Stock Trading $$$ 3 Million Retirement Challenge

[shamhawks]

I'm not really looking for a % or dollar amount on any individual trade. I do have a goal of 10% gain for my weekly total.

I mostly trade based on the charts and will get in and out when the chart tells me too. This is a fairly new concept to me as during this past year, held stocks way too long.

Especially, the OTC's. I have sticky on my computer. All it says is "Don't fall in love with stocks" This allows me to take emotion out of trading. It's still a work in progress :)

[shamhawks]

I'm with you.

My absolute #1 goal is to get my Day Trader Status back. That is the main reason i'm not officially starting this challenge until the new year. $2500 to go. That's just 3 ticks on that damn EXMT I own. It came to life a little on Friday but not holding my breath going forward.

Take Care

[shamhawks]

Great post...Thanks for sharing.

[shamhawks]

Thank you. Wow $2500 to 60k....nice.

I'm playing both OTC and BB's right now, but agree with you and OTC is why my account took such a hit this past year. I'm still long on a few OTC's but starting to trade more bb's (mainly day trading) I'm going to tray and keep 20% of my money set aside for day trading.

[Papa Bear]

Great board with a unique concept .... lets get more folks involved here .... TAKE THE RETIREMENT CHALLENGE!!!!!

[bra1loga]

Board marked and will be watching. Are you sticking with bb stocks or playing OTC? I've found that you stay in the game longer with bb stocks but that's my opinion. Back in 2006 I started with 2500$ and turned it into 60k in 1 year. My biggest mistake was to sell my 10,000 shares of ford when it was a little over a dollar back then for peanuts because today I'd be looking great!
Are you looking for a dollar amount or percentage per trade ?

[DTGoody]

I basically am in EWRL / Cirque Energy as my main stock.

I got 500K of ACDU, but I am currently down Big on it. I'm Hoping for a reversal soon on news. It could go very big if what the company is saying can be confirmed to be for Real?

Looking at some other plays at the moment, but not in anything else at the moment.

[TenTimesPay]

Yeah the goal is more comprehensive, my "nest egg" is split between different things, like yours, but Cirque Energy/EWRL plays a huge role. I will transition to ETFs when I get a larger stash. Let's stay in touch, GLTA!!

[shamhawks]

Thanks for checking it out. Nice with EWRL. that will put you just about at your goal all alone :)

[TenTimesPay]

Just followed the board, great concept. I'm with you on the goal and, oddly enough, have almost the exact same goal!! 3.5 Mil in the next 24 months. My plan involves some waiting. Lol. I have 3 Million shares of EWRL and I am fully convinced it will break a dollar.

[shamhawks]

Week results + $1290...6.08%

Not too bad considering that i haven't officially started the challenge yet and working on some things.

Current Long holdings
EXMT...This was one of my biggest mistakes of the year. still has a chance, but i'm down huge on this one

MINE...Appears good company, with fairly new business plan and starting to generate revenues.

EWSI....I reall like what i see hera, seems to be run great and transparent. Currently up about 25% in my investment on this one. in a current pullback, but quarterly should be out on Mon/Tue

Nothing too special for the week. Just picked up PHOT on Friday when it bounced off the 50 day when there was a shakout over their quarterlry.

My big mistakes for the week is trying to get too cute with shorting wome stocks in an uptrend. I have to go with the trend. going against is just a bad idea for the most part.

Have a great Weekend!!!

I currently don't have any followers, but that's okay as this will be my journal to look back on anyway and i'm not really into promoting myself.

For those of you that are now following me and catching up on my posts, Take care and welcome to the board. Feel free to comment or critique. Whatever you do, don't take my posts/oppinions as any financial/stock trading advice as i'm just trying to figure it out as well :)

[shamhawks]

Thanks for stopping by.

I added the Weekend Warriors to my list. Looks like a great board and i will stop by from time to time.

[Papa Bear]

Hey bud .... was just checking out your board to see what you have going on. Have you marked .... if you get the chance this weekend, please stop by the Weekend warrior$ board to promote your board.

I will not be over there until late Saturday but if you want to promote your board ... then you might as well do it on the #1 weekend board on IHub!

Stop by to promote your board and let the warriors see what your board has to offer

Have a great weekend!

WW Board Link: investorshub.advfn.com/Weekend-Warrior$-27071/

[shamhawks]

Sometimes you have to be lucky. Well....we will see

My big board day trades haven't really gone anywhere to speak of this week, but i was looking at watchlists and seen that PHOT was down 35% for the day, looked at the chart and it was @ .065 right at the 50 day moving average and didn't hesitate, bought 50k shares (wish more now) and it bounced nicely and it's at .086 (33%) for the day. the only problem is i'm out of day trades, so i need to sweat the day and hope it continues to bounce, but is always nice to be up 33% in about 30 minutes :)

[shamhawks]

AFOP. Minimal gain for swing trade. didn't gap up and had to get out right away.

I had 3 stocks picked for my swings yesterday

SCTY: huge gap
ONVO: Nice gap

Either one of those would have been at least a 1k profit swing trade, but of course the one i go with didn't do crap :)

[shamhawks]

Welcome. Although this challenge won't officially start until the first of the year. I will be posting and trading prior to that to work out some things and get my ducks in a row for the upcoming journey.

I'm in AFOP for Swing trade 450 shares @ 15.34

Almost perfect entry point. just a few cents from the bottom and hope for that perfect exit point as well :)[img][/img]