It's taken a few months, but it pans out!
I always wanted to get into stock trading but never had some cash to just dive in till lately.. I saw my meager 1% interest gains on my bank account and thought, "surely I can find a few worthy stocks to invest in, that would give me a better gain.",
I researched for a few weeks using google finance, and ran a few scenarios, adding stocks to my portfolio, to see if I could find some winners.. It went ok.. no big wins, but no major losses. I realized I really had to use my gut instincts, do LOTS of research.. to find low cost stocks with potential.
I took $1,000 and put in it the tradeking account, and jumped in.. I love science and did most of my research in biotechs, specifically stem cell research companies.. Since FDA hasn't caught up with the new tech yet, I felt this would be the biggest boom area. Long past is the need to use strictly embryo's for stem cell harvesting. They can derive stem cells from many areas of the body.
My initial picks were: StemCells Inc. (STEM), Neostems INC (NBS), and Advanced Cell Technology, Inc. (OTC:ACTC.)
Currently I'm at a return of 98% on NBS, 28% on STEM and ACTC has been back and forth but surviving about break even.
I also picked up info on Jamba, Inc. (NASDAQ:JMBA) in my research of potential companies and got some shares in them at $1.82. currently at a 39% gain.
the last stock I picked into on a whim, hasn't panned out so far.. but am hoping is Rainchief Energy. (OTC:RCFEF) Wished I had known a bit more about OTC before buying.. and that dreaded "F" at the 5th place in the stock symbol.. but c'est la vie.
My portfolio was pretty stable without the bad RCFEF, but was sinking the first couple of months with it.. but I helpd in and now the stem companies, and Jamba have been pulling my portfolio into a profit margin..
I researched for a few weeks using google finance, and ran a few scenarios, adding stocks to my portfolio, to see if I could find some winners.. It went ok.. no big wins, but no major losses. I realized I really had to use my gut instincts, do LOTS of research.. to find low cost stocks with potential.
I took $1,000 and put in it the tradeking account, and jumped in.. I love science and did most of my research in biotechs, specifically stem cell research companies.. Since FDA hasn't caught up with the new tech yet, I felt this would be the biggest boom area. Long past is the need to use strictly embryo's for stem cell harvesting. They can derive stem cells from many areas of the body.
My initial picks were: StemCells Inc. (STEM), Neostems INC (NBS), and Advanced Cell Technology, Inc. (OTC:ACTC.)
Currently I'm at a return of 98% on NBS, 28% on STEM and ACTC has been back and forth but surviving about break even.
I also picked up info on Jamba, Inc. (NASDAQ:JMBA) in my research of potential companies and got some shares in them at $1.82. currently at a 39% gain.
the last stock I picked into on a whim, hasn't panned out so far.. but am hoping is Rainchief Energy. (OTC:RCFEF) Wished I had known a bit more about OTC before buying.. and that dreaded "F" at the 5th place in the stock symbol.. but c'est la vie.
My portfolio was pretty stable without the bad RCFEF, but was sinking the first couple of months with it.. but I helpd in and now the stem companies, and Jamba have been pulling my portfolio into a profit margin..


Comments
Follow commentsben.there.dun.dat posted July 22, 2012 (01:56PM)
You remind me of when savings accounts were yielding "only" 5-6% in the mid '80s, and stocks seemed the way to go. I had great returns the first couple years. Then the market lost 22% in a single day on Oct. 19, 1987. Stocks like the ones you hold lost much more than the general market. Suffice to say, eventually you'll start trading options and lose half of all you have. I know you'll say this won't happen to you, but it will; it's human nature to learn the hard way and then to blame legitimate business people. But many professional traders especially hedge fund managers like George Soros are Marxists who, as Marxists always do, take whatever they can from people, make them poor and then exploit the poor through government programs that fleece taxpayers and line the pockets of Marxists and make them more powerful and immune to prosecution and even criticism.
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