It dawned on me that not everyone has a perspective about how hard what I'm trying to do actually is so I thought I would give some perspective to my situation.
I am aiming for a 100% return on my money in one year. If I were to do this strictly through the market, it will take a small miracle or some plain dumb luck. In a good year, the overall market might return anywhere from 12% to 20%. On $20,000, a GREAT return would be $4,000, leaving me $16,000 short of my goal. Over several years, it is next to impossible to average a return this high, so in reality it would take anywhere between seven or eight years for most good stock pickers to double their money. I'm aiming to do it in one year. To make the situation worse, I believe the market is in for a correction. It has been very volatile as of late, and I think it has more to go on the downside than on the upside. This means I have to be very shrewed when it comes to picking stocks, or I have to take a lot of risk by shorting stocks, which I'm not inclined to do.
Now, I'm going to try other methods as well. I'm hoping that somehow I can find creative ways to make money other than picking great stocks but it is going to be very hard. That's why I started this site, to kind of get me some ideas and follow my own thoughts on what it will take to create a viable model for making money. It's easy to do research and come up with ideas, it is much harder to actually go and do something about it.