This was one of those times when I just knew I was going to get rich, because one of the operators for an oil company told me that they had hit a huge pocket and production was going to go through the roof. He was going out to buy as many shares as he could.
Holy shit, me too. I thought to myself. I want in on some of that action. I went home and opened up a day trading account at my bank and bought a few thousand dollars worth of their stock. (Hey, I was a single oilfield worker at the time. I had good cheques coming in.
Unfortunately this account came with traders that were not allowed to advise you on anything.
Now I’m poor. Not because of that. I’ve pissed away a lot more than that, just on pizza. I lost over half of it though, so I’m still a little pissy about day trading. I just looked at the stock price today, and it’s about where I left it six years ago, so I wouldn’t have made it back anyhow.
I don’t know how some people make any money at this, but apparently they do. I saw Timothy Sykes’s best penny stock picks on the internet, and he claims:
He Turned $12,415 into $2,850,000
Yeah? Well can you give me the $12,415 so I can have a go at it then? I don’t know about all of this “free money”, but I’d like a little bit of it. Send it my way, please.