Chicago457
New Contributor
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Value/Post Ratio
22%
- Nov 21, 2012
- 41
- 9
I decided I wanted to play around in the stock market. I was completly new to stocks (still am learning). Many say you need 10k minimum to invest in stocks. This is not true. You can register with discount brokers $3.99 trades, free trades, etc.
So to start off I have always had much interest in investing but zero experience with stocks. I wanted to experiment with a relatively small ammount of money. After a profitable concert I invested in payed off very well for me. Rather than putting all the money in my regular accounts or spending it, I created a fidelity account (now have switched due to lower fees) and put $1000 in.
Knowing that I only had $1000 and fidelity charges a $7.99 fee every trade and also knowing that most stocks go up slowly I came up with a rather differant way of investing.
I invested in stocks immediatly after very bad news was released and the price drastically droped/Bio-tech stocks that had new drug results waiting to be released. For example temper pedic dropped to less than 20% of its week before price. I bought a few hundred dollars worth of its shares. I sold these shares later at 35% above my purchase price.
I invested in ZOLT after it crashed and sold the shares at a 40% profit. I than re-bought Zolt when it wen't back down to $8.00. Now it is at a %14 loss. But even with this loss my gains from the prior sale of ZOLT still make up for it. I predict ZOLT will come back to life and raise to roughly $9.50 in the near future in which time I will sell again at a profit.
I than invested in PPHM at .86 and sold at 1.39 I made some decent money on this one. I see the potential in many bio-tech stocks to be very lucrative.
My new investment is in ONCS which I bought at .282 and is now at .292 This company has zero profits so many may be hesitant to invest. I invested in it due to a prediction that when its next drug goes to trial and shows success the stock price will jump drastically and I will make out at a very lucrative profit.
Many may say this tactic is risky. I disagree due to spreading out the investment and looking at risk to reward on a multiple stock scale as a safety net for if one goes bad the other lucrative gains will back you up. One guideline I use is I look at the companies assets and if they have enough cash to debt that I believe they will not go bankrupt I see the potential for lucrative profit and I invest.
Right now my portfolio has increased at over 30% in less than a year. If I had put 100k in I would have made 30k profit in less than a year. Not bad.
So to start off I have always had much interest in investing but zero experience with stocks. I wanted to experiment with a relatively small ammount of money. After a profitable concert I invested in payed off very well for me. Rather than putting all the money in my regular accounts or spending it, I created a fidelity account (now have switched due to lower fees) and put $1000 in.
Knowing that I only had $1000 and fidelity charges a $7.99 fee every trade and also knowing that most stocks go up slowly I came up with a rather differant way of investing.
I invested in stocks immediatly after very bad news was released and the price drastically droped/Bio-tech stocks that had new drug results waiting to be released. For example temper pedic dropped to less than 20% of its week before price. I bought a few hundred dollars worth of its shares. I sold these shares later at 35% above my purchase price.
I invested in ZOLT after it crashed and sold the shares at a 40% profit. I than re-bought Zolt when it wen't back down to $8.00. Now it is at a %14 loss. But even with this loss my gains from the prior sale of ZOLT still make up for it. I predict ZOLT will come back to life and raise to roughly $9.50 in the near future in which time I will sell again at a profit.
I than invested in PPHM at .86 and sold at 1.39 I made some decent money on this one. I see the potential in many bio-tech stocks to be very lucrative.
My new investment is in ONCS which I bought at .282 and is now at .292 This company has zero profits so many may be hesitant to invest. I invested in it due to a prediction that when its next drug goes to trial and shows success the stock price will jump drastically and I will make out at a very lucrative profit.
Many may say this tactic is risky. I disagree due to spreading out the investment and looking at risk to reward on a multiple stock scale as a safety net for if one goes bad the other lucrative gains will back you up. One guideline I use is I look at the companies assets and if they have enough cash to debt that I believe they will not go bankrupt I see the potential for lucrative profit and I invest.
Right now my portfolio has increased at over 30% in less than a year. If I had put 100k in I would have made 30k profit in less than a year. Not bad.
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