so you want to make a million dollars?

We bought some AXT shares AT .002 (1/5 OF A CENT) LAST SEPTEMBER 09, AND THEY ARE NOW .065C (6 AND A HALF CENTS). UP 209%.. but OF COURSE WE DIDN'T INVEST ENOUGH MONEY TO MAKE A MILLION. (we didn't want to take such a risk) AND WE DON'T KNOW IF THIS COMPANY IS LIKELY TO CONTINUE RISING. That's the risk.
Share trading is full of risk. So why not put your money into one of the top 100 companies? becasue you're not likely to get such a rise in your investment. you might get a 10% increase in a solid company.. maybe 20%.. but even that won't make a million.
I agree with Marcus (see below) you need to start a business, learn about tax and accounting, invest your spare cash and TRY to gradually build a million.
you can join other traders in forums like http://crazyjimsmith.blogspot.com
and get good advice.It's worth the investment.

here's an article on the subject by Marcus Padley.ref marcus padley 23.03.2010
someone wrote
"I have $10,000 and want to turn it into a million dollars. How do I do it?" Marcus Padley (respected share trader) demonstrates how you can achieve this goal by taking advantage of the stockmarket.
I got an email this week. I ask for Stupid Questions in my newsletter and I get them. "I have $10,000 and want to turn it into a million dollars. How do I do it?"
You're thinking "How Stupid" but it's actually a really good question. So let's try and answer it.
First thing to do is to accept that you will not achieve this goal without being prepared to lose all your money. You will not achieve it in the bank, in cash, in property or in managed funds. There is no "average" return in any asset class that will suit you. You need to win Tatts Lotto or place and win some long odds bet at the bookies.
Outside that you have two options. Build a business, the most sensible option and the real answer to the question, or the stockmarket. The stockmarket appears to be less effort so let's look at that.
If you try to achieve this goal in the stockmarket you will not do it through diversification. A "portfolio" is not for you. You will only achieve it through two techniques. The first is to find one stock, one fantastic "Rocket under a Rock" and ride it to a million. Or two, get a lot of stocks right consistently over a long period of time, in other words you need to develop a trading system and build the capital by consistently successful trading over a long long period of time.
If you are going to build a trading system you have a lot of work to do. You'll have to get your head in the trading game. That means getting an education in how to trade and buying the software to do it.
If you are going to do it in one stock then here are a few numbers. To turn $10,000 into $1,000,000 you need a stock that goes up 100 fold. That's a 10,000% return. In the All Ords at this very moment (about 500 stocks) there are exactly 60 stocks that have in their trading histories, if you timed it perfectly from all time low to all time high, returned more than 10,000 percent. That's a lot better odds than you might imagine. That's 12% of stocks. Here are some of the highlights:
Biggest and fastest rises in history:

Fortescue Metals. Turned $10,000 into $73,166,166 between September 1990 and June 2008. 17.8 years. This is the biggest single return of any stock over any period in the All Ords.
UXC Limited. The fastest of all. Turned $10,000 into $6,000,000 between June 1998 and March 2000 in the Tech boom (it was called Davnet at the time). 1.8 years.
Paladin. Turned $10,000 into $13,500,000 between April 2003 and April 2007. 4.0 years. Third biggest return and the third fastest.

Other stocks have done remarkable things with $10,000 include News Corp. which turned it into $26,692,393 in 25.4 years. BHP into $2,543,468 in 42.2 years. QBE $12,165,775 in 32.7 years. Others that have achieved it include ANZ, RIO, Woodside, Origin, Santos, Leighton Holdings. Coca-Cola Amatil, Lend Lease. The list goes on.
Bottom line, it is possible. But it will not be easy and it could take 42 years. And I ask, how on earth are you going to stop yourself selling when you have doubled your money to $20,000. And what are you going to do when it falls on day one. And the big one....which stock do I start with?
I have written before about how pitiful the real average return from the stockmarket actually is post tax, inflation, transaction costs, management costs and the index fudge and because of that the stockmarket is not about averages and diversification, it is about timing and buying stocks that go up.
The pursuit of $1,000,000 with $10,000, as unrealistic as it is, is the essence of what this game and the advice game is all about. It's not about pretending to be fund manager, hiding in the average and relying on the long term. There are no free lunches. It's about finding stocks that go up and avoiding stocks that go down. It's about thinking it's possible and applying yourself to the task. Even if you come up 9900% short, you've still doubled your money. "

REMEMBER: This is not financial advice. YOU TRADE AT YOUR OWN RISK. you are responsible for your own decisions. I/We could be wrong.. no one can see into the future.. not even you..

It's September and there is some confidence showing

After nearly 18months of bad share trading, ( a BEAR market) confidence seems to be returning and the market is rising again. (the BEAR is turning into a BULL and we hope there is a stampede by the herd which will push prices up.)This confidence is because America seems to be improving and although their unemployment rate is still high, people are buying houses again. (but can they afford the sure- to- rise interest rates?) Right now there are still many cheap shares under ten cents.

I recovered all the losses last month, and we made over 5000.00 profit on the shares I recommended. they were ABY.AX (bought at 11 cents and sold at 1.oo)
and MCW.AX bought at 17 cents and sold at 63 cents.
many of the under ten cents shares are rising slowly. so the message is:
if you invest $500.00 and a 1 cent share doubles, then you double your money and make another $500.00 plus get your investment back.
But of course you have to buy the right shares.. so what "sector" is likely to rise? energy, mining, food , banks, etc?? and what can we afford to buy with 500.00? That is the question.

Ask yourself, what has sold well before and dropped in the recession.? what was the previous high and low for the year (or check for two years). what has risen recently? so who knows what? why are people buying this particular stock?
go to the www.asx.com.au , check in the market statistics for volume each day. (after 4.30pm) see what rose and write down the companies that were cheap. then go to company research and look at their graph. Then go to www.yahoo.com. and type into the finance section the code plus .ax, example aby.ax and see the information quoted. you could also goto google to see how much money the company has.. it really needs to have a few million in the bank. say 50 mill. that is called capitalisation. too low and they might go broke, and you will lose all your money..
to learn more you can visit the pages at www.asx.com.au for heaps of free learning.
Making money on the share market is a JOB. you earn your money because you do research.
you do take risks, but you spread your risk by not putting all your eggs in one basket.

best of luck .Mega