How to Make $6 Million in the Stock Market

Can you make $6 million in the stock market? Sure. Start with $10 million and lose 40%. My point is I have no way of knowing where you are coming from. But I knew a trader who took his $50,000 account and ran it up to $6 million in just 5 years.

How did he do this? He would simply look for the best,strongest stock in each market cycle and go all in on that stock. His initial stop was 10% to 15% and he would ride out those 20%+ corrections along the way. Often when he doubled his money he would then take out leverage with his stock broker to buy more. He would hold these stocks for 6-12 months and often make 200% on his money. Then he would look for the next one. He told me he only made 6 trades in that 5 year period to obtain this amount.

He got to the stage where was trading “house money.” Often he would say to me “well even if I take a hit here I only lose the house money. no big deal. This was fearless trading. And it is the only way anyone can make such massive gains. No money manager or professional fund would dream of investing this way. Their jobs would never allow for it.

How did it end for this trader? Well he was all in a stock called CROX in 2007 and it gapped down 30% overnight. He lost over $2 million in one night alone. Ouch,. but to make it worse he held on for another $1 million loss. What a loser right? I mean there you go everyone said he was gambling. He told me he expected that day to arrive one day. You “play with fire you will get burnt” But so what? He still took a $50,000 account to over $3million in five years. Do you know of any fund that as ever some anywhere near this?

What lessons can be learned?

There’s no doubt about it if you want big gains in the stock market you have to take bigger risks and be more focused. Diversifying will mean average results at best.

You need 100% conviction and confidence in your trading method and ability to trade it.

Scared money cannot make it. You almost have to be uncaring about the losses and draw-downs.

Huge gains in the stock market are possible and have been done by traders.

San Francisco is the Most Photographed City in North America – A Book Review

The Golden Gate Bridge towering over San Francisco Bay as the fog clears, a testament to mankind’s will to overcome adversity, and a symbol to all of a great city. Perhaps, there is no other bridge in the world that captures the human spirit and imagination and there is definitely no city more photographed in the last 100 years than San Francisco. Some say that Las Vegas is more photographed, but mostly people buy post cards there and are too busy being tourists and gambling to take pictures.

Now then, what if I told you that you could have a beautiful collection of pictures of San Francisco, really classy professionally done photographs by the top photographers of our time? What if I told you that you can have all this one awesome coffee table book? Well, it’s true, and the book I describe, I own myself, the book is:

“San Francisco – Photographs by Morton Beebe” with essays from Herb Caen, Tom Cole, Barnaby Conrad, Herbert Gold, and Kevin Star.

This awesome collection has over 200 high-quality extra large photographs and everyone captures the human spirit of San Francisco. Museums, nightlife, beaches, harbor, tourist attractions, trolley cars, row houses, bridges, events, and people. It’s all here, along with lightening, moonlight, sunrises, neon lights and sailboats on the bay. The restaurants, the sights, the hotels, the architecture, it makes San Francisco look like the greatest city in the world.

This is a must have keeper of a photography table book. Now you might ask me what are the cons to this book, I mean I’ve just described how great it is. Well, one of the cons of this book is that it is very heavy, because it is so packed with high quality pictures. Think on that and get a copy today for your family too.

Why is Slot Machine Gambling Considered "The Crack Cocaine" of Gambling Addiction?

Why is slot machine gambling so addictive? Why is it coined the “crack cocaine of addiction”? Why is slot machine gambling considered to be the MOST addictive form of gambling that exists today?

I will try to answer these questions in this article. The questions are quite significant, and the answers can help to explain why so many people have gotten hooked on the “slots”, “pokies”, and “fruit machines”.

Slot machines use what is known to psychological behaviorists as “intermittent reinforcement” Basically, what this means is that a winning hand on a slot machine only happens sometimes.

This type of reinforcement is known to be very powerful because an individual is only rewarded at certain intervals. This can create an addictive reaction , resulting obsession quite easily. When you reward only sometimes., it is sure to create an obsessive reaction.

In addition, studies have shown that the neurotransmitter dopamine plays an important role in developing a gambling addiction. Dopamine is known as the “feel good” chemical. The illusions of patterns in slot machines, and the intermittent winning spins create a rush of dopamine in the brain that makes people desire continued play.

You have probably heard in the past that gambling addicts are “addicted to the action”and not really as interested in winning money like they may think they are. This is because the dopamine rush is so powerful and pleasurable, that the action of gambling becomes euphoric in its’ own right. It is a means it itself rather than a means to an end.

The role of dopamine is in the brain is very significant and powerful. Individuals with Parkinsons Diseases who were taking medications to increase dopamine in their brains were becoming addicted to gambling, specifically, slot machine gambling. Once these individuals stopped the medication, their addictive and obsessive gambling stopped. This happened to a significant amount of people taking these types of medications.

Slot machine addiction is considered to be the “crack cocaine” of gambling for a few different reasons.

Crack cocaine is one of the most highly addictive drugs that exists today. Slot machine gambling is also considered to be the most addictive form of gambling… hands down.

The two can also be compared to each other because of the very quick, accelerating progression of the addiction. A person can hit total despair and devastation with a slot machine addiction in one to three years. Other forms of gambling do not accelerate as quickly.

Another comparison is how both forms of addiction can create such debasement, despondency and despair because of the power and intensity of the addictive substance/behavior.

Stealing, prostitution, drugs, loss of job, marriage, and finances are common with both of these addictions. You may have heard horror stories of individuals with either of these addictions. These stories are all too common.

As you can see, it is very easy to compare slot machine addiction to crack cocaine addiction. The common characteristics of both addictions is quite impressive.

Why is Slot Machine Addiction Considered The MOST Addictive Form of Gambling?

This question is related to the above two areas that I have covered, except for a few other concepts which I believe are worth noting:

o Slot machines are designed by psychologists and other specialists who are specifically instructed to design slot machines to seduce and addict people.

o The new video mulit-line electronic slot machines have graphics and colors that are very compelling and stimulating to the eye.

o The music in video slot machines is very stimulating, repetitive, seductive , and truly reinforcing. There is strong subliminal suggestion in this.

o The bonus rounds in video slot machines can encourage continued play, even amidst great losses, since bonus rounds are very exciting and provide a rush.

o The speed of play, and the speed of modern slot machines keeps your adrenaline pumping, especially with all of the above factors.

o The jackpots in slot machines can be huge, however, the chances of winning these jackpots are equivalent to winning the powerball lottery, if not more improbable.

o Slot machines can be a place to “zone out”. Today’s slot machines can put you into a hypnotizing trance that is hard to break out of.

o Slot machines require little or no skill, making it easy to just sit there and push the buttons, without a thought, forethought, or contemplation.

o It is very easy to keep playing slot machines because all accept dollar bills, and give players coupons upon ending play. Money loses its’ value and becomes “monopoly” money.

o ATM Machines are usually in close proximity to the slot machines, again, encouraging continued play.

o Many slot machines use denominations of 1 cent to 5 cents. This fools the gambler into thinking that they are not spending much. What is not being said, however, is that the maximum bet can be as high as $15 to $20 per spin. Is this really a penny or nickel machine?

Mobsters in America – Caspar Holstein – The Harlem Policy King

He was considered a genius; a compassionate man who gave freely to the poor. But Caspar Holstein made his fortune in the Harlem numbers policy game, which he helped invent.

Casper Holstein was born on December 7, 1876, in St. Croix, Danish West Indies. His parents were of mixed African and Danish descent, and his father’s father was a Danish officer in the Danish West Indies Colonial militia. The Holstein family moved to New York City in 1894. Holstein, an extremely bright boy, graduated from high school in Brooklyn, which was no mean accomplishment for a black man before the turn of the century. After graduation, he enlisted in the Navy, and during World Ward I, he visited his homeland, which by then was known as the West Virgin Islands.

When Holstein was discharged from the Navy, he worked at various odd jobs, including being a doorman in an Upper East Side building. He also became a personal assistant to a wealthy white couple, and years later after he made his fortune, and they had lost theirs, Holstein supported this couple, then paid for their funeral.

Looking to better himself, Holstein wandered down to Wall Street, where he got a job, first as a messenger, then head messenger, for a commodities brokerage firm on Wall Street. Holstein became enamored of gambling, especially the horses, but he also dabbled in the stock market, perusing daily figures from the Boston and the New York City Clearing Houses. One day, an idea came to Holstein that would improve his lot dramatically. He knew that people in black neighborhoods, such as Harlem, loved to gamble, but most didn’t have enough spare cash to do so. When he had saved enough money to start his endeavor, Holstein devised a scheme where people could bet as little as a dime on a random set of three digits numbers, that would appear daily in the New York City newspapers.

Using the Boston and New York City Clearing House figures, Holstein took two middle digits from the New York number and one middle digit from the Boston number. So if the two clearing house totals were 9,456,131 and 7, 456,253 respectively, the winning number would be 566; the “56” being the two digits before the last comma of the first figure, and the “6” being the last digit before the last comma of the second figure. This system was so random, it could not be manipulated, like it would be later, when gangster Dutch Schultz muscled in on the Harlem numbers racket, and began using race track figures, which indeed he did manipulate. By the early 1920’s, Holstein’s system was the rage in Harlem. Holstein became known as the “Bolita King”, earning an estimated $5000 a day.

Using his newfound wealth, Holstein contributed generously to worthwhile causes. He gave huge amounts of cash to the the St. Vincent Sanitarium, the nationalist Garvey Movement, and he funded prizes for Opportunity Magazine’s literary awards, which discovered much of Harlem’s young talent. Holstein built dormitories at black colleges, and he financed many of Harlem’s artists, writers and poets. He also helped start a Baptist school in Liberia and he established a hurricane relief fund for his native Virgin Islands. The New York Times said that Holstein was, “Harlem’s favorite hero, because of his wealth, his sporting proclivities and his philanthropies among the people of his race.”

Seeing how Holstein and Stephanie St. Clair had turned Harlem into a financial bonanza due to their numbers rackets, gangster Dutch Schultz barged in and took over their games. Just like that. Schultz had big politicians, including the disgraced Jimmy Himes in his back pocket. Schultz also bought off the cops, and killed black numbers runners in droves. Schultz eventually forced St. Clair to work for him, but Holstein refused Schultz’ offers to consolidate their number rackets.

In 1928, Holstein was kidnapped for $50,000 ransom, by five white gangsters, whom were presumed by the Harlem public to be goons sent by Schultz. The news of Holstein’s kidnapping made national headlines. The New York Times reported that Holstein had been seen at Belmont Racetrack just days before his abduction, betting more that $30,000 on the ponies. Holstein was released after three days in custody, insisting he had paid no ransom. His explanation was that his captors had felt sorry for him and had released him with $3 cab fare.

Yet Holstein’s tale carried little weight, when he soon cut down on his policy activities. A few years later, Holstein completely stopped his street operations and operated only as a lay-off better. In 1935, despite the fact that he was barely in the game, Holstein was arrested for illegal gambling. He was tried and convicted, and spent one year in prison. Holstein claimed he was framed, possibly by Schultz, but he did his time in jail uneventfully. When he was released from prison, Holstein got involved in the real estate business, and he provided mortgages for people in Harlem, whom the regular banks shunned.

Casper Holstein died on April 5, 1944, at the age of 68. More than 2,000 people attended his funeral at Harlem’s Memorial Baptist Church. A scholarship at the University of the Virgin Islands and a housing development in St. Croix are named in Holstein’s memory.