What was your greatest investment success?
by Gary James on Thursday, August 19th, 2010 | 5 Comments
If you don’t have one, what was your biggest failure? Has anyone here lost big money in day trading or penny stocks?
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Hey everyone, Gary here. Stock trading was never my forte'. I lost tens of thousands of dollars listening to stupid advice and letting other people trade for me.Then I discovered penny stocks. I am talking about real companies listed on major stocks exchanges that were beat down and sold for $5 or less a share. I found a few online penny stock newsletters that let me make my own decisions.
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I invested in some type of online casino gaming company around 1999. Stock went up over 4000% but im an idiot and didnt sell and the stock crashed. Lol when i finally sold it was only 4 cents a share. Luckily i was young and only invested around $1000 into this company. Lost most of it
Real estate in Colorado.
Day trading is no different than gambling in Vegas, I prefer less risk.
This year it was 20,000 shares of SOMX @ 1.14, nice 800% return when it spiked and I sold at 9.14. Now waiting in CXM at .34, it’s around .43 right now waiting for FDA approval on a 510k and a Phase 3 for two different drug streams…SOMX btw is now it the dumps.
most will not say about their biggest losses..as this is very hard earned money for many..but you hear about certain lucky amounts people have won by investing..however these people have researched the stocks and the trends quite well as well as maybe had inside knowledge or tips.
my greatest success is myfxfunds , wish you all the best as well