I day trade, and have found it fairly profitable, but recently have not seen many stocks that are fit for day trading. Do you have any suggestions. I am willing to make substantial investments.
2007-03-12 04:15:20 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
Remember back in the 1990s when a lot of people either retired early or became wealthy? It was relatively simple. With stock prices going up, up, up, I knew a lot of people who simply invested part of their paychecks. They ended up with several hundred thousand dollars in profits from their constantly rising stocks.
I knew others who had already amassed several hundred thousand by the time the stock boom came along. They were millionaires by the time the 1990s ended.
Ah yes, those were the days. Today it's a lot harder. Stocks don't seem to do much any more. You have to invest in risky emerging countries to see much return. And that chance can evaporate overnight taking your money with it.
When the stock market won't bring you any return, most people turn to real estate. But housing prices have peaked in most cities, meaning you can't just buy a house and sit on it for several years to earn a fat nest egg.
So does that mean we have to give up on ever getting ahead and just learn to be satisfied living the average life our jobs can provide?
Not necessarily. These days you have to think differently to get ahead. For example, you've noticed how manufacturing and jobs are heading out of North America to foreign countries. That's bad news for many workers, but it's GREAT news for some segments of the Foreign Exchange Market.
You see, when we buy products from China, or Japan ships products to England, all kinds of currency has to change hands and be converted. There is BIG money in that process.
FOREX, the foreign exchange market, handles 2 TRILLION in transactions EVERY DAY. That's far more money than what Wall Street handles. Just about anybody can jump in and pull out quite a profit for themselves by participating in the FOREX process.
Does all this sound a bit new to you? Most North Americans have heard very little about FOREX. They've got BILLIONS of dollars sitting in savings accounts and low yield investments that could make them a LOT more money in the Foreign Exchange Industry.
Check out the FreedomRocks free trial at http://www.yourforexinvestor.com
I would also look at http://www.babypips.com
Send me an e-mail and I will be happy to share my P/L spreadsheet with you from the last 500 days. I have gained anywhere from 12-35 % compounded monthly on average for the past 500 days using the FR system.
To Your Success,
Brandon Wells
877-773-5345
http://www.yourforexinvestor.com
2007-03-12 04:35:59 · answer #1 · answered by yourforexinvestor 2 · 1⤊ 1⤋
I don't know about the " day trading" but I've been in a couple of "refiners" for a little over a week...and nothing but UP....even today with crude prices down...look at TSO and FTO...maybe wait for some kind of dip...haven't seen one yet..but if they do... get in for a couple of days.....gasoline prices are going up ...simple as that.
2007-03-12 13:51:47 · answer #2 · answered by jebediabartlett 6 · 0⤊ 0⤋
how about sndk or ovti? may be not for day trading but i believe it will give a big return in a year.!!!!
2007-03-12 18:12:47 · answer #3 · answered by wirehahn 1 · 0⤊ 0⤋
MTTG is a good one for a swing trade. AGNM maybe a good one for a swing also.
2007-03-12 18:32:59 · answer #4 · answered by franksprung 3 · 0⤊ 0⤋
y not my frnd
2007-03-12 11:35:31 · answer #5 · answered by boo v 1 · 0⤊ 0⤋