Sunday 12 April 2009

Okay people. hi il tell you a little stuff about me...

basically im a young guy who likes the stock market, but doesn't have enough money to play it, i mean where the hell am i gonna get 5k? . So let me say that in september 08, i new shit all about the stock market, then there was a meat scare ( i live in the UK) and i thought it would be a good idea to buy some shares of a meat company while they were low as i knew they'd come up again. unfortunately i didn't know how to find stocks then , but it introduced me into the world of the stock markets, where fortunes are made and lost overnight. i use google finance a lot and after a while a got a broker using the motley fool's share dealing-iut's pretty bad for those in the UK , as i like to play in the AMEX and NASDAQ and it costs £17.50 to buy international stocks.-a crap broker lol

Now i bought three shares, all of which are doing well , ESIC (bought at 2) GE(bought at 9.35) VMW (bought at 21.50_ . i would've sold ESIC but i was away when it peaked at 2.30, VMW is now at 30.01 and GE is at 11 something. now i should be making a gain of around 28% but since im so small time the comission NOM NOM NOM up my profits. i got sick of it i wanted to get an options broker, i was going to buy some VMW call 22.5 options, you know how much i would've made? eh?

Anyway, i wanted to play the market more so i tried the virtual stock exchnage, i joined a game called the players club and im now 326, as a the start i didnt think about anything and just bought in the hope of getting a 3000% return. after a week i was down 20%. so i looked into strategies, i wanted to learn about shortselling stocks , the best guy around would be Timothy Sykes, a former hedge fund manager who lost a third of his worth on a stubborn short, so he packed it in and became a blogger/trader who teaches people the art of shorting penny stocks, you have to check it out , at www.timothysykes.com .

So i started playing on VSE (virtual stock exchange) and i learned a little on chart patterns, shorting and buying on breakouts, i went from -20% to +19.23% in a month and this month im up 37%. drop a comment on the page if you want to play me one VSE. if you wish to play in a VSE game i have created, in which you start of with 10k ...have two years to get a million.

thanks for reading!

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