How I Gamble In the Stock Market
By Tom Findley
Beginning 07/28/11, I have been whipsawed by the short-term up and down trending of the market. I have stopped using the previous trading strategy I devised, and started following Candlestick Analysis tracked by www.americanbulls.com.
I am now trying to make money trading ETF’s for the S&P 500 Index and the Russell 2000 Index.
When the S&P 500 Index chart gives a Confirmed Buy Signal, I sell SDS and buy SSO.
When the S&P 500 Index chart gives a Confirmed Sell Signal, I sell SSO and buy SDS.
When the Russell 2000 Index chart gives a Confirmed Buy Signal, I sell TZA and buy TNA.
When the Russell 2000 Index chart gives a Confirmed Sell Signal, I sell TNA and buy TZA.
The idea of retiring with a million dollars is out of reach. My revised goal is to earn 10% per month on the balances in my stock accounts.
I think a lot of other people have had their retirement plans delayed due to similar market losses. I hope I don't have to work until I'm 82.
Trading results since 01/01/05:
|
Quarter Ending Date |
Stock Accounts Value |
Additions or Taxes Paid |
|
12/31/2011 |
$12,097.00 |
.00 |
|
09/30/2011 |
$15,415.00 |
$5,000.00 |
|
06/30/2011 |
$38,026.00 |
$5,000.00 |
|
03/31/2011 |
$40,840.00 |
$6,000.00 |
|
12/31/2010 |
$31,144.00 |
.00 |
|
09/30/2010 |
$34,768.00 |
.00 |
|
06/30/2010 |
$25,405.00 |
.00 |
|
03/31/2010 |
$39,045.00 |
+$6,000.00 |
|
12/31/2009 |
$36,828.00 |
+$7,500.00 |
|
09/30/2009 |
$33,656.00 |
.00 |
|
06/30/2009 |
$49,735.00 |
.00 |
|
03/31/2009 |
$61,051.00 |
+$18,000.00 |
|
12/31/2008 |
$29,113.00 |
.00 |
|
09/30/2008 |
$61,792.00 |
.00 |
|
06/30/2008 |
$84,156.00 |
-$17,000.00 Taxes Paid and car bought |
|
03/31/2008 |
$92,503.00 |
BDCO collapsed. |
|
12/31/2007 |
$112,937.00 |
BDCO was a big mistake. |
|
9/30/2007 |
$151,347.00 |
$18,000.00 |
|
6/30/2007 |
$105,449.00 |
.00 |
|
3/31/2007 |
$126,247.00 |
.00 |
|
12/31/2006 |
$123,259.00 |
$5,000.00 |
|
9/30/2006 |
$110,018.00 |
$20,000.00 |
|
6/30/2006 |
$87,148.00 |
.00 |
|
3/31/2006 |
$95,164.00 |
$10,000.00 |
|
12/31/2005 |
$95,627.00 |
.00 |
|
9/30/2005 |
$71,938.00 |
.00 |
|
6/30/2005 |
$61,935.00 |
.00 |
|
3/31/2005 |
$57,367.00 |
$4,500.00 |
|
12/31/2004 |
$63,667.00 |
.00 |