Started trading part time in 2005 then went full time in 2007. Had a carpet cleaning business up in Kansas for 18 years and retired at age 52. We moved from Kansas to Texas for the better weather. Anybody who has or does live in the Midwest knows how brutal the winters can be.
Austin is very vibrant much like Portland, Oregon or Nashville, Tennessee. Keep Austin "Weird" is the city motto which basically means they support "local" business more over big box stores although there is plenty of that here also. It's eclectic here with people from all over the USA moving here. About 100 people a day move here and we have the 8th worst commuter traffic in the USA BUT besides that we like it here.
Austin has 23 companies which are listed on the NASDAQ representing a combined total market value of $242 billion such as Whole Foods, National Instruments, Cirrus Logic, EZCorp Inc., Silicon Labs, Chuy's (Tex Mex restaurants), Luminex Corporation, Open Text Corporation, National Western Life Group, Inc, to name a few.
Dell Technologies Inc. and American Campus Communities Inc. are listed on the NYSE. Dell is about 20 minutes away from where I live.
Both Apple, Samsung and IBM have huge operations here. The idea for Twitter got started here in Austin years ago at SXSW.
Here is the full list of the ETF's I trade in these sectors:
RUSSELL 2000 2X long & short ETF's - $UWM $TWM
NAZ 100 2X long & short ETF's - $QLD $QID
EMERGING MARKET ETF's - $ADRE, $EEM, $EEV, $EET
BIOTECH ETF - $FBT, $IBB
SEMICONDUCTOR ETF - $SMH
COMMODITY ETF's - $GSG , Nat Gas $UNG, 3x Bull Nat Gas $GASL $UGAZ, 3X Bear $GASX $DGAZ
PRECIOUS METALS ETF's - Gold $GDX , 3x Gold Bear $DUST, 3x Bull Gold $JNUG, Platinum $PPLT, Copper $COPX, Silver $SLV, 2x Silver Bull $AGQ, 2x Silver Bear $ZSL
OIL SERVICES ETF - $IEZ
OIL ETF - $XLE
In the past I traded individual stocks but found it very difficult to know the companies "real inside" story. I'd buy a stock and then later on it crashed 10% or more because of some accounting issue or the CEO left the company etc. So now I focus on individual stocks in the Precious Metals space only along with ETF's.
ETF's have broader diversification with hundreds of companies inside each ETF which reduces the volatility.
My ultimate favorite 2x ETF to trade is the Russell 2000 Long $UWM or Russell 2000 Inverse $TWM. These ETF's cover the top 2000 small cap companies and can move 1 to 3% in a given day up or down. They got the juice.
I've traded everything including the risky 1 cent stocks including Pink Sheets. Anything below $5.00 is technically considered a penny stock but I like the $1 to $5 stock range due to the volatility. I just try to get in and "scalp" it. I'm not trying to get ten to fifteen per cent because it's difficult to know when it will turn on you. Don't get greedy. Keep in mind the person on the other end sees everything you are doing and if they want to burn you they will by suddenly reversing the algorithm causing you to panic. Each time you go in and out cost what ever your brokerage firm charges for trades. You have to factor that in to your profit/loss statement that you should be keeping on your computer in the form of a spreadsheet.
Either you are trying to supplement your "regular job" with some part-time trading revenue or you are doing it full time like I am. Don't bet more than you can afford to loose. And never put your entire family's saving in this racket. You'll end up broke. Be suspicious of any stock market news and do your own homework. The TV pundits get paid to hype stuff up. Nobody knows what's going to happen each day ahead of time and if you did and your were caught you'd be in prison.
Be conservative and be happy if you make an average of $50 dollars a day. If you do that everyday you'll have made an extra $1000 a month. That can pay the rent and even get "mama" some new shoes:)
I have a private small company with a few different revenue streams. I survive off of one particular stream and invest the other smaller streams into the market.
I consider myself a longterm value investor and am not risk averse. I have three seperate portfolios each holding one third of my capital.
My goal was to create a multiframed method of analysis that might allow the average retail investor to pick investments that have a high probability of doubling or tripling. I am willing to cut against the grain and take contrarian deep value bets based on price value inefficiencies. I would like to compound at 30% average yearly gains in an all of my accounts. I have had 2 years of compounding my money at over 300% in these accounts so I would be ahead of my current benchmarks. As of end of 2013.
However, I do not expect to be able to repeat my results over the long term by trading. In fact I expect to sometimes underperform the market as many of my ideas might take time to come to fruition. I will often use arbitrage opportunities or short term swings for smaller gains. I am working on fine tuning my methodology but I believe it is unique and should produce the minimum average of 30%. I am currently ahead in this race and can withstand a correction as my portfolio grows quickly. I am also willing to get defensive if need be to protect capital or even go 50%cash. I run this as a very concentrated portfolio.
One third of my capital goes in a DRIP that I average in monthly to seven companies. I change these companies yearly based on valuation and position size. I grow positions here over time and never want to hold more than 30 companies in this account.
One third goes into long term companies that I see huge growth potential.
One third is in speculative bio-tech, tech and just about anything else where I can understand the financial statement sheets on and has great possible momentum and catalysts.
I often find myself going against the current trends in the market as I see opportunity in others fear. That said I seem to invest in around 15 stocks at a time and try to focus investments into the company at the best value. I hope to earn a healthy return over the next ten years to twenty years.
I am also interested in working in the industry as a career change and am always open to advice. Anyone out there want a 36 year old intern with advanced degrees in other areas?
My main skills are finding deep value opportunities and lucrative swing trade opportunities. I seem to have found a lot of bottom entries even in today's markets. I am willing to learn, enjoy games/game theory, love to read and solve problems.
I am working on starting a limited partnership for 2015 or 2016 so that I can share my gifts with family and friends.
"What looks like a horrible disaster now could be an awesome opportunity." "Buy Cheap when the big funds and others are giving it away"
All the Best,
carefully investing but more often investigating; have had 6 decades of remembered losses in both public markets and private placements. Still a board member of a newsworthy nonprofit; still holding shares in companies seeded long ago but not yet having reached their investor exits. Trying to be thoughtful about investments and enjoying the experience. Becoming less current all the time, likely you can only be finding me a doddering old fuddy duddy for what I post here.
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