Hi Guys,
Erick, you're right, - I know for sure that he plunged US$6b into Goldman Sachs at $137 per share a couple of months ago. For that he gets certain rights above and beyond regular smaller holders like us. However, they touched on $46 just the other day, so he could have got a better deal if he'd waited a bit longer. But who'd be the one to say he's not doing it right? Not me, for sure
Geoff, I've been doing this for years, and have had the ups as well the (many) downs, - although overall I'm ok at it. But I commented to my wife just the other day about how many times I can remember things going pear-shaped big time... and how I hardly ever recall things going up so much that I got all girly with excitement. I also do the Forex stuff as of recently and that's going pretty well actually, although some members of the forum would possibly have me thrown off the cliff for this shameless barbaric practice
I'd really advise you to use small amounts of money at first Geoff -
about $2k (assuming of course that you agree that $2k is smallish), and to have a plan. Not sure about the 5 day cycle you mention. I'd recommend a charting package of which there are many on the market, as most traders follow what's called technical analysis for shortish term trading. Also advise you to take a short course on how to do it, and more importantly how to not lose all your money or your sanity whilst 'doing it'.
All the best with the picks
