Success...success...success - Aussie Stock Forums

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  1. #1

    Default Success...success...success

    Hey ! all you stock market elitists out there, I,m always intrigued by success stories.....How about sharing your story with us all.....you know, when you had the most memorable day on the market which put you on "cloud nine " for a week.
    Paint a picture for us....Your theory, strategy, plan of action and execution etc.etc.
    It sure as hell will break the monotony of the markets at the moment.
    We may even pick up a pointer or two !!!

  2. #2

    Thumbs up Re: Success...success...success

    1st week of trading (self taught) I invested in PNO @ 2.6 cents ($4,703), on this annoucement New Discovery "Tripeptofen"... the next day it sky-rocketed and I sold out @ 8.6, $15,461

    Total profit $10,758 for less than 24 hours work...too easy!

  3. #3

    Default Re: Success...success...success

    Now thats what I call a great start to an investing career.

    This no doubt "hooked" you to keep going but would be interesting to know how many first time investors who lost big time at their first tilt and therefore gave up on an investing all together.

    The very first investing experience (profit or loss) must have a big influence on the stayers and leavers.

  4. #4

    Default Re: Success...success...success

    Quote Originally Posted by dutchie
    The very first investing experience (profit or loss) must have a big influence on the stayers and leavers.
    Topped the state in the Securities Institutes Technical analysis diploma(1996).

    Thought I was a genius and promptly lost $24,000 in 8 mths.
    Took 4 yrs longer to understand what ensures profits.
    350% on capital invested over the last 3 yrs has been great.
    So learning the benifits of trading a tested methodology has been a great success------keeps you disiplined.
    UTB has returned more than my initial losses as a genius and its still open,Bought at $3.63

    Best investments have nothing to do with trading.

    Long holds in property started in 97 now hold 10 value
    $2.7 mill
    owing just over $1mill.

    Doubt that my trading will ever exceed that.

    Should mention that was close to bankruptcy in 83 and again in 93,things were so bad I had to pay wages (2 employees then) from project deposits!

    But hell lifes a great journey!!!

  5. #5
    DTM's Avatar
    Join Date
    Dec 2004
    Newington, Sydney

    Smile Re: Success...success...success

    Quote Originally Posted by whisky6210
    How about sharing your story with us all.....you know, when you had the most memorable day on the market which put you on "cloud nine " for a week.
    First foray into the market was with my manager at work. He plays the share market and I was new to it. He told me that he had a friend of a butcher, whose client was a secretary at a Biotech company, told him that the share price was going to rocket because of their new technology. My manager and I checked the price and sure enough it was rocketing up. We ummed and erred until we decided to buy. As soon as we bought, the price dropped. We bought at 2.42 and averaged all the way down to 1.30 two weeks later. It went down to 1.02 before we sold. As soon as we sold, the price bounced back up again. Not exactly cloud nine but a good lesson in how to turn 20k into 10k with relative ease.... Buy high and sell low....

    Then there was my NAB call options (November last year). It had 25k profit in them with 4 days before expiry. I was so proud of my accomplishment that I printed the statement out so that I could adorn my wall with it (alarm bells were ringing in my head at this point - "don't jinx it"). Within a matter of days, the 25k profit turned into a 15k loss. I still don't know how I did it but I'm sure if you try hard enough, anyone could do it.

    My best trade to date was last month. Three days before expiry for options, the RIO share price had been dropping 3 to 4 days in a row. On the Tuesday before the thursday expiry, RIO had been steadily declining all day. I bought 40 contracts for 4k at the close. The very next day, RIO started going up, up and up. I sold 20 contracts for 8k and took back my initial investment plus 100% profit (worst case scenario if RIO dropped down again). I sold the next 10 contracts for 8k before the price started ranging and in the last 30 minutes before close, it spiked again. I sold the last 10 contracts for 10k, so overall, I invested 4k and received 26k in return. 22k profit in two days trading. Looking back, I should have been able to get at least 30k profit out of a potential 40k return if I had played it better. Then again, I'm not complaining, the poor guy who bought the option from me would have lost 50% of value because the next day (expiry day), the price dropped 50 cents.

  6. #6

    Default Re: Success...success...success

    I entered the stock market just before the tech wreck of 2000. Bought CMZ for 45c and sold for less than 1 cent! (post share consolidation and renaming to EGI)...didn't stop me from keeping in the market and I made back my several thousand dollar losses very quickly in 2001.

  7. #7

    Default Re: Success...success...success

    I've had a bit of both results.

    I was playing with mul for ages before it skyrocketed. Buy at .2c sell at .3c and do it all over again... I think I got off at about 5c. NLX was another I did that with.
    got burned with ANM from about 27c they now hover under 2c.


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