SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: Ward Nicholson who wrote (1395)6/29/1999 11:03:00 PM
From: russet  Read Replies (1) | Respond to of 2259
 
This may qualify for this thread. And then again it may not,...but it is a position.

9 f@@c$ing months ago the miserable ba%$ar# bank I was dealing with kicked me out of their mutual funds because I traded my position daily and made one hell of a lot of money. I was set adrift into the world of stocks, and lost lots in the first 6 months. I have lately adopted a stagedy that may help some of you.

I look at a stock and do lots of DD. If I like it I buy 1000,..10,000 shares depending on the price and wait for the thing to rise 15 to 20%. Then I sell about 90% of the shares so that the shares that are left are freebies. I now have a lot of freebies and am starting to make some big money. It does take time and patience.

My DD does include a lot of work and expense. I attend many stock conferences and AGM's. These are deductible expenses on my tax form. But after all this DD I find stock that seems to me to be undervalued. Those are the ones I buy.

It's not daytrading, but it has been proven to be profitable for the last few months.

I value all your comments on this thread, and hope some of you profit from these comments.

russett