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$200 to $50,000 Journey RSS Feed

Followers
3
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Posts (Total)
28
Created
06/15/08
Type
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This board was created to document my journey from making $200 into $50,000 by investing into only 8 stocks for 100% gains each time moving the entire amount out of the last stock into the new one. Start with $200 in a seperate trade account. Stock 1: $400 Stock 2: $800 Stock 3: $1,600 Stock 4: $3,200 Stock 5: $6,400 Stock 6: $12,800 Stock 7: $25,600 Stock 8: $51,200 It sounds easy, but as most know a 100% gain on a single stock is hard to come by. You must do lots of research, technical analysis of charts, trust your gut, and you need some luck. ______________________________________________________________ Stock 1: DCFF 44,000 shares @ $0.0045 Purchased on 06/18/08 @ 10:50 AM EST Limit sell order sitting at $0.009 _______________________________________________________________ Frequenty Asked Questions Why start with $200? Well because this is a nice round figure to start with and it gets me to the $50,000 goal in under 10 stocks. I could have started with more, but this small amount I don't mind losing if my journey runs into a big bump in the road. Remember, only invest what you can stand to lose. Why end at $50,000? Well again sort of like the answer above, this amount is a good round figure to end at, also it's enough money to pay off all of families school loans and other related debt. Once I reach this goal, I will probably invest a portion into another stock or two to offset the taxes at the conclusion of this journey, as well as set back some money to begin again. Why did you create a board and be so open with this? Why not do it privately? I'm mainly creating this board as a diary for myself so that I can see what I did right or what I did wrong whether I succeed or fail. It's another way for me to keep myself in check. It's a good way to document not only to myself but to ther IHub friends about what happened whether it's a success or fail. What stocks are you going to invest in and why? I'm not going to limit myself to one type of stock exchange, but the majority of my investments if not all will most likely be on the OTC BB (Nasdaq BB). I've had good luck with investing in stocks listed on this exchange in the past. I might invest into a Pink sheet stock, but very unlikely as these stocks have less rules governing them by the Pink Sheet exchange. Also, I will not invest into a stock that has more than 2 Billion Authorized as well as over 1 Billion Outstanding (O/S). I'm going to try to stay away from stocks where dilution seems to be occuring. Not that companies that do that are all bad, as these companies have to generate income some how until their service/product sells, but these stocks can go down the gutter fairly fast. I'm going to be on the look out for stocks that have around 100 million or less float. Please do not take my stocks and invest in them without doing your own research and making a decision for yourself.
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