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General Money Chat Discuss other ways to make money online.

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  #45  
Old 07-12-2008
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Any kind of business is stressful if you want to make money. I've been playing around on a Forex test account for the past 2 weeks or so. Started off with 50k and now I'm up to 85k. It's only play money, though, so I could be down to 0 had I used my real money.

Money is a love/hate relationship. I got 'serious' with money at the age of 16, made 1M, lost 1M and made 1M again. Think about the stress I had with that. It wrecks you.

I used to play with money like it was peanuts. Until I got a wake-up call. These days I hamster money. I play/spend a lot less.
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  #46  
Old 07-12-2008
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You guys are funny, everyone knows Vegas is the only way go...

It'll be Poker time for me in 9 days in counting...
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  #47  
Old 07-12-2008
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I agree there is always stree when making money and when you get that money the stree comes off and then we gothrought the whole process again.
How did you make 1M at age 16!!?
Are you liking forex.com?
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  #48  
Old 07-12-2008
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I inherited 1M at 16, lost it all by 18, then made 1M of my own again by 20.

And once you have some money saved, it doesn't take off the stress. Keeping money is sometimes harder than making money.
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  #49  
Old 07-12-2008
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Wow 1M by age 20 amazing!
Did you make the 1M by age 20 from eBay?
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  #50  
Old 07-12-2008
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Heh no :D But I did make it online. Sold the company, then it went downhill. Not my problem, I got my money. Worked my butt off for 2 years though, 18+ hours in front of the computer Monday to Sunday without a single day of holiday.

I hate money, though. When you have it, you have to worry about losing it. When you don't have it, you worry because ...well, because you don't have money.

Now I just sell on eBay and do some other online businesses on the side. About half the money is used for monthly living expenses and the other half goes into my bank account.
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  #51  
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Thats awesome man 1M that's alot lot money. If I had 1M I wouldn't even bother with eBay. I would just invest that 1M and just live off of that. What kind of comapny/business was it if you don't mind my asking?
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  #52  
Old 07-13-2008
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I dunno how relevant this is,

But there is a movie called "Boiler Room" about Bucket shops. Actually it was one of the best movies I saw last year.

Boiler Room (2000) Ignore the rating. Way too many low IQ people out there that only want explosions and romance. Its at least an 8.
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  #53  
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Modee that made absolutely no sense. Care to explain hef?
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  #54  
Old 07-13-2008
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I think he typed that while baking dutch marijuana cookies.
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  #55  
Old 07-14-2008
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1M USD or 1Myen?
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  #56  
Old 07-20-2008
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I think losing a lot of money at a young age is sort of a wake-up call. I could call it the worst thing that happened to me or the best thing that happened to me, I haven't decided yet.
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  #57  
Old 07-31-2008
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**News update**
I quit trading the forex about 2 days ago. I feel relaxed but now I have to deal with the stress that goes along with online sales. Atleast online sales does not bring me soo much stress as the forex did. Anyways I'm now looking for other online investments I can make so dont hesitate to give some opinions.

BTW forex.com processed my withdrawl request and after the the request had been processed I recieved my money into my bank account without any hesitation.

Last edited by John14789; 08-08-2008 at 03:39 AM.
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  #58  
Old 08-08-2008
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Why did you quit?
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  #59  
Old 08-08-2008
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I quit because there is just too much stress involved. Maybe in the near future I will start trading the forex. Have you officially started trading the forex imjustme?
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  #60  
Old 08-08-2008
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Not yet really, still playing around with it more than anything. I'm not ready to go 'live' for at least a year.
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  #61  
Old 08-08-2008
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Wow.. you think it takes that long to understand it all?
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  #62  
Old 09-14-2008
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You watch a lot of movies Modee, I worked for Blockbuster for four years and you probably still seen more movies then I have. I didn't see Owning Mahoney, but according to Wikipedia you think I'm turning into a gambling addict?

Maybe, that's what moving to Vegas for three months might do to a person. I mean I live a mile from the strip, after reading through the forums what else can I do? Lol

Don't worry, the way things are going I won't be here for long. I'm good but a lot of the guys I play with are pros and just wait for people like me to show up. I have another month and half and I'll be back in Texas.
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  #63  
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My store had Jackie Brown, I even bought the movie after watching it a few times. It's one of the best.
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  #64  
Old 09-15-2008
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I mainly don't touch forex because you're trading a relationship, usually relatively short term. I'd be more likely to trade commodity futures but I'll probably avoid both except for the occassional etf. I'll probably stick with equities and equity options myself. So who here actually thought about buying some lehman puts the last few days and didn't and is now kicking themselves.. lol
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  #65  
Old 10-21-2008
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Quote:
Originally Posted by aspkin View Post
People can make a lot of money with it or lose a lot of money with it. I think it's too risky personally.
Yes friend in this market if playing without proper knowledge then you are lossing your money.
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  #66  
Old 10-21-2008
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Quote:
Originally Posted by greg2414 View Post
gambling is bad and i class this as the big G!
No friend this is not a gamble. Most of the people are in this market. People who gamble dont know whether they are going to loss or get they cannot hold thir positions but here in in this market you can hold positions as traders know that in 3-5 days this position would give him some profit. But in pure gambling there is no news nor you can hold out any positions.
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