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iluvfungi



Registered: 06/17/09
Posts: 1,488
Loc: Oakland, CA USA
Last seen: 12 years, 8 months
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Professional Trader
#14124166 - 03/15/11 08:50 AM (12 years, 10 months ago) |
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Yah so I've traded off and on for a long time. I finally committed to being professional. Mostly it's psychological. Understanding technical analysis is useful, but most of it is complete bullshit. Same with any analysis, it's complete BS 99.999999% of the time. I trade penny stocks and will forever, even when I trade big stocks too.
I average roughly 10% daily. I try to do daily compounding to maximize returns as well. It's funny I posted some add's to invest others moneys but they didn't want to take a chance. Funny how now it's too late, and I'll never invest for someone else; ever.
Investing will always be my core, but lots of entrepreneurism activities will be the results of the profits. My life goal is to make Bill Gates look like an idiot; which based on how pathetic Microsoft is, and how now all he can do is run a pathetic non-profit and while he was at MS he couldn't even create investments from the billions; I see him as the stupidest man on the entire earth.
Not like most of the wealthy people on this planet aren't total losers. Well soon, I guess I'll be taking their money and redistributing it as I see fit. I like small businesses, redevelopment, technology, education; hey shit all the things that matter in an economy!
Given the way Donald Trump is running for pres, shit I not only plan on running, I plan on being the President of the USA in 2030. See you then =)
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Doc_T
Random Dude




Registered: 03/06/09
Posts: 42,395
Loc: Colorado
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Re: Professional Trader [Re: iluvfungi]
#14124170 - 03/15/11 08:51 AM (12 years, 10 months ago) |
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Up the shut fuck.
-------------------- You make it all possible. Doesn't it feel good?
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jacobensis
captain


Registered: 01/15/11
Posts: 318
Loc: comunist/socialist/ usa
Last seen: 10 years, 11 months
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Re: Professional Trader [Re: Doc_T]
#14124184 - 03/15/11 08:58 AM (12 years, 10 months ago) |
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you got my vote bud!!! maybe if we get a human being in there instead of an android the U.S. may have a chance, if the country isnt "condo`d" out to lenders first.
-------------------- There are 2 types of people, mycophobes and mycophiles R.Wasson
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,419
Loc: city of angels
Last seen: 14 hours, 18 minutes
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Re: Professional Trader [Re: iluvfungi]
#14124222 - 03/15/11 08:58 AM (12 years, 10 months ago) |
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This thread has been closed.
Reason: Take this borderline trolling gibberish elsewhere. You clearly don't have a good understanding of the market if you think you could have achieved the same [claimed] 10% daily returns while managing any significant amount of money on penny stocks. By virtue of how illiquid and thus volatile penny stocks trade, any real capital would throw the price action around so much that you wouldn't have enough buyers to soak up your demand at your ideal price, nor would you find sellers willing to take you out of your position for any sizable amount of shares without having to reduce your asking price. In essence, you would get chewed to pieces. Why do you think major money managers don't invest in penny stocks? You'd better believe if they could consistently make 10% daily returns, they would be all over it and with billions of dollars of capital to boot. The fact is, penny stocks are extremely risky, the companies are not held to any semblance of accounting or reporting standards, and generally speaking it's a lottery unless you are trading with such small amounts of money that even if your percentage returns are great, you likely aren't seeing much on an absolute dollar basis. Your comments re: Gates and Microsoft are asinine.
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