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CountdeMonet
You've heard the advice: "Buy at 15, sell at 60" yada yada
yada...Have you ever wondered if there is more to it than that?
What do some of Neopia's stock legends do to manage their
portfolios and maximize their profits? I asked some of them that
very question. Here are a few of the responses...names are
altered to protect the innocent (and outlaw too)
I still basically buy what I have the least of at 15-18 np per
share and sell at staggered prices. I have between 27,000 and
29,000 shares of all stocks I have. Assuming I have 27,000
shares, I sell 12,000 somewhere between 75-90, 8,000 at 125, 4000
at 170, and the last 3000 at 200+.
This strategy has multiple benefits:
a. Makes it easy to have 1 mil a month in profits every month
b. Gives an average of 2 mil a month profit over the course of a
year
c. I can profit from stocks that don't peak very high
d. I get decent returns from those that do go high
e. Most importantly, I spend less than 2 minutes per day managing
my portfolio
Strategy? Well, I think that certain stocks are
. AAVL,
BB, and some others (ed note: COFL, UNIB, TPEG, VPTS). I do not
believe the market is "random" but rather that "they" control
which stocks go into the advanced selling range based on the
number of shares owned. The runs to 60 are set up mainly to thin
out the number of shares owned. I do believe that "They" have,
within the last year, begun to control how much profit the biggest
portfolios will make. I really do think that selling at 60
provides the best profits, but I don't do it myself. Go
figure...
I just play the basic way. (Ed note: He buys at 15, sells at 60).
I am, however, more focused on keeping meticulous records of
purchases, sales, and profits. Right now my profits are way down
while I build my port size to be like all the "kewl kids." I felt
left behind.
Mine is more of a management system for a mature portfolio than a
"strategy." I buy the usual 1000 shares per day at 15-18, but I
also sell 500 of a stock over 60 per day. My portfolio is of such
a size that there is usually something in it over 60, so this
works out well. This is by no means earth-shaking, but my
portfolio grows by 500 shares per day AND I receive a profit of
approximately 15,000 np per day. Of course, if a stock in my
portfolio reaches 90 or so, I'll sell more like 5000 shares at
one time.
I buy 1000 per day at about 15np per share. I sell most at 100np
per share and always keep 2000 shares in case the stock goes over
400...I think it was 400.
It's all in my guide. Go read it. Though, I would be interested
in a "real" analysis of the merits of daytrading vs buying low
and selling high. I would write it up, but I'm too lazy to do it.
(Ed note: I know how you feel).
Itellyawhat... if that dang ol' BOTT can peak high, SSS can too!!! I don't think past history repeats itself for longer than like two years so y'all will be sorry if you don't have much SSS when it peaks high this year. Like ole Peter Fonda, I sell in staggered stages but I like to sell more often so my selling points are lots lower. I sell all but 10 to 12 k shares between 55 and 70, 4 to 6 k shares between 70 and 85, and the last 6 k shares at 85+.
Here's my strat: I buy 1,000 shares per day of whatever stock is at 15 that I have the fewest shares of. I sell 1/3 or so at 60, another 1/3 at 100 and the rest at whatever I think the peak will be - usually 160-200.
So how do I donate to the CountdeMonet fund? (Ed. note: I'm afraid you are a day late and a np short, 42. Unless you want to get some items my Alien Aisha Gallery still needs.)
Ok, I think I've come up with what I did and how I play. It's a mixture of several already mentioned above. I started with a diversity strategy, after seeing w3's (Ed. note: the true stock master) e5 sales and once my port got to somewhere around 550k I started focusing on those that have been to 60 more often. If I have over 15k of a company I sell the "excess" at 60 plus, another 5k at around 80 and hold 10k for over 100. I don't hold long after 100, I've done a 300 plus sale but I look more for profits than spectacular single sales.
My strategy for investment is more than just the stock market. Like the Easy Rider strategy, it takes only a small amount of time to accomplish. Borrowing some of the fascinating analyses from neodaq.com, I found that buying at 15np per share and selling at 60np per share provided the most total profit from the stock market for the amount of time that you hold your stocks. Few of these strategies take into consideration the opportunity cost of having a large number of shares in your port waiting to hit that magical high sell point. While another player is waiting for a stock to hit 100, I can sell that stock at 60, buy many more shares at 15, resell them at 60, etc many times. But, that is only the stock part of my total investment strategy. I then reinvest those profits into items that I feel will increase in value over time. There are many factors that decide whether an item will increase in value or decrease. Let's just say that the Law of Supply and Demand will guide you. I have lost my Neopian shirt on some item investments. I have also made several wise investments into items with my stock profits thus far. Some of these items have increased in price 5 fold! I think that's almost better than the stock market!
And now a word from our sponsors. Without them I, Count deMonet,
would be a plain ole blue aisha with no aptly named petpet. Not a
fitting pet to hold the secrets to advanced wealth in the stock
market. Thank you all so very much.
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pardon my lack of computer programming skills...A big thanks to mickytoto for making this more presentable than I ever could have!
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