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After keeping score on the POTW for the past two weeks and participating in it for the past several, I have come to realize that the stock picking talent is tremendous here.... yes downright HUGE! Keep this fact (and the POTW) in mind as you read on.
I was sitting here figuring up a few things based on the POTW's average gains (for the top preforming competitors) over several weeks. I've come to the conclusion that a 5% per week gain (average) is not too far-fetched, if you remove the suicide "throw the dice" gamblers picks from the mix.... it's actually pretty easy to average 5%+ per week....
Now if you could grow a portfolio by 5% per week and reinvest 100% of the gain you could double your money in less than 4 months!!!! and if you started off with $100k you could easily turn it into over one million dollars within one year (using no margin)!
The following exercise should be profitable to all here!!!!
Here's where the POTW comes in. I would like to keep score for the next four months.... as I will be compiling data as to what players really know their stuff.... I would love to see a minimum of 15 players here per week including $$$Mr Market$$$ and Karel..... HEY! It's just one stupid post per week dudes COME ON!!!!
I would like to incourage everyone who has ever played the POTW or more importantly ever WON it to follow this thread and enter a "top" pick every week..... That's BillyJoes POTW thread.... You have anytime before the market close each Monday to enter your BEST single pick....
DID YOU HEAR ME!!!!.... Webs, DMK, NBB, Dru, Runner, Thomrich, etc? WE NEED YOU TO PLAY THIS STUPID CONTEST WEEKLY.... Why? Not so much to win (but that's nice, ain't it Ski) but to allow ME to scientifically build a portfolio.... based on the best players picks.... And I'll post exactly what I'm doing right here AS the next few weeks unfold....
AGAIN.... It's important that the top pickers (ESPECIALLY) follow my new thread.... AND play the POTW weekly with solid, well researched picks. One pick only.... NO bb stocks and hopefully stocks with average daily volume approaching 100k shares as I'll really be trading these picks.... Remember the goal is a minimum of 5% per week average gain.
Here's what I entend to do.... I will take $100k and invest it in these picks at my discression.... and "we" will (as a group) discuss and use TA and FA to qualify the picks for the portfolio. I will manage the portfolio and trade in and out of the picks as I see fit, but I'll ask for your guidance and opinions. I will post everything I do right here for all to see and I'll track the gain for all to see. If you see a dangerous error in my trades please post your opinion(s) here....
I expect to make these 5% average gains in Bull, Bear or "Steer" markets so SHORT SELLING picks ARE a must when appropriate. I hope NOT to expose more than 30% of the funds to any one pick AND I WILL BE USING MARGIN for this exercise. I may keep a portion in cash from time to time as well.
Now by next November (2006) I hope to be posting that this Portfolio is worth over $1 million and we'll have this huge party at my place.... Cook a fat yearling steer, eat some GoJi's, drink some brandy, ect.lol
I was sitting here figuring up a few things based on the POTW's average gains (for the top preforming competitors) over several weeks. I've come to the conclusion that a 5% per week gain (average) is not too far-fetched, if you remove the suicide "throw the dice" gamblers picks from the mix.... it's actually pretty easy to average 5%+ per week....
Now if you could grow a portfolio by 5% per week and reinvest 100% of the gain you could double your money in less than 4 months!!!! and if you started off with $100k you could easily turn it into over one million dollars within one year (using no margin)!
The following exercise should be profitable to all here!!!!
Here's where the POTW comes in. I would like to keep score for the next four months.... as I will be compiling data as to what players really know their stuff.... I would love to see a minimum of 15 players here per week including $$$Mr Market$$$ and Karel..... HEY! It's just one stupid post per week dudes COME ON!!!!
I would like to incourage everyone who has ever played the POTW or more importantly ever WON it to follow this thread and enter a "top" pick every week..... That's BillyJoes POTW thread.... You have anytime before the market close each Monday to enter your BEST single pick....
DID YOU HEAR ME!!!!.... Webs, DMK, NBB, Dru, Runner, Thomrich, etc? WE NEED YOU TO PLAY THIS STUPID CONTEST WEEKLY.... Why? Not so much to win (but that's nice, ain't it Ski) but to allow ME to scientifically build a portfolio.... based on the best players picks.... And I'll post exactly what I'm doing right here AS the next few weeks unfold....
AGAIN.... It's important that the top pickers (ESPECIALLY) follow my new thread.... AND play the POTW weekly with solid, well researched picks. One pick only.... NO bb stocks and hopefully stocks with average daily volume approaching 100k shares as I'll really be trading these picks.... Remember the goal is a minimum of 5% per week average gain.
Here's what I entend to do.... I will take $100k and invest it in these picks at my discression.... and "we" will (as a group) discuss and use TA and FA to qualify the picks for the portfolio. I will manage the portfolio and trade in and out of the picks as I see fit, but I'll ask for your guidance and opinions. I will post everything I do right here for all to see and I'll track the gain for all to see. If you see a dangerous error in my trades please post your opinion(s) here....
I expect to make these 5% average gains in Bull, Bear or "Steer" markets so SHORT SELLING picks ARE a must when appropriate. I hope NOT to expose more than 30% of the funds to any one pick AND I WILL BE USING MARGIN for this exercise. I may keep a portion in cash from time to time as well.
Now by next November (2006) I hope to be posting that this Portfolio is worth over $1 million and we'll have this huge party at my place.... Cook a fat yearling steer, eat some GoJi's, drink some brandy, ect.lol
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