1, 2008 at 10:36 pm (get rich scheme, money, money-making)
Tags: blog, idea, money, publish
If the answer is no then you’re probably writing in the wrong place. Take a look at Triond.com where you can get paid for writing blogs. After you sign up, you publish new content by uploading a text file containing your blog. They look at and their editors decide if it is of interest to their community. If so they will choose to publish it.Once published, they will email you to tell you where they have published it. Your blog is then tracked and if there are any royalties against it, the amount will show up next to your blog. It’s that easy.Just to get you interested, I started a new blog on Saturday. Since then, I’ve had five blogs published and have over $100 in my account. I compare that with my blog here and it doesn’t compare.
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March 30, 2008 at 7:37 pm (money, zero-investment)
Tags: earn, money, paypal, tip
Here’s another way to make some money but you have to know something. It doesn’t matter what it is, as long as you know something about a particular area of interest and can provide some tips to people. The site to visit is DayTipper. Sign up for a free account then submit a tip on practically anything. The keyword here is ‘practical’ so cruise through the tips that are published and join the rank.They will pay you $1 for every tip they publish. It’s a relatively new site and some of the top submitters have a balance of about $72 which isn’t much but then you’re only going to have to write a tip that is 500 characters long. That’s easier than writing a blog.They have two ways to get paid, a PayPal account which is free or a check. If you choose a check, it will cost you $3 for processing fee. If it’s not enough to buy a beer, do the right thing and donate it to charity.
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