How to earn shitloads of money

How to earn shitloads of money

Author: vitgan On: 14.07.2017

I daytraded during the NASDAQ bubble. It was wild times but to be honest I made most of my money off one stock: One could actually make more money on a hotter stock, but for me AMD worked because I was pretty confident that it would. Anyway, if a stock is trending up, and it is marginable, then you can keep upgrading your shares.

Now the next day, when your trade is settled, you can buy 2, shares of the stock on margin. So you can see how quickly you ramp up this way.

Look at the number of shares you are owning after each step. It goes up faster and faster.

This is common in overlooked tech stocks which popular culture is down on but which are picking up. Imagine using this technique on Apple AAPL after the iPod started selling like hotcakes!

HOW TO MAKE A SHITLOAD OF MONEY

For example, I knew Nintendo would appreciate in value. The only problem is that the stock is only a derivative of the Japanese stock, and is therefore unmarginable in US markets.

how to earn shitloads of money

Plus, you can use technical indicators like trendlines to sniff for future problems. Here is what he said:. When I am bearish and I sell a stock, each sale must be at a lower level than the previous sale.

how to earn shitloads of money

When I am buying, the reverse is true. I must buy on a rising scale. I buy on a scale up.

how to earn shitloads of money

Remember that stocks are never too high for you to begin buying or too low to begin selling. Most people try to buy stocks when they dip to catch the bottom. What Lefebre was saying was that you know quickly whether a trending stock is a winner or not. When you make a profit, keep adding.

Timing the market is impossible in the long-run, but this technique takes advantage of margin. I lost some of that money when AMD stopped running, and when I started to try to daytrade.

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