odanny
Diamond Member
This is one example of how to make money in the stock market.
I won't mention the stock, but I bought it at around $1.50 a share (can't remember exact price) back in January, I bought 13K shares and invested $20K.
Last week the stock jumped to $4.15 at opening, and I unloaded 7K shares, which returned me just under $30K. I still have 6K shares, and the current stock price is $2.70.
The intent of the thread is to show how to make money playing the stock market. Everyone has their own strategy, but I like buying stocks priced under $5.00, preferably those who were not over $10 a share. If those stocks were once over $10, then I buy and hold and usually sell as soon as I see an opportunity to double my money.
The best option is to buy a stock that has never exceeded $5.00 in value, usually in the $1.00 to $2.00 range, and wait for it to double in value. If you feel there is growth in its future past 2X your investment, you can sell half and hold the rest, or you can just hold and wait until you see an increase that you like.
I won't mention the stock, but I bought it at around $1.50 a share (can't remember exact price) back in January, I bought 13K shares and invested $20K.
Last week the stock jumped to $4.15 at opening, and I unloaded 7K shares, which returned me just under $30K. I still have 6K shares, and the current stock price is $2.70.
The intent of the thread is to show how to make money playing the stock market. Everyone has their own strategy, but I like buying stocks priced under $5.00, preferably those who were not over $10 a share. If those stocks were once over $10, then I buy and hold and usually sell as soon as I see an opportunity to double my money.
The best option is to buy a stock that has never exceeded $5.00 in value, usually in the $1.00 to $2.00 range, and wait for it to double in value. If you feel there is growth in its future past 2X your investment, you can sell half and hold the rest, or you can just hold and wait until you see an increase that you like.