I just read the second paragraph. Impressive compound growth...

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nippy

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21/05/24

08:34

Post #: 73926137
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Originally posted by nursery: ↑

Very few stocks are "ten baggers", particularly in the short term. Many stocks, however, have daily 5% to 10% fluctuations. They are the ones I find the most productive. If I sell one, I look to buy it back 10% cheaper and place an order that way immediately I make the sale. I may also buy one and place a sale order at a 10% increased price immediately. I'll settle for 5% if that is all I can get. I'll cut and run if I pick a wrong one. I reinvest any profits with shares in the one that the profits come from. If I sold a share and made a 10% profit then I would look at buying back 10% more of that share.

A few years ago I blew up my boat and was badly burned. I was in hospital for 6 weeks and very much restricted for months after. That is when I really started to trade this way. (My avatar is the actual boat. I keep it there to remind me how lucky I am to have survived that explosion). I started with a couple of thousand dollars, added another $200,000 and within a year I held a million dollars worth of shares. I had mortgaged my home to get the $200,000. I later sold shares to pay back the loan and buy a nice waterfront home. I also got the funds to invest in a public research and development company that I founded and am still associated with, Advanced Hybrid Solutions Ltd.

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I just read the second paragraph. Impressive compound growth there IF real.

The tax man would have been straight onto you as a trader on that many trades. Big slow down factor there.

Most people do underestimate the benefits of compounding growth over time.

Great that you turned a lemon into lemonade - being forced to not do much for a time via accident.

Last edited by nippy: 21/05/24
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