Anyone here successfully play(ed) the stock market?

[zCypher]

Have you?

Curious, would be interesting to do.

 

[Imported]

In class project last year for econ, I went from $50k to over $200k in 8 weeks time.. Nevertheless, I got damn lucky and would never do what I did in real life.. :Q

 

[zCypher]

shite... what's the min amount of moula you can put in (is there a min?)?

 

[Imported]

I don't think there's a minimum. For most mutual funds though, there usually is a minimum.

If you invest big, you can win big.. or lose big. :\

 

[Semper Fi]

Yes. I started middle of last year and doubled my $$$ plus some.
At one point I had tripled my money, but sold at the wrong time 🙁.
Still learning alot, the best advice I've received is to have a plan before you buy any stock.
Have your entry and exit points (for profit and loss) established.
And don't use your grocery money. 😀

 

[Rudee]

Hell yeah. I was purchasing Nortel by the boatloads back in Sept when everyone else was selling it. Since then it's rebounded 350% and I'm doing extremely well.

 

[pyonir]

Yep. doubled my money so far.

 

[boi]

Shyt guys!! How did you guys get 200-300% gains???! Ive been at it for a few years now and I have only made 15% in those years. Dang NVDA =(

 

[Rudee]

Originally posted by: guapo337

Originally posted by: Rudee
Hell yeah. I was purchasing Nortel by the boatloads back in Sept when everyone else was selling it. Since then it's rebounded 350% and I'm doing extremely well.

how much is a boatload?


specificlly, how many boatloads?

what kind of car do you drive?

I currently own 4500 shares of Nortel alone. The average of my fills was .90 CDN. It closed at $3.67 CDN Friday. I also own shares in Bombardier, CAE, TD Bank, ATY (ATI Technologies) and Royal Bank. About $30 in equities alone. Another $55 in Mutual Funds through my retirement account. (RRSP)

I drive a Dakota truck 🙂

 

[Rudee]

Originally posted by: boi
Shyt guys!! How did you guys get 200-300% gains???! Ive been at it for a few years now and I have only made 15% in those years. Dang NVDA =(

If you were following the market in the fall of last year, you would of seen that many equities were near their all time low. Many hit their absolute lows. (eg. Nortel Networks). During a bear market is when you load up on equities because they are cheap cheap cheap. You don't get rich buying stock when the price is rising - because that means everyone else is buying and future profits are diminished. You buy when people are spooked and selling like crazy. If you're patient, you can be rewarded very nicely. I always purchase equities in bad times when outlook is grim and prices are cheap. When everyone else is selling their losses, I'm scooping it up from them at pennies a serving.

During the bull market of the 90's when people were buying at outrageous prices and high PE ratio's, I was waiting silently for the bubble to burst and held onto my money. And when it did I went on the mother of all buying spree's, that today is paying off really nicely for me thanks to this recent stock rally. Patience grasshopper!

 

[wyvrn]

 

[Gnurb]

the stock market played me 🙁

not for too much though.

 

[Maetryx]

Um, huge difference between going bankrupt (bad) and getting bought by another company (good).

I purchased gold mining stocks when everyone else was buying tech. I've done awesome. Gold is way up, and the mining stocks, precious metal mutual funds, and metal index funds are way up with it. It could be time to sell, but I don't think so yet.

The stock market remains overvalued, albeit not as badly has 1999-2000. I'll hold gold for a while longer. I *did* buy some UAL (United Airlines) for $1.45 a share (500 shares).

 

[wyvrn]