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Add You - The Man Who Turned a $15,000 Trading Account Into $3.3 Million and The Lessons I learned From It
Do you need an SEO company for your traffic campaign? The answer is it depends? I'll attempt to be as objective as possible and leave you with the option of making an informed choice of what is best for your business.If you have tons of cash to spare, go for an SEO company. The good ones will really give you some return on your investment. This is because they will go through the right process and ensure they set your website on the right footing.And once anyone puts a site in good standing with Google especially, they can expect to get good results over time.However, if you have a more dow
Controversy has long been the secret weapon of experienced marketers. They know that word of mouth spreads the quickest when there is a developing controversy. For this reason you will see Madison Avenue advertising agencies using controversial topics and images to promote their customers products.Movies such as Borat rely on the power of controversy. By creating a fictitious character and inserting him into the lives of unsuspecting people, the movie quicky created a debate among viewers over the ethics of the producer.While the ethics of the producer are being debated, millions of movie goers
"MARK, I am no fool. I know I was just plain lucky. I don't have magical system. I am not privy to insider information. I merely gambled BIG on the right stocks at the right time. It was no different than winning the lottery. I seriously doubt I could ever repeat it."
Obviously my first question was:
"How did you manage this? What stocks did you trade and why?"
Here's what floored me. But it shouldn't have done so. His massive wealth creating principles are exactly what the big stock traders throughout history have been preaching for years.
Here's how he did it:
1) In 1999 in the final leg of the run-away bull market "bubble" he opened a trading account with just over $15,000. Simply because all his co-workers/friends/family/neighbors kept telling him how much easy money was being made in the stock market. He had never read any books or bought any systems. Never attended a seminars. So he was lucky in that his head was not filled with the B*S* most spill out.
2) He attended a few stock market chat boards and everyone seemed to be excited about a stock called Microstrategy. It was trading at about $10 and he made his mind up that if it rose to $14 he would buy. "Made sense to buy a rising stock" he told me. The stock hit $14 in no time so he bought 1,000 shares at $14.50. He took a deep breath and held on.
3) The stock kept going up 15%,25%+ in a week hardly ever stopping. It made me laugh how much easy money I was making. People kept telling me to get out as the stock rose but I figured if it fell by XX% I would exit then. As the stock kept rising and rising way beyond what anyone ever thought possible I made a decision that if the stock made it to $290 I would exit. No question asked. A few weeks later it did and I sold out. I now had an account size of $290,000 from a starting capital of $15,000.
4) "I thought this was too easy" Boy was I right. I then made another 5 trades and lost on everyone. Qcom, YHOO, AMZN were some of the stocks people kept telling me were going to go up big. but I lost thousands of dollars on each one of them. My $290,000 account was whittled down to $245,000. I decided to withdraw$45,000 and leave the rest in until the general conditions improved. I took a long vacation to Hawaii with my profits. How sweet.
5) I never traded for over 2 1/2 years.... I only wanted another exciting stock like Microstrategy. Going for small 15%- 20% profits seemed like a waste of time to me. I wanted a big, huge, winner or nothing. then in July 2003 a stock called TASR seemed to fit this bill. There was a lot of excitement. The stock was flying up. People were buying in and the market conditions seemed much more positive. I decided if the stock rose to $12 I was going to buy with all my account. I was only playing with "house money now" and I was prepared to risk it big to win big. I bought 16,600 TASR at $12....boy was a nervous wreck for a few days as the stock "gyrated". THEN it took off. Just like Microstrategy did. It seem
There are times during a presentation when you really do not know the answer to a question posed to you. What do you do? Do you look at the person with killer eyes? Do you sweat and say errrrr…At this moment, the key is to be honest. However, admitting, “I don't know”, in response to a direct question from the audience can ruin you immediately. What we want to do is to maintain credibility and integrity. Remember, no one can know the answer to every question. The audience does understand. It is how such situation is handled that separates great presenters from the amateurs. I have identified the follow
Here's how he did it:
1) In 1999 in the final leg of the run-away bull market "bubble" he opened a trading account with just over $15,000. Simply because all his co-workers/friends/family/neighbors kept telling him how much easy money was being made in the stock market. He had never read any books or bought any systems. Never attended a seminars. So he was lucky in that his head was not filled with the B*S* most spill out.
2) He attended a few stock market chat boards and everyone seemed to be excited about a stock called Microstrategy. It was trading at about $10 and he made his mind up that if it rose to $14 he would buy. "Made sense to buy a rising stock" he told me. The stock hit $14 in no time so he bought 1,000 shares at $14.50. He took a deep breath and held on.
3) The stock kept going up 15%,25%+ in a week hardly ever stopping. It made me laugh how much easy money I was making. People kept telling me to get out as the stock rose but I figured if it fell by XX% I would exit then. As the stock kept rising and rising way beyond what anyone ever thought possible I made a decision that if the stock made it to $290 I would exit. No question asked. A few weeks later it did and I sold out. I now had an account size of $290,000 from a starting capital of $15,000.
4) "I thought this was too easy" Boy was I right. I then made another 5 trades and lost on everyone. Qcom, YHOO, AMZN were some of the stocks people kept telling me were going to go up big. but I lost thousands of dollars on each one of them. My $290,000 account was whittled down to $245,000. I decided to withdraw$45,000 and leave the rest in until the general conditions improved. I took a long vacation to Hawaii with my profits. How sweet.
5) I never traded for over 2 1/2 years.... I only wanted another exciting stock like Microstrategy. Going for small 15%- 20% profits seemed like a waste of time to me. I wanted a big, huge, winner or nothing. then in July 2003 a stock called TASR seemed to fit this bill. There was a lot of excitement. The stock was flying up. People were buying in and the market conditions seemed much more positive. I decided if the stock rose to $12 I was going to buy with all my account. I was only playing with "house money now" and I was prepared to risk it big to win big. I bought 16,600 TASR at $12....boy was a nervous wreck for a few days as the stock "gyrated". THEN it took off. Just like Microstrategy did. It see
Web statistics can be as confusing at first, as they are informative. As a business owner, when it comes to advertising, it’s important to know website stats. Here’s some basic information to differentiate unique visitors and visitors, page views and hits.Advertisers and AdvertisingAdvertising is an important and necessary way to get new and even established businesses seen. Deciding who to advertise with can make a difference. When offering advertising space, or considering the purchase ad space from someone else, it’s important for both parties to be aware of the unique visitors, visitors and pa
3) The stock kept going up 15%,25%+ in a week hardly ever stopping. It made me laugh how much easy money I was making. People kept telling me to get out as the stock rose but I figured if it fell by XX% I would exit then. As the stock kept rising and rising way beyond what anyone ever thought possible I made a decision that if the stock made it to $290 I would exit. No question asked. A few weeks later it did and I sold out. I now had an account size of $290,000 from a starting capital of $15,000.
4) "I thought this was too easy" Boy was I right. I then made another 5 trades and lost on everyone. Qcom, YHOO, AMZN were some of the stocks people kept telling me were going to go up big. but I lost thousands of dollars on each one of them. My $290,000 account was whittled down to $245,000. I decided to withdraw$45,000 and leave the rest in until the general conditions improved. I took a long vacation to Hawaii with my profits. How sweet.
5) I never traded for over 2 1/2 years.... I only wanted another exciting stock like Microstrategy. Going for small 15%- 20% profits seemed like a waste of time to me. I wanted a big, huge, winner or nothing. then in July 2003 a stock called TASR seemed to fit this bill. There was a lot of excitement. The stock was flying up. People were buying in and the market conditions seemed much more positive. I decided if the stock rose to $12 I was going to buy with all my account. I was only playing with "house money now" and I was prepared to risk it big to win big. I bought 16,600 TASR at $12....boy was a nervous wreck for a few days as the stock "gyrated". THEN it took off. Just like Microstrategy did. It see
Kids love these glow-in-the-dark sticks. Especially after dark. They can wave them in the air, connect them together to make bracelets or necklaces. Kids cannot resist themThey are little tubes filled with a flourescent gel. When the sticks are bent, the internal lining is broken activating the flourescent light. They glow for about 6 hours and come in 5 or 6 different colors. Most packages also come with connectors so that the kids can create bracelets and necklaces with the glow sticks.Glow sticks are a great little money maker. You can sell them for fundraisers or to put some money in your pock
4) "I thought this was too easy" Boy was I right. I then made another 5 trades and lost on everyone. Qcom, YHOO, AMZN were some of the stocks people kept telling me were going to go up big. but I lost thousands of dollars on each one of them. My $290,000 account was whittled down to $245,000. I decided to withdraw$45,000 and leave the rest in until the general conditions improved. I took a long vacation to Hawaii with my profits. How sweet.
5) I never traded for over 2 1/2 years.... I only wanted another exciting stock like Microstrategy. Going for small 15%- 20% profits seemed like a waste of time to me. I wanted a big, huge, winner or nothing. then in July 2003 a stock called TASR seemed to fit this bill. There was a lot of excitement. The stock was flying up. People were buying in and the market conditions seemed much more positive. I decided if the stock rose to $12 I was going to buy with all my account. I was only playing with "house money now" and I was prepared to risk it big to win big. I bought 16,600 TASR at $12....boy was a nervous wreck for a few days as the stock "gyrated". THEN it took off. Just like Microstrategy did. It see
There are several UK-based companies which have successfully integrated their smart technical textile technology into clothing and other consumer softgoods -- including bags and backpacks.The most prominent companies in this field are Auxetix, d3o lab, Eleksen, Engineered Fibre Structures, EXO2, Fibretronic and Peratech. Many of these are small and were formed through close alliances with academic institutions. Products made by three of these companies are being designed to interface with software from Microsoft and iPod music players from Apple.The companies’ products are being sold under well kn
6) I simply trailed my exit behind the closing price. Giving it enough leeway to avoid being exited through natural gyrations. In April 2004 I was exited at $290. I sold 10,000 shares at $290 for $2.9 MILLION. Coupled with my 6,600 I sold for $396,000 it meant my account was now at: $3,296,000 Million And that's how I did it.
It's an amazing story. But here are the points you can really take home in the hope of achieving something similar one day:
1) He went for the truly big moves with big capital. there was no "diversification" here.
2) Luckily, he got into the truly biggest movers of that market cycle.
3) He held on for big profits. Most people make a quick 20% (+/-) profit and exit... Imagine missing out on these huge gains because you took a small, quick profit?
4) He made his money during bull markets. Lost it during bear markets. But at least he kept away from the worst of the bear markets.
5) He traded without fear. Scared money can't make big money in the stock market.
6) Absolutely no fancy computer driven trading system that costs thousands of dollars needed.
7) His exit strategy was simply driven by PRICE...No-one opinion was followed.
8) It's better to be lucky than smart.
What he actually did was exactly what Jesse Livermore/Darvas etc.. have preached for many years.
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