Last weeks high for this gold ETF was around $62 and the low reached approximately $45.
Tuesday, 20 October 2015
Tuesday, 13 October 2015
This week my biggest gains came from a gold ETF called Direxion Daily Junior Gold Miners Index Bull 3X Shares (JNUG).
Over the last 5 days gold has gone up a lot so I decided to take part in this money maker. I bought about 20,000 shares at a time of JNUG at around 55$ and I waited for it to spike up a couple bucks and I sold it after I was happy with the profit I had made on it. I don't like staying invested in a stock for too long, once I'm making money I pull out and keep the profit.
Sunday, 4 October 2015
So this week, one of the biggest gains in the stock market came from gold companies. I didn't make a whole lot of money off this but i made a small amount of profit from investing in a gold ETF.
Above is a graph representing Friday's gains in the stock market from the gold companies I invested in. As you can see it went through a dramatic increase this week. Another thing that surprised me was the fact my Velocity Shares company had dropped so much that day, it did the opposite of everything else.
I almost lost a lot of money because I had bought shares of TVIX rather then short selling at first. But my pull out game is way too strong to be losing money, I managed to sell the shares while I was still up still making some profit.
Sunday, 27 September 2015
This week I was extremely successful in the game. I still stuck with the same companies including: TVIX, JNUG, EOG. I gained more confidence this week and invested more shares at a time into each stock. In one of my gold stocks I invested about 30,000 shares and put in a stop-loss order (which I learned this week and came in handy)once the stocked dropped 10 cents and made a lot of money off that. I did that with a few of the other ones to and they were all successful. One of the biggest surprises I had this week was when I short sold RIG, an oil drilling company.
I watched this stock rise and rise for a couple of days when I decided to short sell it thinking it may drop soon because it was so high. Next thing I know, later in the day the company was being investigated for corruption and fraud which dropped the share price drastically and I covered it immediately.
I watched this stock rise and rise for a couple of days when I decided to short sell it thinking it may drop soon because it was so high. Next thing I know, later in the day the company was being investigated for corruption and fraud which dropped the share price drastically and I covered it immediately.
Sunday, 20 September 2015
So far, I have made a lot of trades, good and bad, that taught me new things. At first i was experimenting with random stocks that were cheap. I made little to no gain on these stocks because they didn't move around a lot. I tried investing in some mainstream companies like Adidas and Google but the rewards didn't get me anywhere or they even lost me money. I started doing some research on stocks that were cheap/high risk to make quick money. I started investing in a shares company, gold company, and a casino company. At first I didn't really know when to buy and sell these stocks but as i watched how they moved throughout the day I began to pick up their patterns.
Occasionally Ill find some new stocks and invest in them too but I like to stick to whats working right now as they make me the most money right now. I usually buy at the beginning of the day when they are the cheapest and sell in the afternoon around 11am-12pm as they all reach their daily high. Just recently I learned about short selling a stock and then covering it. When I know my stock is at its peak Ill short sell it and cover it when I see a big drop. It's nail biting sometimes but I'm enjoying the game. I try to remember that patience is key. Obviously investing in high risk stocks can be tricky but as I've learned so far, high risk equals high rewards.
Occasionally Ill find some new stocks and invest in them too but I like to stick to whats working right now as they make me the most money right now. I usually buy at the beginning of the day when they are the cheapest and sell in the afternoon around 11am-12pm as they all reach their daily high. Just recently I learned about short selling a stock and then covering it. When I know my stock is at its peak Ill short sell it and cover it when I see a big drop. It's nail biting sometimes but I'm enjoying the game. I try to remember that patience is key. Obviously investing in high risk stocks can be tricky but as I've learned so far, high risk equals high rewards.
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