I haven't done my HW, and the company apparently hasn't been approved by the SEC yet, but just reading the Surkus promotional material on Startengine really excites me. The team looks amazing. Apparently they are already generating revenue, and they are looking to expand quite rapidly. Count me in (unless HW turns up something really negative): https://www.startengine.com/startup/surkus
I've been waiting for a few months now for them to open for investment.
Friday, March 18, 2016
Ground Floor with ELIO Motors, a potential 5x return! (holding now)
ELIO: A Startengine campaign though the new A+ regulation. I bought 100 shares from the company at $12 each. I need to transfer them into my brokerage account and look for a favorable opportunity to sell and/or buy. One to sell has already passed. Oh well. This was my first time doing a venture-capital-like deal and I essentially looked at this as a long-term investment where I was potentially throwing my money away. Another thing I noticed: The chart for day 2 of trading on Think or Swim showed a low of 0.03 cents!! What a range!!! Newly traded company shares could be very profitable IF one puts in limit orders for ridiculously low prices. Just think if such an order was hit!! OMG like 5000% profit...on a few shares at least. This is not a large-scale strategy due to the low volumes. Therefore I'm afraid I will essentially have to shelve it...except for times of severe market turmoil when even large companies like GM went in minutes from $30 per share to $22 per share, then "instantly" recovered to $28 per share. Ford, Appl, ARI, others did the same thing.
Anyhow, next time I do a venture capital deal and the company alerts me that the shares are listed for trading (Elio Motors was apparently a historic first to do so after raising funds through A+ legislation.) I will transfer them for live trading immediately and look for those insane opportunities to sell for 5x after just a few months. The company was honorable, with shares starting to trade at $14, $2 more than what I purchased for!! Thank you Paul Elio and CO. for not burning your investors!!! Elio now has a profile on SEC.gov I believe, where all their information can be analyzed. I don't know if they had this when I invested. I kindof did so blindly on faith, which I don't like to do of course.
Anyhow, next time I do a venture capital deal and the company alerts me that the shares are listed for trading (Elio Motors was apparently a historic first to do so after raising funds through A+ legislation.) I will transfer them for live trading immediately and look for those insane opportunities to sell for 5x after just a few months. The company was honorable, with shares starting to trade at $14, $2 more than what I purchased for!! Thank you Paul Elio and CO. for not burning your investors!!! Elio now has a profile on SEC.gov I believe, where all their information can be analyzed. I don't know if they had this when I invested. I kindof did so blindly on faith, which I don't like to do of course.
$1.1K With VXX
Yesterday my first (complete) real trade since taking a break from the markets. A success. There will be many more. I think I have finally mastered the concept of using real money for high confidence trades and paper + research for theoretical.
A short on VXX at the approximate levels indicated selling about $4000 in stock and buying back -1.1K later (after commissions). I held the trade for 39 trading days. It was definitely not the best trade in the world. I could have sold more short, I could have added to my short on that second peak, I could have traded between the peaks, I could have waited to buy back and squeeze a bit more profit from the market. I could have traded VIX options instead (need to look at strategies and compare to historical data first). The point is simply: stay safe and get better a little bit at a time. There are so many ways to trade, so much uncertainty, and so many ways to mess up. Bringing the flight home and not panicking is a big accomplishment for a novice trader. Not being tempted to get out early. Sticking with the plan although I could see the second peak coming and didn't know how volatility would go.
As a bonus, enjoy the following volatility instrument comparison:
P.S: I have been thinking lately about starting a fund of some sort. Will look into the legal requirements of this.
A short on VXX at the approximate levels indicated selling about $4000 in stock and buying back -1.1K later (after commissions). I held the trade for 39 trading days. It was definitely not the best trade in the world. I could have sold more short, I could have added to my short on that second peak, I could have traded between the peaks, I could have waited to buy back and squeeze a bit more profit from the market. I could have traded VIX options instead (need to look at strategies and compare to historical data first). The point is simply: stay safe and get better a little bit at a time. There are so many ways to trade, so much uncertainty, and so many ways to mess up. Bringing the flight home and not panicking is a big accomplishment for a novice trader. Not being tempted to get out early. Sticking with the plan although I could see the second peak coming and didn't know how volatility would go.
As a bonus, enjoy the following volatility instrument comparison:
P.S: I have been thinking lately about starting a fund of some sort. Will look into the legal requirements of this.
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