Saturday, June 19, 2010

It’s Easy to Make Money in the Market

OK, I am 50% through an MBA in Management, but don’t consider myself a “Broker”. Yet, I am able to make $500-$1500 per day in the market. Not a big deal, can’t buy a house or a huge yacht with that, but hey, it could be a “living”. I started with $50,000 in January 2009 and the “Portfolio” as of June 18, 2010 is now $132,000. This increase is from 100% reinvestment of profits and trades, and with zero additional funds.

The last few days I have shorted the Euro currency. Last week I shorted the DOW. I like commodities, so I invest in oil stocks, gold, and silver. I mostly trade in $10,000 blocks, and for a day or two in time. When the market is really volatile, I sit on a hoard of cash, perhaps for weeks. It doesn’t grow, but it doesn’t get erased either. Is there a “secret”?

There is no secret, other than a sense of world events on markets, analyzing data from various sources and making a strategic guess, based on that data. I look at charts, but don’t analyze them. I believe political events effect the market as much as, “Investment Strategy”. I like my “gut” reaction to data, and then go for it!

You are probably thinking, “If it’s so easy, why doesn’t everyone do it?” I am thinking that myself!