Can you retire and play stocks?
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Aufan 1983 Aufan 1983 is offline
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Default Can you retire and play stocks?
A question that has been on my mind lately is if I could take my retirement money and make a living playing stocks. I decided to give it a try by paper trading the value of my stocks and 401-k.
I'm going to play them all but only 2 or 3 pennies at a time and for a limited amount. I will hold most stocks only a few days as I plan to play the bounce on alot of stocks. I have roughly 500k to start and I'm going to prove to myself that I can do it or I can't. I spent several hours the past few days scanning stocks and used prices from 1-29-08 to start yesterday.
I won't bore everyone with every transaction but will update weekly so we can all see what would have become of me (the soup line or an easy living) I have started with 14 stocks. Here is my list going into today and the price I would have bought at.I plan to cut this down to about 6 or 8 stocks. 14 is too many to keep up with since I'm only playing for fun
BEG. BALANCE = 499,946.50
TLB 10,000 @ 8.96
RAD 40,000 @ 2.25
SMRT 10,000 @ 5.98
WCI 8,150 @ 5.15
VMW 500 @ 54.00
JBLU 5000 @ 5.94
WNR 2000 @ 23.00
STEM 5000 @ 1.31
PPCO 5000 @ 4.87
GGC 5000 @ 6.16
RVGD 600,000 @ .0115
ETFC 8,000 @ 4.14
BVRG 16,850 @ .84
Excellent experiment Aufan. That same question has dogged me for awhile now. Can I make enough trading to stop the daily grind. I will be watching your progress with interest (and hopefully lots of green days to come)
Good luck
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fz4fun
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Quote:
Originally Posted by fz4fun View Post
Excellent experiment Aufan. That same question has dogged me for awhile now. Can I make enough trading to stop the daily grind. I will be watching your progress with interest (and hopefully lots of green days to come)
Good luck
Thanks FZ.... I hope to turn a little green and once the blue chips start bouncing I'll join the ride
Quote:
Originally Posted by Aufan 1983 View Post
A question that has been on my mind lately is if I could take my retirement money and make a living playing stocks. I decided to give it a try by paper trading the value of my stocks and 401-k.
I'm going to play them all but only 2 or 3 pennies at a time and for a limited amount. I will hold most stocks only a few days as I plan to play the bounce on alot of stocks. I have roughly 500k to start and I'm going to prove to myself that I can do it or I can't. I spent several hours the past few days scanning stocks and used prices from 1-29-08 to start yesterday.
I won't bore everyone with every transaction but will update weekly so we can all see what would have become of me (the soup line or an easy living) I have started with 14 stocks. Here is my list going into today and the price I would have bought at.I plan to cut this down to about 6 or 8 stocks. 14 is too many to keep up with since I'm only playing for fun
TLB 10,000 @ 8.96
RAD 40,000 @ 2.25
SMRT 10,000 @ 5.98
WCI 8,150 @ 5.15
VMW 500 @ 54.00
JBLU 5000 @ 5.94
WNR 2000 @ 23.00
STEM 5000 @ 1.31
PPCO 5000 @ 4.87
GGC 5000 @ 6.16
RVGD 600,000 @ .0115
ETFC 8,000 @ 4.14
BVRG 16,850 @ .84
Daytrade...... Sold 600,000 RVGD @ 01 = 6000.00
Bought WNBD 260,800 @ .023 = 5,998.40
HOLY $HIT! That's one awesome start!
My father did it, he only ever seemed to own 1-3 stocks at a given time and only from solid companies, no pinks. He'd buy thousands of shares of say Microsoft, if moved just a couple cents, he'd bail with a nice little profit. If you have enough cash to leverage, you can make surprizing amounts of money will little moves.....and yet, be fairly safe with a bluechip. He was into optioning his shares, he made good green all the time. I know he particularily liked when someone didn't buy his shares.....just like free cash.
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Originally Posted by BadThad View Post
HOLY $HIT! That's one awesome start!
My father did it, he only ever seemed to own 1-3 stocks at a given time and only from solid companies, no pinks. He'd buy thousands of shares of say Microsoft, if moved just a couple cents, he'd bail with a nice little profit. If you have enough cash to leverage, you can make surprizing amounts of money will little moves.....and yet, be fairly safe with a bluechip. He was into optioning his shares, he made good green all the time. I know he particularily liked when someone didn't buy his shares.....just like free cash.
Thanks BT.....
I know of a guy that is pretty rich and is only in his late 30's and now he only plays stocks and is raking in 200k - 300k per year. He don't even need it. Its only a game for him.
I like your fathers idea..... as you said its pretty safe and should bring some nice returns