Trade #2 was a success!!
For those of you that have been following my progress you know that I used the dividends and my initial starting funds to purchase 52,631 shares of IGNT. I made that purchase on Monday June 29, 2009. Today, Tuesday June 30, 2009, I sold all 52,631 shares for a gain of $122. I now have $635.11 available for investment.
I am now 2 for 2. How many trades will it take to get to $1,000,000? We'll see.
I will be posting my next trade in a few days.
GOD BLESS!
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
Tuesday, June 30, 2009
Monday, June 29, 2009
A QUICK WORD ON LGTT
Ligatt Security International is quite an awesome company with very unique services. I currently hold shares in this company and just wanted to give you an introduction to them based on some news they released today that caused a big jump in the companies stock.
You should check them out.
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
You should check them out.
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
TRADE #2 IGNT UPDATE
I'm sorry I'm so late getting this update out today. Things were kinda crazy at work today and I never had a break to get it done. Anyway, on with the update!
I really struggled yesterday trying to decide which stock to purchase this morning. It ended up being IGNT as stated in my previous update. I ended up buying 52,631 shares at .0093. Total cost after my $9.99 commission $499.46.
Remember after my last trade I had $513 to use for investments. I will stay in this one for at least 20% which is always the goal. This particular stock is being forcasted at .028 before it hits it next breakthrough point. I do not intend to stay in that long. I plan on getting out at 20%, but may let it ride past that point a little.
IGNT did close up 4.30% at $.0097 with 121,351,287 in volume! IGNT's 52 week high/low is $.30/$.0001. See the chart below and you will see that when this stock goes up it is fast and furious. It is the same when it goes down, so be careful if you invest in IGNT.
MORE IGNT NEWS TODAY
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
I really struggled yesterday trying to decide which stock to purchase this morning. It ended up being IGNT as stated in my previous update. I ended up buying 52,631 shares at .0093. Total cost after my $9.99 commission $499.46.
Remember after my last trade I had $513 to use for investments. I will stay in this one for at least 20% which is always the goal. This particular stock is being forcasted at .028 before it hits it next breakthrough point. I do not intend to stay in that long. I plan on getting out at 20%, but may let it ride past that point a little.
IGNT did close up 4.30% at $.0097 with 121,351,287 in volume! IGNT's 52 week high/low is $.30/$.0001. See the chart below and you will see that when this stock goes up it is fast and furious. It is the same when it goes down, so be careful if you invest in IGNT.
MORE IGNT NEWS TODAY
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
Sunday, June 28, 2009
TRADE #2 IGNT
I have made my decision on my 2nd trade in my quest for $1,000,000. And the winning stock for me on Monday morning is going to be IGNT. It has been a very active stock, has plenty of recent news, and has stabalized somewhat. I think it is about to bounce. I am looking to make a bit more than 20% on this one. We will see tomorrow.
I have spent all day today trying to decide which stock to buy. That is what investors call Due Dilligence, or DD. Do some before you invest. Don't just take my word for it. You don't know me, I may be a raving lunitic!
HERE'S THE CHART:
CLICK HERE FOR THEIR LATEST NEWS RELEASE
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
I have spent all day today trying to decide which stock to buy. That is what investors call Due Dilligence, or DD. Do some before you invest. Don't just take my word for it. You don't know me, I may be a raving lunitic!
HERE'S THE CHART:
CLICK HERE FOR THEIR LATEST NEWS RELEASE
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
TRADE #2 COMING TONIGHT
I'm looking at MFLI or SECI for my next investment on Monday. SECI chart is looking much better in my opinion. I'll post my decision tonight.
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
Definition Of A Penny Stock
There are many different schools of thought about what exactly qualifies a stock to be classified as a penny stock. The most common definition is: A common stock that trades for less than $5, and is traded on the OTC and Pink Sheets exchanges.
For my trades in this particular project I am using that definition as my and only add one element to it. I am not concerned with which exchange the stock is traded. With the Market down like it is there are "penny" stocks on every exchange. Even on the NYSE.
So if you see me pick a stock that is traded on the more recognized exchanges, just understand that my qualifications for a penny stock is only that the stock be under $5, but remember that I may on occassion purchase stocks that trade higher if the chartlooks good or if I get a good tip from someone reliable.
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
For my trades in this particular project I am using that definition as my and only add one element to it. I am not concerned with which exchange the stock is traded. With the Market down like it is there are "penny" stocks on every exchange. Even on the NYSE.
So if you see me pick a stock that is traded on the more recognized exchanges, just understand that my qualifications for a penny stock is only that the stock be under $5, but remember that I may on occassion purchase stocks that trade higher if the chartlooks good or if I get a good tip from someone reliable.
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
Saturday, June 27, 2009
A WORD ABOUT FREEDOM
I belive the overall goal of daytraders and investors in general is freedom. Freedom from a job, freedom to spend time with your family, freedom from worry about the future, or just the freedom to be who you really want to be. Whatever you want to be or do, you can achieve, and I believe the stock market is a great tool to use in order to achieve those things.
Let me just share with you a little bit about myself.
I currently work for a small oilfield company in Bossier City, LA. I am one of their supervisors. Even though it is a great job with good pay and good employers, it is not the way I want to spend my days. I want to spend my days hanging out with my family, taking trips with them, taking my kids to school, ect., ect.
My current does not allow me these luxuries.
I want to quit my job, and I want to use the stock market to make this happen. I believe with all my heart that you can quit your job by trading penny stocks. I intend to prove it! I don't believe it will take years to do it either. I know this much, if you start with just $200 and increase it by 20% and reinvest your dividends, you will have over $1,000,000 on trade 31. Grant it, that is perfect world conditions, because you will never make an even 20% on every trade. Some trades you will actually make more that 20%, of course you will make much less on some trades, and you may even lose money. Lots of it!
Consider this though, if you can build you funds up to $14,000 and invest it in a penny stock that is trading at $.95 per share, and it moves just $.05 the first 10 minutes of the trading day, you've just earned 5% of $14,000. So now you $14700 to trade with.
But what if that stock had shot up to $1.18 by noon that day and you had stayed in for 20%? You would have made $2800 and would have turned $14000 into $16800. Not bad for just a few hours of nail biting and white knuckles, and all you have to do for the rest of the day is "whatever the HELL you want to do!" Thats it! Well, you may want to start looking for your next investment, but your funds won't be available again for a few days while your trade is being settled. This can be as short as 2 days or as long as a week depending on which exchange you are trading on and which online broker you are using. It may take longer, but I have never had it take longer than 6 business days. I use E*TRADE for my trades and they seem to be pretty good at getting my money freed up.
Just a little bit on E*TRADE. I will say it again that I have no prior experience or training when it comes to trading stocks. I have never read "Trading For Dummies" even though I do own a copy. When I decided to start trading back in Jan of this year because of a stock tip a friend gave me, I decided to go with E*TRADE for a couple of reasons. #1 reason was because they were the one that I had heard the most about from people. Kind of a household name if you will. #2 reason, and I think the reason they are such a household name is their Superbowl commercials. As Tony the Tiger would say, "THEY'RRRREEE GREAT!" All I can tell you about them is that since Jan I have not had one problem using them. They are not the best deal out there, but they are well recognized in the industry, and I will continue to make all of my trades with E*TRADE.
Thanks for reading my latest entry on my quest to $1,000,000. Stay tuned.
BRADY
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
Let me just share with you a little bit about myself.
I currently work for a small oilfield company in Bossier City, LA. I am one of their supervisors. Even though it is a great job with good pay and good employers, it is not the way I want to spend my days. I want to spend my days hanging out with my family, taking trips with them, taking my kids to school, ect., ect.
My current does not allow me these luxuries.
I want to quit my job, and I want to use the stock market to make this happen. I believe with all my heart that you can quit your job by trading penny stocks. I intend to prove it! I don't believe it will take years to do it either. I know this much, if you start with just $200 and increase it by 20% and reinvest your dividends, you will have over $1,000,000 on trade 31. Grant it, that is perfect world conditions, because you will never make an even 20% on every trade. Some trades you will actually make more that 20%, of course you will make much less on some trades, and you may even lose money. Lots of it!
Consider this though, if you can build you funds up to $14,000 and invest it in a penny stock that is trading at $.95 per share, and it moves just $.05 the first 10 minutes of the trading day, you've just earned 5% of $14,000. So now you $14700 to trade with.
But what if that stock had shot up to $1.18 by noon that day and you had stayed in for 20%? You would have made $2800 and would have turned $14000 into $16800. Not bad for just a few hours of nail biting and white knuckles, and all you have to do for the rest of the day is "whatever the HELL you want to do!" Thats it! Well, you may want to start looking for your next investment, but your funds won't be available again for a few days while your trade is being settled. This can be as short as 2 days or as long as a week depending on which exchange you are trading on and which online broker you are using. It may take longer, but I have never had it take longer than 6 business days. I use E*TRADE for my trades and they seem to be pretty good at getting my money freed up.
Just a little bit on E*TRADE. I will say it again that I have no prior experience or training when it comes to trading stocks. I have never read "Trading For Dummies" even though I do own a copy. When I decided to start trading back in Jan of this year because of a stock tip a friend gave me, I decided to go with E*TRADE for a couple of reasons. #1 reason was because they were the one that I had heard the most about from people. Kind of a household name if you will. #2 reason, and I think the reason they are such a household name is their Superbowl commercials. As Tony the Tiger would say, "THEY'RRRREEE GREAT!" All I can tell you about them is that since Jan I have not had one problem using them. They are not the best deal out there, but they are well recognized in the industry, and I will continue to make all of my trades with E*TRADE.
Thanks for reading my latest entry on my quest to $1,000,000. Stay tuned.
BRADY
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
I'M A TOTAL ROOKIE
I just want everyone to know that I am a total rookie when it comes to trading stocks. I have never had any experience in investing in stocks. No experience whatsoever! I am literally learning as I go, and you get to watch my success or failure.
The reason I am doing this, as I stated in an earlier blog, is to help other would-be investors have confidence and know that you don't need to have large amounts of cash to make money in the stock market. The other reason I am doing this is because I believe it can be done just by following one basic principle: Buy low and sell high.
In order for any endevour to work, I believe you must have a plan, and you must stick to it! I have heard it said that noone ever plans to fail, they only fail to plan. That being said, let me explain to you my plan for success as it is now.
I am using stock tip newsletters to help me for the most part.
I feel that with the stock tips I am using, and my basic knowledge of the stock market, and with the free information available online, I can earn 20% on nearly all of my trades. I realize that once my funds surpass $10,000 I may have difficulty selling off my stocks on some of the smaller volumes that I see on some of the stocks that I have on my watchlist. This will be part of my learning curve. That is why I will make this statement now, I may not be able to stay in for 20% on every trade, and also, I may need to move out of the penny stock realm at some point and start trading the higher cap stocks in order to make my trades more easily. I may even stay in for smaller returns and larger returns. 20% is still the goal, but if I see that a stock is gonna go higher I may just let it ride, and if a stock is not moving up fast enough I may get out at 5%, 10%, or 2%. All in all though time will tell.
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
The reason I am doing this, as I stated in an earlier blog, is to help other would-be investors have confidence and know that you don't need to have large amounts of cash to make money in the stock market. The other reason I am doing this is because I believe it can be done just by following one basic principle: Buy low and sell high.
In order for any endevour to work, I believe you must have a plan, and you must stick to it! I have heard it said that noone ever plans to fail, they only fail to plan. That being said, let me explain to you my plan for success as it is now.
I am using stock tip newsletters to help me for the most part.
I feel that with the stock tips I am using, and my basic knowledge of the stock market, and with the free information available online, I can earn 20% on nearly all of my trades. I realize that once my funds surpass $10,000 I may have difficulty selling off my stocks on some of the smaller volumes that I see on some of the stocks that I have on my watchlist. This will be part of my learning curve. That is why I will make this statement now, I may not be able to stay in for 20% on every trade, and also, I may need to move out of the penny stock realm at some point and start trading the higher cap stocks in order to make my trades more easily. I may even stay in for smaller returns and larger returns. 20% is still the goal, but if I see that a stock is gonna go higher I may just let it ride, and if a stock is not moving up fast enough I may get out at 5%, 10%, or 2%. All in all though time will tell.
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
Thursday, June 25, 2009
Trade #2 COMING SOON
Trade #1 went off without a hitch. I was able to turn $436 into $513 in just a couple of days! WOO HOO!!
Ok, maybe its not exactly WOO HOO worthy, but it is a positive return on my investment in just a short amount of time. 20% return is the goal for each trade from $400 to $1,000,000 and this was the first step of many.
Today the cash settlement for my trade was completed and is ready for reinvestment, so I am searching diligently for my next investment. As soon as I find it I will post it here the night before I make the trade, or at the very least, before the market opens on the day I make the trade.
I will post my purchase price, and when I sell it, I will post the price it sells. Remember, the goal is 20% per trade.
Thanks for following my progress:)
God Bless!
PS I did not pick this stock myself, I used a newsletter that you can sign up to receive for free at www.signupstocks.com .
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
Ok, maybe its not exactly WOO HOO worthy, but it is a positive return on my investment in just a short amount of time. 20% return is the goal for each trade from $400 to $1,000,000 and this was the first step of many.
Today the cash settlement for my trade was completed and is ready for reinvestment, so I am searching diligently for my next investment. As soon as I find it I will post it here the night before I make the trade, or at the very least, before the market opens on the day I make the trade.
I will post my purchase price, and when I sell it, I will post the price it sells. Remember, the goal is 20% per trade.
Thanks for following my progress:)
God Bless!
PS I did not pick this stock myself, I used a newsletter that you can sign up to receive for free at www.signupstocks.com .
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
Tuesday, June 23, 2009
TRADE #1 MDOR RESULTS
Just about 1 hour into the morning session I was able to sell my first trade in my quest to $1,000,000 for a 20% profit. I bought MDOR at $.91 on Monday, and sold it this morning for $1.10. YAY!
Next Trade coming soon!
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
Next Trade coming soon!
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
Monday, June 22, 2009
Watch This One On 6-23-09
VXRC
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
TRADE #1 MDOR UPDATE
Ok, in my previous update I told you that I got in at $.91 cents, and I did. What I didn't tell you is that I ended up buying a bit more that $400 worth. I actually bought 475 shares which brought my total purchase price (including my commission of $10) to $442.25. Sorry for the slip up.
On with the update now.
MDOR had a great day today! It closed at $.99 today which is up 20.73%. They are up 1.01% in extended hours trading.
Magnum d'or Resources, Inc. (MDOR) is a development stage company . The Company is engaged in the business of providing modified sources of recycled rubber products, reconstituted rubber derivatives and rubber powders to various distributors and manufacturers. In May 2008, the Company formed a wholly owned subsidiary, Magnum Recycling Canada (MRC), to own and operate recycling facilities in Canada.
They are incredibly underrated by wall street, and I believe that this stock is going to soar as the week progresses. I am confident that this stock will exceed my $1.10 sale point. I may set my stop loss at 1.10 once it surpasses that price, which I feel it will pass that price fairly early Tuesday.
I believe it will really fly tomorrow because of this bit of news they released today:
Magnum Enters Negotiations with European Client for 50,000 Tons of 40 Mesh Rubber Powders, Potential Contract Size is $26 to $41 Million USD Per Year
Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR), a next generation rubber recycling Solutions Company, releases new photos and announced the company has been in negotiations to supply a new European client with up to 50,000 tons of 40 mesh rubber powder. The contract is for a 5 year term and the current spot market on 40 mesh rubber powders are roughly $520 to $820 per ton. The total potential size of this contract could be $130 to $205 Million USD over a 5 year term. Magnum plans on securing more high tech equipment in order to help fulfill this contract and future contracts to come.
This new large European client is also looking to deal with Magnum in order to acquire additional rubber powders down the road ranging from 120 to 200 mesh sizes for the integration into compounds. These fine rubber mesh powders go for much more than the 40 mesh rubber powder listed above.
V.P. of Magnum Canada, Michel Boux, stated, "I have been diligently working with a large European company in order to help supply them with a wide range of Magnum rubber powders. This will hopefully be the first of many contracts to come. The market for our products is enormous and almost unlimited. There is a huge demand for all of our products and it seems as though this will be the case in the years to come."
To view today's Magnum photos http://www.magnumresources.net/view-investors.php?id=219
About: Magnum's 98,000+ sq ft facility is located in Magog (Quebec). Magnum currently holds over $130 Million USD in open contracts for the production of rubber nuggets and rubber buffing. Magnum's proprietary "GREEN" technology provides a one of a kind solution to all of the challenges in eliminating Stockpiles of Scrap Tires and Rubber Scrap including: establishing Turnkey Recycling facilities; design, manufacture, and sell products made with recycled materials; and institute viable solutions to the problem of recycling waste rubber.
Magnum/SRI are currently using their advanced technologies to produce next generation rubber recycling solutions for custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market. The Company is also carrying out a number of trials on various compound blends specifically targeted at high specification premium applications. Magnum/SRI tests are targeting premium applications that contain high grade properties. This will allow production of higher yielding compounds which will potentially create higher revenues and profits.
This also includes maximizing cost savings for clients while producing high quality materials. The Company recently had a series of positive tests and trials carried out at our Magnum/SRI Malaysian lab which has served to accelerate our program. These efforts represent Magnum/SRI's continued development of next generation high performance and exacting specification compounds which we intend to have evaluated independently by an independent and highly reputable third party institute.
The reason why Magnum/SRI premium compounds are one of a kind is because they can be substituted in high specification compound applications without appreciable loss in properties or performance. Furthermore, the reason why our clients will prefer to use Magnum/SRI compounds is they will be able to enjoy a substantial and meaningful reduction in raw material cost without compromising product performance and quality. In the competitive environment of rubber product manufacturing this is a major development having a direct impact on our customer's bottom line.
Visit SRI: http://www.srielastomers.com/
View Mangum/SRI Next Generation Custom Compound positive trials: http://magnumresources.net/view-investors.php?id=180 or http://www.magnumresources.net/view-investors.php?id=199
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
On with the update now.
MDOR had a great day today! It closed at $.99 today which is up 20.73%. They are up 1.01% in extended hours trading.
Magnum d'or Resources, Inc. (MDOR) is a development stage company . The Company is engaged in the business of providing modified sources of recycled rubber products, reconstituted rubber derivatives and rubber powders to various distributors and manufacturers. In May 2008, the Company formed a wholly owned subsidiary, Magnum Recycling Canada (MRC), to own and operate recycling facilities in Canada.
They are incredibly underrated by wall street, and I believe that this stock is going to soar as the week progresses. I am confident that this stock will exceed my $1.10 sale point. I may set my stop loss at 1.10 once it surpasses that price, which I feel it will pass that price fairly early Tuesday.
I believe it will really fly tomorrow because of this bit of news they released today:
Magnum Enters Negotiations with European Client for 50,000 Tons of 40 Mesh Rubber Powders, Potential Contract Size is $26 to $41 Million USD Per Year
Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR), a next generation rubber recycling Solutions Company, releases new photos and announced the company has been in negotiations to supply a new European client with up to 50,000 tons of 40 mesh rubber powder. The contract is for a 5 year term and the current spot market on 40 mesh rubber powders are roughly $520 to $820 per ton. The total potential size of this contract could be $130 to $205 Million USD over a 5 year term. Magnum plans on securing more high tech equipment in order to help fulfill this contract and future contracts to come.
This new large European client is also looking to deal with Magnum in order to acquire additional rubber powders down the road ranging from 120 to 200 mesh sizes for the integration into compounds. These fine rubber mesh powders go for much more than the 40 mesh rubber powder listed above.
V.P. of Magnum Canada, Michel Boux, stated, "I have been diligently working with a large European company in order to help supply them with a wide range of Magnum rubber powders. This will hopefully be the first of many contracts to come. The market for our products is enormous and almost unlimited. There is a huge demand for all of our products and it seems as though this will be the case in the years to come."
To view today's Magnum photos http://www.magnumresources.net/view-investors.php?id=219
About: Magnum's 98,000+ sq ft facility is located in Magog (Quebec). Magnum currently holds over $130 Million USD in open contracts for the production of rubber nuggets and rubber buffing. Magnum's proprietary "GREEN" technology provides a one of a kind solution to all of the challenges in eliminating Stockpiles of Scrap Tires and Rubber Scrap including: establishing Turnkey Recycling facilities; design, manufacture, and sell products made with recycled materials; and institute viable solutions to the problem of recycling waste rubber.
Magnum/SRI are currently using their advanced technologies to produce next generation rubber recycling solutions for custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market. The Company is also carrying out a number of trials on various compound blends specifically targeted at high specification premium applications. Magnum/SRI tests are targeting premium applications that contain high grade properties. This will allow production of higher yielding compounds which will potentially create higher revenues and profits.
This also includes maximizing cost savings for clients while producing high quality materials. The Company recently had a series of positive tests and trials carried out at our Magnum/SRI Malaysian lab which has served to accelerate our program. These efforts represent Magnum/SRI's continued development of next generation high performance and exacting specification compounds which we intend to have evaluated independently by an independent and highly reputable third party institute.
The reason why Magnum/SRI premium compounds are one of a kind is because they can be substituted in high specification compound applications without appreciable loss in properties or performance. Furthermore, the reason why our clients will prefer to use Magnum/SRI compounds is they will be able to enjoy a substantial and meaningful reduction in raw material cost without compromising product performance and quality. In the competitive environment of rubber product manufacturing this is a major development having a direct impact on our customer's bottom line.
Visit SRI: http://www.srielastomers.com/
View Mangum/SRI Next Generation Custom Compound positive trials: http://magnumresources.net/view-investors.php?id=180 or http://www.magnumresources.net/view-investors.php?id=199
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Sunday, June 21, 2009
TRADE #1 MDOR
Ok, here we go! This will be my very first trade in my quest to make $1,000,000 in the stock market. Can I do it? We'll see.
As for my first trade, I will be buying 475 shares of MDOR tomorrow morning. That will be a total cost of 399.50. I have an E*TRADE account and my commission is $10 per trade which is added into the total cost. It closed at .82 on Friday. If I purchase more or less shares or none at all, I will update monday night as to what took place.
Talk to you then, and feel free to leave your comments.
BRADY
As for my first trade, I will be buying 475 shares of MDOR tomorrow morning. That will be a total cost of 399.50. I have an E*TRADE account and my commission is $10 per trade which is added into the total cost. It closed at .82 on Friday. If I purchase more or less shares or none at all, I will update monday night as to what took place.
Talk to you then, and feel free to leave your comments.
BRADY
Thursday, June 18, 2009
Watch Me Make $1,000,000 Trading Penny Stocks!
Hello, my name is Brady, and I am from a tiny community in Louisiana called Hicks. I am on a quest. A quest to find out if I have what it takes to earn $1,000,000 trading PENNY STOCKS. Go ahead and laugh! I don't blame you. I have a high school education, I'm a truck driver by trade, and have only recently started using the stock market to earn extra income. I intend to earn $1,000,000 trading penny stocks and sharing my progress with you every step of the way. You will see all of my trades listed right here in this blog as I make them. I will do it with only 20% gains per trade.
I have never read "Trading for Dummies" or any other book on the subject. I am simply going to use common sense and my better judgement to make my trades in hopes that other "would be" investors can see that anyone can make it in the stock market.
Let this be my disclaimer: I do not hold any kind of license except a class A CDL drivers license. I am in no way suggesting that you invest in any stock I list, or mention in my blogs. The only purpose of this blog is to help encourage anyone considering investing in penny stocks. If you invest in any stock mentioned in this blog, you do so with the understanding that you could lose all of your money, and you alone are responsible for the decisions that you make. I AM A TRUCK DRIVER not a financial advisor! I have not been paid in any form or fashion to promote any company listed in this blog. I invest based on personal research in various forms. Do your own research before investing in any stock.
Ok, now that that is out of the way lets get started.
I bought my first stock in Jan 2009. I opened a securities account with E*TRADE, deposited $500 into my new account and my first stock purchase was 1000 shares of SIRI at .07, and I sold it at .38 (I'll let you do the math). I was pretty excited about this since I had never bought a stock before. I then started buying other Penny Stocks like crazy. Some of them actually paid off. Some I am still sitting on and waiting for them to turn a profit. Some of them havn't even moved. One in particular went bankrupt 3 days after I bought it. THEN I started doing my research.
I have learned much in the past six months. VERY MUCH!
I began looking for help online. I googled "penny stock picking services" and the information out there blew my mind. The number of "penny stock picking services" on the internet is rediculous.
I started watching a couple and found that they were pretty trust worthy. I made my first trade based on their recommendations and made a nice profit, so I tried them again. Once again I made a nice profit. Honestly I felt like I was cheating.
I decided to try another that I was watching for a few weeks, and made a profit again. I have one thing in mind when I invest in a stock, and that is to make money! I buy a stock with a plan, and no matter what I stick with my plan. Good or bad. I'm there to make money. I am not greedy! Greed is what kills most people in the stock market. It is a must that you be level headed. Buy with a plan, and stick to it.
Here is my plan. I read my emails from my stock picking services in the evening. I do my research on each pick that they send me. I then decide on my own which one looks the best, and try to purchase it in the extended hours trading. If I can't buy it in the extended hours, I will try to get it in the first few minutes of trading in the morning. If I cannot buy it quickly, I turn off my computer and walk away. I do not keep trying to purchase it. If you do that, you end up buying it to high and then your profits are minimal. Just walk away. You will have another opportunity tomorrow.
Once I get into a stock I am only there for a 20% gain, and then I'm out. Sometimes that is hard to do, especially if the stock is moving up really fast with good volume. You can set your triggers if you wish to, but I prefer to sit and watch it all day if I must. That is my money, and it is my resposibility to be sure it sells when I want it to sell. I do not trust my triggers to do it for me. Not on penny stocks. I will use them on stocks that are not so volitile, but when it comes to penny stocks things can happen to fast.
Anyway, I invite you to watch my success or failure as I trade my way to $1,000,000 starting with only $400. I will list in this blog different stocks to add to your watchlist. I will try to do this on a daily basis. I will be investing in the stocks that have and "*" beside them. I will only stay for a 5%-20% gain. No more. After each trade I will tell you how many shares I bought, and what the end result turns out to be. I will do this until I reach my goal, or all my money is gone. It should be fun to watch either way.
Wish me luck, and I'll be starting my journey to $1,000,000 by July 1, 2009. Watch for my updates!
BRADY
I have never read "Trading for Dummies" or any other book on the subject. I am simply going to use common sense and my better judgement to make my trades in hopes that other "would be" investors can see that anyone can make it in the stock market.
Let this be my disclaimer: I do not hold any kind of license except a class A CDL drivers license. I am in no way suggesting that you invest in any stock I list, or mention in my blogs. The only purpose of this blog is to help encourage anyone considering investing in penny stocks. If you invest in any stock mentioned in this blog, you do so with the understanding that you could lose all of your money, and you alone are responsible for the decisions that you make. I AM A TRUCK DRIVER not a financial advisor! I have not been paid in any form or fashion to promote any company listed in this blog. I invest based on personal research in various forms. Do your own research before investing in any stock.
Ok, now that that is out of the way lets get started.
I bought my first stock in Jan 2009. I opened a securities account with E*TRADE, deposited $500 into my new account and my first stock purchase was 1000 shares of SIRI at .07, and I sold it at .38 (I'll let you do the math). I was pretty excited about this since I had never bought a stock before. I then started buying other Penny Stocks like crazy. Some of them actually paid off. Some I am still sitting on and waiting for them to turn a profit. Some of them havn't even moved. One in particular went bankrupt 3 days after I bought it. THEN I started doing my research.
I have learned much in the past six months. VERY MUCH!
I began looking for help online. I googled "penny stock picking services" and the information out there blew my mind. The number of "penny stock picking services" on the internet is rediculous.
I started watching a couple and found that they were pretty trust worthy. I made my first trade based on their recommendations and made a nice profit, so I tried them again. Once again I made a nice profit. Honestly I felt like I was cheating.
I decided to try another that I was watching for a few weeks, and made a profit again. I have one thing in mind when I invest in a stock, and that is to make money! I buy a stock with a plan, and no matter what I stick with my plan. Good or bad. I'm there to make money. I am not greedy! Greed is what kills most people in the stock market. It is a must that you be level headed. Buy with a plan, and stick to it.
Here is my plan. I read my emails from my stock picking services in the evening. I do my research on each pick that they send me. I then decide on my own which one looks the best, and try to purchase it in the extended hours trading. If I can't buy it in the extended hours, I will try to get it in the first few minutes of trading in the morning. If I cannot buy it quickly, I turn off my computer and walk away. I do not keep trying to purchase it. If you do that, you end up buying it to high and then your profits are minimal. Just walk away. You will have another opportunity tomorrow.
Once I get into a stock I am only there for a 20% gain, and then I'm out. Sometimes that is hard to do, especially if the stock is moving up really fast with good volume. You can set your triggers if you wish to, but I prefer to sit and watch it all day if I must. That is my money, and it is my resposibility to be sure it sells when I want it to sell. I do not trust my triggers to do it for me. Not on penny stocks. I will use them on stocks that are not so volitile, but when it comes to penny stocks things can happen to fast.
Anyway, I invite you to watch my success or failure as I trade my way to $1,000,000 starting with only $400. I will list in this blog different stocks to add to your watchlist. I will try to do this on a daily basis. I will be investing in the stocks that have and "*" beside them. I will only stay for a 5%-20% gain. No more. After each trade I will tell you how many shares I bought, and what the end result turns out to be. I will do this until I reach my goal, or all my money is gone. It should be fun to watch either way.
Wish me luck, and I'll be starting my journey to $1,000,000 by July 1, 2009. Watch for my updates!
BRADY
Subscribe to:
Posts (Atom)
Posts
