Wall Street Update - How to make money in the stock market right now?

SELL! SELL! SELL! That's what everyone's been saying the past few months, and with the Dow Jones still under 10,000, it seems as thought that is what people have been doing. Many people have already seen their retirement accounts cut in half or even worse. Is there any hope? Should I liquidate everything I have, take my losses, and walk away? These have been the questions several of you have been asking yourself the past 6 months. Hopefully, I can show you some things that have been working for me.

Right now, the volatility of the stock market is like nothing we have ever seen. Today the VIX closed at 52.97 (down 24%), giving this market a wide range of trading area. Just within the past two weeks, I have seen several days where the market has had over 700 point swings in the same day. For some, this causes them to grind their teeth and pull out there hair. For others, it creates a great opportunity to make some good cash in a short period of time. Day traders have switched from Penny Stocks to Apple. What you need to make sure of is to be on the right side of the bump. If you are, you chance at making anywhere from 30-300% return on your investment, all in one day.

In days to come, I will keep you up to date of information on stocks that I am playing in my portfolio. Currently, Year to date, I am up 20% in my porfolio, which some may find impossible. There are ones to play on the long side, and ones to play on the short. With the help of ETF funds, people can play the short side without having to go naked on stocks. It's great. And as we continue to see our market get worse and worse, these short positions will take off. For starters, take a look at the ETF, FXP. It closed today around $90. Let's return to this stock in a week and see where it is, my guess is that it will be much higher in between now and then. Continue to check back for other ideas for your portfolio. There are ways to make A LOT of money in this market.

1 comments:

  1. Greg Says:

    dude where you for real 20 percent ? why do you keep talking about 30 40 percent gains/ not that 20 percent isn't good but I think you should be beating that with options whih ones did you lose on?