Vic Wasteland Thread - 15.0

[Birds]

2 hours ago, UNR33L said:

Just waiting for 12 months to sell mine and hopefully at a profit 

Average down son - if you're counting on the share to recover and give you a profit one day then you can count on it giving you even more profit with these prices

[Birds]

Also this share is getting manipulated so hard that if you're clever / in tune with it, you can pick out the man made waves and ride them off the back of the high frequency trading and auction manipulation

That manipulation worked against me a little today; late to the party. I'm front of the queue for a sale at 3.8 though, so here's hoping it opens at that tomorrow

[Leroy Peterson]

unless trading tens of thousands of dollars, i dont think it would be worth it. and then, would you put that much money on the line against some algorithms?

shares like that are especially risky when you could just put all that money on the Miami Heat tomorrow to win. its payday chyeeahboiii

[Birds]

 

5 hours ago, Leroy Peterson said:

unless trading tens of thousands of dollars, i dont think it would be worth it. and then, would you put that much money on the line against some algorithms?

shares like that are especially risky when you could just put all that money on the Miami Heat tomorrow to win. its payday chyeeahboiii

That's pretty much what I've been doing, and hence it has been worth it. The 5k above was only cause half my buy order didn't go through the other day. It's a lot of money, but you can bet the manipulators are playing with 10-100 times as much. I'm just leeching off their manipulation to the best of my deductive ability. So far I've been correct and I'm at a point now where I'm asking myself if it's just a massive run of good luck or if I actually know the trading pattern of this share / the manipulation behind it. Last 10 sells have been for profit - not interested in any other shares right now; this is the honey tap.

You only get 10% return on your gamble in the space of a couple days, but at least if you get it wrong you don't lose it all...you just come to a halt while you wait for recovery and then start the process again. And that's the safety net distinction I draw between this and head to head gambling like sports or roulette. Pull this off 10 times and you've taken a safer path to doubling your money IMO.

The problem with increasing capital is, the more you throw at it in a single hit, the harder it is to execute trades. I think anything more than about 1 million shares at current prices would be difficult to shift reliably on the day that you want to, at its peak price for the day. So far 10k has felt like a good round figure to throw at it. You can see that much fluctuation in a single order and one pip is $260 profit/loss at current prices.

[Leroy Peterson]

You can't make "reliable" money when the price has looked like this the last month

So you see orders come through, but then theres no guarantee your order will be processed before that. and for a while now, majority of the days volume is in the first 10mins. Not the mention the large orders that get pulled ~10secs before the market opens. 

I dont know why you feel the need to celebrate this information with us. unless you're trying to get Dezz to drop more cash?

You want a predictable share? check out CBA the last 12months. Leigh got out at a good time.

[Birds]

Well no there have been intra day gains to be made, but most of mine have been day to day. Buy Monday, sell Wednesday, buy Monday sell Tuesday. Then the early volume becomes your friend cause you don't have to watch the share all day. Sometimes you need to wait a week for the rise, but it inevitably comes as long as you picked the bottom to buy in. If it's not reliable how did I do it about 7 times in the last 2 months?

Number 1 is a bragging point, because I think it's amazing, number 2 is the equal and opposite of people complaining about not making money out of 88E. Three is the altruistic "if you have the balls to gamble, quit whinging and ask to follow my lead, I might be able to help you make some money". Should have learned my lesson from last time though because it's thankless, even amongst friends and family who have made money....but hey I like helping.

[L33SH]

I'm thankful.

[Leroy Peterson]

I made people money on NBA yesterday, i was more worried about them losing money than me making payday. But maybe thats just coz im a nice bloke.

[Birds]

That's normal, human nature - your advice reputation is at stake and people won't credit you if they win, but will blame or subtlely resent you if they lose...another facet of human nature. But you do seem like a nice person...

[Birds]

3.8 sell went through today. So that was: invest $5k Wednesday after about 10 mins of research, about an hour in total scanning the stocks yesterday for a good sell point (compromise between profit and a guaranteed sale), attempt to sell, it didn't go through but got front of the queue and this morning it came through on the open. That's about an hour and a half's work for $300 profit...almost as much as dezz makes as an overpaid sparky...and a pittance of Alex's investment strategy. But if you can consistently pull that off each week, or up the stakes to 10k, that's a healthy supplement to a fulltime income. If you don't get a rise, you leave it in there until you do - only a loss when you sell.

Not saying it's guaranteed win, nothing ever is, but I'm waiting for the time when I get it wrong.

[Leroy Peterson]

You can do that with any stock, its called day trading. Just a lot want to hit the big one and follow things that blow up (see TV2 and GPP)

[Birds]

10 minutes ago, Leroy Peterson said:

You can do that with any stock, its called day trading. Just a lot want to hit the big one and follow things that blow up (see TV2 and GPP)

Yes it's day trading, or more accurately, short terming, given I'm holding across multiple days...but how many shares give you a consistent and repeatable run? My point is that 88E is consistently enough of a yoyo to pull it off frequently and not many shares can give you that; are predictable and traceable and getting manipulated so obviously. It's a short termer's wet dream. It's also a long term share that I will be in for when the time comes, but in the meantime I am making so many pips that the long term isn't mattering so much anymore.

[UNR33L]

council rates, rego, insurance, gas bill RIP $3.4k

[JAS-25T]

ten days worth of trading like Madam and you would have it paid.

[UNR33L]

Got a bit of a work project on the cards that might pay for it, involves making a new expensive (well, 25k ish) website and outsourcing the actual design to someone else  while I just consult with the customer and do the server work which shouldn't be much time

Edited November 18, 2016 by UNR33L

[JAS-25T]

fiverr.com

[alr33x]

1 hour ago, Birds said:

3.8 sell went through today. So that was: invest $5k Wednesday after about 10 mins of research, about an hour in total scanning the stocks yesterday for a good sell point (compromise between profit and a guaranteed sale), attempt to sell, it didn't go through but got front of the queue and this morning it came through on the open. That's about an hour and a half's work for $300 profit...almost as much as dezz makes as an overpaid sparky...and a pittance of Alex's investment strategy. But if you can consistently pull that off each week, or up the stakes to 10k, that's a healthy supplement to a fulltime income. If you don't get a rise, you leave it in there until you do - only a loss when you sell.

Not saying it's guaranteed win, nothing ever is, but I'm waiting for the time when I get it wrong.

an investment that turned out very nicely for the buyer.. geez you lot hold on to stuff way to long its actually kind of sad.

 

good work on ya dollarmite account  

 

[JAS-25T]

1 minute ago, alr33x said:

good work on ya dollarmite account  

 

[UNR33L]

23 minutes ago, JAS-25T said:

fiverr.com

My cousin has made a similar site to what they need, so just seeing if he can do it.. basically 10k in it for him to deliver something that would probably only be 50 hours work or so for him, just gotta work out the fine details  

[UNR33L]

How much are you guys paying for car insurance? RACV want $1066 agreed value (probably like 33kish) with $2k excess option?