Trade 8 of 73 happened on August 6, 2018 and lasted all of seven minutes.

The company that I traded was HMNY, the owner of the MoviePass, who’ve been a lot in the news lately. MoviePass is like Netflix, but for movie theaters. You pay ten bucks a month and watch all movies you want.

If it sounds too good to be true, that’s because it is. While the service is legitimate and millions of people have been taking advantage of it, the company is losing a lot of money, and in the recent weeks their stock price has imploded.

On the morning of August 6, however, the stock saw an aggressive spike and I saw my opportunity.

This trade is cause for a mini-celebration because my initial thousand dollars has now more than doubled and turned into $2,144.

Here are the details for Trade 8.

Stock: HMNY
IN date: 8/6/18
IN with: $1,949
IN price: $.1073
Shares: 18,000
OUT date: 8/6/18
OUT price: $0.1202
OUT with: $2,144

See you at Trade 9!

Tim H.

Success! Trade 7 was another quick one. Went in at the close of the trading session on June 13 and went out with 10% gain during the first few minutes of trading on June 14. I now have $1,949 to put towards trade 8. Next goal is $2,144.

See you at Trade 8!

Tim H.

Trade: 7 of 73
IN with: $1,772
Date: June 13, 2018
Company: Hemp Inc. (HEMP)
Number of shares: 50,000
Purchase price: $0.035
Will sell at: $0.0392
Current goal: $1,949

HEMP was my Trade 5 stock around New Year’s time, and I’ve been patiently waiting for another opportunity, which seems to have arrived with this week’s news from the Senate. I bought 50,000 shares at $0.035 and will sell them all at $.0392.

Until then.

Tim H.

Hello, world.

It is time to admit that the first attempt at turning a thousand dollars into a million has failed. I initiated Trade 6 back in March of 2016, and since then the company (ECIG) went bankrupt. The stock is still trading, but the $1,611 that I put in is worth about $18. I have serious doubts that it will ever climb back up.

Fear not though – I am a patient man and don’t give up easily. In December of 2017, I restarted the experiment with a fresh $1,000 and have successfully completed 6 trades and am now caught up with where we failed the first time. Here are the details:

Trade 1: REXX
IN with $1,000 on 12/14/17
OUT with $1,100 on 12/21/17

Trade 2: BTCS
IN with $1,100 on 12/22/17
OUT with $1,210 on 12/22/17

Trade 3: GNCA
IN with $1,210 on 12/22/17
OUT with $1,331 on 12/26/17

Trade 4: GNCA
IN with $1,331 on 12/27/17
OUT with $1,464 on 12/27/17

Trade 5: HEMP
IN with $1,464 on 12/29/17
OUT with $1,611 on 1/2/18

Trade 6: REXX
IN with $1,611 on 1/3/18
OUT with $1,772 on 1/3/18

I am going to resume regular updates with Trade 7. Let’s see how far we can get this time and whether the last two years of watching the markets have taught me anything.

Stay tuned.
Tim H.

Trade: 6 of 73
IN with: $1,611
Date: March 8, 2016
Company: Electronic Cigarettes International (ECIG)
Number of shares: 4850
Purchase price: $0.33
Will sell at: $0.37
Current goal: $1,772

ECIG is a penny stock, which makes this a slightly riskier trade. A year ago, you couldn’t trade this stock without a box of Zoloft by your side. However, ever since their new management decided to focus on improving the business, the stock’s price has stabilized and seems to have found its bottom at the $0.20 level.

In the last few weeks, ECIG started an upward trend. With the recent positive PR and their financials due later this month, I am betting that this can be a fairly quick trade.

Tim H.

On March 4, 2016, REXX reached the target price of $1.23, and Trade 5 closed with the required ten percent gain. We now have $1,611.

This trade took just over two months. I opened the trade at the end of December 2015, and if you may recall, January was a brutal month for stocks, and energy stocks in particular. I saw my investment reduce by more than half.

Then two months later, as it often happens, the reversal took place. Fueled by good news and what the analysts call “epic short squeeze”, the price of REXX shot up over a hundred percent in a matter of days, erasing my losses and giving me the ten percent gain.

Let’s see if I can find a trade that will take me less than a month. Stay tuned.

Tim H.

PS. If you want timely updates, I do send out and email as soon as I buy and sell the stock. The sign-up form is on this page. No spam, I promise.

On December 21, 2015, I initiated Step 5 towards turning one thousand dollars into a million.

I bought 1325 shares of REX Energy Corp. (REXX) at $1.10.

REXX is a Pennsylvania-based energy company whose shares have suffered dramatically over the last year and a half due to collapse in oil, recently hitting the low of $0.89 per share (compare this to its peak of $21.50 in April 2014). The price seems to have found support right around $1.00 mark where it has hovered for a few weeks now. This stock has had several quick 50-100% upward moves this year, and because the current price level is near all-time low, my bet is that the risk of the significant downward move is low and the stock will have no problem gaining ten percent in the near future.

My ten percent goal for Step 5 is $1,611, so I’m setting the sale target price at $1.23.

Crossing fingers this step takes less than nine months. In the meantime, I wish you a very happy and prosperous 2016!

Tim H.

Sheeeeeeeesh. Step 4 took NINE GRUELLING MONTHS! But I’m happy to say that on December 18, 2015 my goal of $1,464 has been finally met.

If you recall, back in March of 2015 I bought 100 shares of RWLK at $13.31 per share for a total of $1,331. My target price was set at $14.72, and twice in the first month the price came within a few cents of the goal. Alas, it then started sliding and continued downward for many months as I watched my investment of $1,331 decline well below $600.

It was painful, but I chose to follow my rules and waited as long as I had to.

Earlier this week, major positive news came out and the stock price surged, erasing all of my heavy losses and giving me that elusive ten percent.

You may say – twelve months into this experiment and only 4 completed steps?
At this rate, Tim, it will take you decades to get to the million. What’s the point?

Think about it this way: a year ago I had $1,000 and today I have $1,464. That’s 46% gain in one year. Most citizens of capitalist societies consider themselves lucky when they see their investments grow by 8-10% in one year. And if you take into account the fact that the S&P 500 Index has actually declined -2% in the same twelve months, our 46% growth is impressive.

But maybe it’s just beginner’s luck. Let’s see how Step 5 goes. Stay tuned.

Tim H.