what was your account when you first started and where has it taken you?

[armin]

well, ill start this off, i started with 2,000 and quickly built it to 2,200 with my first investment TTWO at the time of release of bioshock and then i drifted a bit and i came back and then i slowly started melting and now im in the red with 900 left................ but most of my investments if i would of held on longer such as CSIQ, NTDOY.PK,SCA,AXTI, SPF,JMBA,KWBT.OB,shrp.pk  and the list goes on i would of been at 10,000 right now but no not Armin. so what was your account when you first started and where has it taken you?

[HELLAS1]

This is very honest of you to go ahead and announce your personal portfolio, I admire that. But I personally will not disclose my balances, although i have no problem speaking percentages. I will say that I started off with $1,000. Now I am well above 1000% gains.

My investment strategies at this point involve much risk. I am 22 years old, and am in the accumulation stages of wealth. All young people must be prepared to take on high risk ventures to earn as much capital as possible. In my case, I made some solid choices on certain stock options that have grown massively. Now that I have a decent amount of money, I will now look to a trustworthy, proven mutual fund or ETF to have as a long term, sure thing for my retirement.

Dont be discouraged Armin, just load up your account with more money. This is probably one of the best times to jump in the market, according to a relative of mine who works at the Board of Trade in Chicago. All these great stocks, who were once goliaths, are now being sold at massive discounts and are near 52 week lows.

Soon, this recession/financials crisis will be over and once the dust settles, all the financial ETFs and stocks will be so cheap, they wont have anywhere to go but up. Think about it; JP Morgan is a goliath company that is trading around $40. Citigroup is the biggest bank in America, and is trading at $20. Merrill Lynch, Goldman Sachs, etc. These are unbelievable stocks which are priced real low now and give excellent returns over time, as well as dividends. I dont believe that the bottom is here just yet, but financials will be hot again.

You just have to know how to ride this volatile market. I have been somewhat fortunate to make good trades, but at the same time I spend my day glued to the stock streamer and monitoring headlines so that I can have control of my trades. I also have set limit orders just in case my investments head south. At night times, I look at the futures and try to gauge how the market will move the next day. The more involved you are, the better decisions you can make. If you cant handle this, then just gather up a lot of money, and dump it in a nice mutual fund and let the experts invest it for you

[armin]

ive made some good investments for a kid who started this at the age of 19 but its a bitch out there, your advice is very good  and has meaning. im sure many other people here are in the red or else they wouldnt be here in the first place i mean come on.  hopefully i'll kick some ass and come back strong with a 1000% gain and never look back at these trouble times im in. to be honest im not a bad trader its rather i dont stick to my original plans and i sell. i hate to be in the red. CITI, WM, all those big banks will bounce back sooner or later we are not exactly at the bottom yet but when we are truly in the bottom id like to ride those mofo's like no other.

[armin]

if its possible if someone is in the red and make's there way into the green  id like for you to share it with me. 6 moths in this crazy market i bet someday maybe like a month i'll come back and stay in the green and win big  and do this as if it were to be nothing i'll be one happy man.... now i just need a miracle to cure my diease that ive suffered for the last 20 years of my life. one at a time

[Dzielak51]

I started with $4,500 and now Im at $3,500

But there were times i would double my money but i had no exit strategy.  It would then start to go down and i would tell myself "it'll go back up, just a bad day", then before i knew it i was back where i started.  The lowest i been was $2,000.  Then i decided i needed to get serious and start educating myself better.  About a month ago i found this site.  Studied some chart strategies and the glossary at www.stockcharts.com.  Then got a couple books on T/A and no i worked my way back up to $3,500.  I had some minimal losses on the way but i learned how to make a plan and stick to it.  There are three strategies i abide by: Having an entry strategy, a how much of a loss im willing to take strategy, and a exit strategy.  I hope one day i can do this as a full time job.  I love trading stocks, and then rush i get from it.  Its alot better then going to a casino and handing your money out.

Honestly i dont see why people would have a problem announcing their portfolio.  It doesnt bother me to tell people ive lost money in the stock market.  I doubt it will shock anybody, lol.

[armin]

thanks Dzielak51  for your reply, i dont see anything shocking about my topic at all, this topic is mostly about how to learn from our mistakes and rise from the red and into the green. yeah your right i feel like a bad ass too when my stocks go up to make 350 in a day, i hope i can turn this into a job and become succesfull and tell evreyone ''yo fa shizle im an investor'' and i make allot of money and say, ''how does it feel to make 7 an hour while i sit on my ass and make 500 to 1000 a day'' it could happen im still in this game and it aint over until the fat lady sings.

[Dzielak51]

thanks Dzielak51  for your reply, i dont see anything shocking about my topic at all, this topic is mostly about how to learn from our mistakes and rise from the red and into the green. yeah your right i feel like a bad ass too when my stocks go up to make 350 in a day, i hope i can turn this into a job and become succesfull and tell evreyone ''yo fa shizle im an investor'' and i make allot of money and say, ''how does it feel to make 7 an hour while i sit on my ass and make 500 to 1000 a day'' it could happen im still in this game and it aint over until the fat lady sings.

Why would you want to rub it in somebodys face?  Thats not right.  I would want to help people and try and teach them how to make the same amount of money instead of making fun of them for making 7 an hour.

And you will never make $500-$1000 a day consistently.  You will have your down days as well.  Take what you can get.

[armin]

i would mostly rub it in people i dont like or have bust my chops over the years, im not hear in this world to make fun of people and say i am better than so and so, there jaws would drop to the floor like a  a person like me who has one of the most rare diseases and uses a wheelchair to get around has made a come back in this world and proves that he is able to do much more than people see him as doing with his life, yeah your right about the 500 to 1000 thing ''you cant allways win'' there will be loses too, thats how this game is, but this is my dream and i must make this happen.

[Greg]

My Two cents..  I'm semi-retired and a consultant when I want to be.  I have two accounts, one is my retirement account which I still funnel money into and don't touch it.  The other is one I started with $1000 and play with.  Now, since I've been playing these pennies and others over time I've managed to increase this amount 10 fold...But, as DZ.... says, sometimes you win sometimes you loose.  We are all gamblers here and hopefully becoming educated gamblers.. I've learn a lot from people on this board, more than I thought I would. Gambling can be fun or a total nightmare.... I'm 58 years old, So I have somewhat of a right to treat myself and if I screw things up, I have that right too...

It's important to understand, most of us arent' master traders, if we were,would we be here airing our laundry... So, my purpose is to have fun, make a little money, and converse with new friends..

Hey if I hit the Lotto, I think I still would be here playing and talking....

As one of my most influential friends once told me, "If you don't laugh at Life, Life will surely Laugh back at you"...

[HELLAS1]

I hate to hear when people think the stock market is similar to gambling; the two worlds are so far apart they are not even worth comparing. You can gamble for ten years and still be a loser, there is a casino after all trying to scam you out of your money. But when you invest PROPERLY, there is no reason why you cant consistently make 10%-15% on your money every year.

If you put $1000 in an account to dump on a penny stock, your better off picking a number in roulette. There could not be a stupider way to invest (lose) money. Instead of following the market trends and placing some put options on financials for example, your out playing with penny stocks  Let me know how that goes...

[armin]

so are telling me youre not in penny stocks? evreything has a risk even good stocks such as QMAR, it usually goes up and drops to what it was in the beginning, are you here to bash penny stocks or what?

[Greg]

I hate to hear when people think the stock market is similar to gambling; the two worlds are so far apart they are not even worth comparing. You can gamble for ten years and still be a loser, there is a casino after all trying to scam you out of your money. But when you invest PROPERLY, there is no reason why you cant consistently make 10%-15% on your money every year.

If you put $1000 in an account to dump on a penny stock, your better off picking a number in roulette. There could not be a stupider way to invest (lose) money. Instead of following the market trends and placing some put options on financials for example, your out playing with penny stocks  Let me know how that goes...

Yea, so your telling me the people in Bear-Sterns and EnRon were investing properly.. come on Wake up, News is the only devistating factor in the Stock Maket beside MM manipulation and misconduct by CEOs. We can't control it no matter how many charts you read.... Now the Government wants to control it... Look what they did in July with the shorts....

So, I gamble on Stocks and don't trust any of them... At least I can get a drink in a casino, a free room, and food...

I said Penny stocks were for fun an laughs... I have Apple, GE, Yamana, and some BP along with mutual funds...

So evidently you take this too seriously and didn't read my final statement.... Please...

Regards

The Gambler..Meet you in the lounge....

[Greg]

I hate to hear when people think the stock market is similar to gambling; the two worlds are so far apart they are not even worth comparing. You can gamble for ten years and still be a loser, there is a casino after all trying to scam you out of your money. But when you invest PROPERLY, there is no reason why you cant consistently make 10%-15% on your money every year.

If you put $1000 in an account to dump on a penny stock, your better off picking a number in roulette. There could not be a stupider way to invest (lose) money. Instead of following the market trends and placing some put options on financials for example, your out playing with penny stocks  Let me know how that goes...

Yea, so your telling me the people in Bear-Sterns and EnRon were investing properly.. come on Wake up, News is the only devistating factor in the Stock Maket beside MM manipulation and misconduct by CEOs. We can't control it no matter how many charts you read.... Now the Government wants to control it... Look what they did in July with the shorts....

So, I gamble on Stocks and don't trust any of them... At least I can get a drink in a casino, a free room, and food...

I said Penny stocks were for fun an laughs... I have Apple, GE, Yamana, and some BP along with mutual funds...

So evidently you take this too seriously and didn't read my final statement.... Please...

Regards

The Gambler..Meet you in the lounge....

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[Chris_Ben]

I am still holding my enron shares.   

[Greg]

GAMBLER!!!!!!!!!!!!!!!!!!!!

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