$12k into nearly $2 million

In the span of two years, Tim Sykes turned $12,415 in Bar Mitzvah gift money into nearly $2 million. And, during his senior year of college, he started his own hedge fund. Pretty interesting story. I need to read more about his trading tactics.

Stock Definition

Stock: "a type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings. 


A holder of stock (a shareholder) has a claim to a part of the corporation's assets and earnings. In other words, a shareholder is an owner of a company. Ownership is determined by the number of shares a person owns relative to the number of outstanding shares. For example, if a company has 1,000 shares of stock outstanding and one person owns 100 shares, that person would own and have claim to 10% of the company's assets." (investopedia)


How do you make money from trading stocks?
The simplest example: You buy 100 shares of XYZ for $1.00. In two weeks, you look back at your portfolio, and see that the price of the underlying stock has gone from $1.00 to $2.00. You then sell all 100 shares for $2.00. Your return on investment would be 100%. haha


Simple enough right?
No, it's a lot harder than that. But, I'll touch up on the rest later. 

Stock watch list

SOHU chart
SOHU getting a little top heavy. Setting up for a nice short.

APSG chart
APSG same thing. Also setting up for a nice short.

DJSP chart
DJSP bottom play. Indicators starting to shape up. Could be a nice 3 day swing trade.

ACOR chart
ACOR nice bottom play. Chart is looking real sweet. I'm already in this one. Short term target: 20ma at 29.64 or so.

My next short.

TWIN chart link 

The link up there directs you to a chart that looks real good for a short position. That stock has been on a tear for the past couple of weeks. Today it gapped up huge and is now floating way above the bollinger bands. It had a spinning top type candle today, usually signaling time to take profits. Along with the reversal candle, most of the indicators are showing overbought. This puppy could still have some steam left in it, but my technical analysis shows that it's likely to have a pullback tomorrow. Let's see what happens....

Island in the Sun

Weezer. Good stuff.

All I Want Is You

Just sit back, relax, and listen.

Quote

"Even pleasure and good times, however enjoyable, have a fundamental inadequacy because they are only temporary." - John Esposito

Pretty sweet quote.

What makes us "human"

Is it our actions? Our emotions? Our physical appearance? Our intellect? hmmmmm.

Thoughts?

Beatles

A pretty great song. Enjoy!

Karaoke

Stuck in my head.

VMR VB3

http://www.velocitymotoring.com/wheels_vb3.html

Just a picture of rims I've wanted for a while now. I love the way they look on A4's.

Anatomy of a pump and dump

Penny stock pump and dumps explained. Check it out.

Watchlist for this week

AMCC, SAY, HERO, ES, THOR. I'm really liking the profit potential on these.

CF Industries Holdings, Inc

CF had an amazing up day. It closed $11.26 (11.42%) up. It reached an intraday high of 112.64, but closed at 109.90. More upside, or time to short? Indicators looking overbought here. Possible short in a couple of days. IMO.

This was one of my positions about a week ago. Got stopped out. Missed out on major profit...

DOW 11000

We finally closed above 11000 on the Dow Jones Industrial Average. Looking good.