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- Apr 4, 2006
i need to get my hustle on. i used to by cell phones and resell em for a small profit but not anymore.
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Originally Posted by Lil Cao
I used to run websites that would pull me nearly 400-500$ a month.. this was back when I was in high school. Now I'm makin' 500 a month doin' a legit on campus job.
Originally Posted by 40inchBoost
bout to come up on some stocks, will keep posted
only invested ~$450 too
Originally Posted by recycledpaper
i respect the optimism, but you guys are setting yourself up for disappointment. your goals are too high and unrealistic. $1m by the end of 2010? lol
Originally Posted by Noskey
Originally Posted by General Johnson
Category 3: New Money (person who comes in with no money and turns that into the best success by Christmas)
I'm shooting for that. If I can get some investors, I'll be starting a company next month.
Originally Posted by recycledpaper
looks like you're gonna have to get a new name. i just parked the domain because you didn't.
jk
Originally Posted by Brandon5000
what kinda real hustla shares how much he makes/ how he makes it? this thread is dumb... plus its march.
I BEEN gettin it but I'll be damn if I post in detail how I get it and how much hahaha
Originally Posted by nealraj006
Great idea for this thread. Since last week I've been really working craigslist and pulled in what I say is a good amount for one week. I need to keep it up though.
Originally Posted by ATLien Seeko
Originally Posted by nealraj006
Great idea for this thread. Since last week I've been really working craigslist and pulled in what I say is a good amount for one week. I need to keep it up though.
I'll PM you.Originally Posted by kicksfiend
Originally Posted by Noskey
Originally Posted by General Johnson
Category 3: New Money (person who comes in with no money and turns that into the best success by Christmas)
I'm shooting for that. If I can get some investors, I'll be starting a company next month.
What's your business plan? Send me some information. There's always money for a good idea.
Without getting into details, it's mostly a direct mail marketing company.Originally Posted by freakydestroyer
what kind of company?Originally Posted by Noskey
Originally Posted by General Johnson
Category 3: New Money (person who comes in with no money and turns that into the best success by Christmas)
I'm shooting for that. If I can get some investors, I'll be starting a company next month.
Listen I see you in the Trading thread and I respect that. But when you dont even know what i'm in then how can you comment like that? I know my math, ya if i put 450 in a big board stock then ya gains will be minimal. However Im involved with small cap stuff, which is entirely different.Originally Posted by kicksfiend
Originally Posted by 40inchBoost
bout to come up on some stocks, will keep posted
only invested ~$450 too
Sorry pal, but it isn't that simple. I'm a day trader so I know the business. I doubt your moves are that serious. If anything they may put you on the path to coming up but with only $450, you'd be lucky to made a decent return. The key to success is turning that decent return into consistent returns. No one stock is going to make you a millionaire. Even dudes staring straight at a winner manage to mess it up. Look at Warren Buffett's son. In the later BusinessWeek, he tells the story of how he sold $90,000 worth of Berkshire Hathaway stock that his pops gave him. If he had held it, he'd be sitting on 8 digits easy.
If I only knew where to start...Originally Posted by General Johnson
Glad to see dudes are coming through enthusiastic about their stacking.
So check, for cats already posting figures, let's get this organized. Post where you're starting as of today and we'll go from there.
You made 5Gz last week? Cool. That was last week.
You need to make that part of your start up and flip that into bigger numbers. We need proof too.
Let's Get It!
Originally Posted by 40inchBoost
Listen I see you in the Trading thread and I respect that. But when you dont even know what i'm in then how can you comment like that? I know my math, ya if i put 450 in a big board stock then ya gains will be minimal. However Im involved with small cap stuff, which is entirely differentOriginally Posted by kicksfiend
Originally Posted by 40inchBoost
bout to come up on some stocks, will keep posted
only invested ~$450 too
Sorry pal, but it isn't that simple. I'm a day trader so I know the business. I doubt your moves are that serious. If anything they may put you on the path to coming up but with only $450, you'd be lucky to made a decent return. The key to success is turning that decent return into consistent returns. No one stock is going to make you a millionaire. Even dudes staring straight at a winner manage to mess it up. Look at Warren Buffett's son. In the later BusinessWeek, he tells the story of how he sold $90,000 worth of Berkshire Hathaway stock that his pops gave him. If he had held it, he'd be sitting on 8 digits easy.
Fall back
listen i see what your saying, but in now way did i say im making major moves on a large scale. Again, yes $4k+ isnt that much to alot of people but to ME that is a good amount.Originally Posted by kicksfiend
Originally Posted by 40inchBoost
Listen I see you in the Trading thread and I respect that. But when you dont even know what i'm in then how can you comment like that? I know my math, ya if i put 450 in a big board stock then ya gains will be minimal. However Im involved with small cap stuff, which is entirely differentOriginally Posted by kicksfiend
Originally Posted by 40inchBoost
bout to come up on some stocks, will keep posted
only invested ~$450 too
Sorry pal, but it isn't that simple. I'm a day trader so I know the business. I doubt your moves are that serious. If anything they may put you on the path to coming up but with only $450, you'd be lucky to made a decent return. The key to success is turning that decent return into consistent returns. No one stock is going to make you a millionaire. Even dudes staring straight at a winner manage to mess it up. Look at Warren Buffett's son. In the later BusinessWeek, he tells the story of how he sold $90,000 worth of Berkshire Hathaway stock that his pops gave him. If he had held it, he'd be sitting on 8 digits easy.
Fall back
Listen I was even trying to get at you BUT since you seem to think I was, I might as well. Ain't NO WAY you turning that $450 into figures. I trade everything INCLUDING penny stocks. I definitely know more about how they work than you do. So when I tell you there's no way your moves are that serious, I'd put money on it that it's true. What do you expect to gain off that one trade? Let's say you're right and the stock jumps 1000%, netting you a return of 4500. Add your 450 on top and you're account is valued at $4,950 minus any transaction costs. If you understand the game as much as you claim you do, you should already know that getting out at the top is impossible. I RARELY ever do it myself and I make a living off trading. Either you sell into buying, which is best case because penny stocks are usually illiquid so selling can very easily push the price downward (however since there's buying absorbing your selling, you're probably getting out before the peak), or you sell into selling which is already pushing the price down. Either way, you're not getting out at the top and your account's value falls. Let's say you sell around 900% return. So your account is valued at $4500 flat minus any commissions. You made 900% return off an extremely volatile movement. $4050 United States Dollars. Congrats...
However at the same time, there are other people making money in the market. You might feel like a boss with your 900% return but you only made $4,050 off that trade. People like me can throw 10 times that into an options strategy and generate that type of return with FAR LESS risk. Hell, on the day that you made that trade, Goldman Sachs may have put $100 million in the market and generated 1000 times that in minutes. Your moves are not serious. No matter what you want to think, you're insignificant in the grand scheme of things. I don't care if your feelings are hurt, it's the truth. Don't worry though, to some bigger fish, my moves ain't serious either.
I still stand by what I said. That $4050 isn't "coming up". However it's a good first step. The key to making more money is to leverage that one success into future success. You need to turn that money into consistent returns. You need to get to the point where you can make a few thousand in a day EASILY. THEN you can say you came up.
I can't even say that, which is why I don't. I'm still working on it.
That whole hypothetical assumes you make a 900-1000% return though. Chances are you won't. Especially if you're holding on to multiple penny stocks. I'll assume you're also trading off fundamentals, which if you are, pretty much solidifies my viewpoint. But listen, I wish you the best. All I was really trying to do was offer advice being somewhat more experienced.