I watched this stock rise and rise for a couple of days when I decided to short sell it thinking it may drop soon because it was so high. Next thing I know, later in the day the company was being investigated for corruption and fraud which dropped the share price drastically and I covered it immediately.
Sunday, 27 September 2015
This week I was extremely successful in the game. I still stuck with the same companies including: TVIX, JNUG, EOG. I gained more confidence this week and invested more shares at a time into each stock. In one of my gold stocks I invested about 30,000 shares and put in a stop-loss order (which I learned this week and came in handy)once the stocked dropped 10 cents and made a lot of money off that. I did that with a few of the other ones to and they were all successful. One of the biggest surprises I had this week was when I short sold RIG, an oil drilling company.
I watched this stock rise and rise for a couple of days when I decided to short sell it thinking it may drop soon because it was so high. Next thing I know, later in the day the company was being investigated for corruption and fraud which dropped the share price drastically and I covered it immediately.
I watched this stock rise and rise for a couple of days when I decided to short sell it thinking it may drop soon because it was so high. Next thing I know, later in the day the company was being investigated for corruption and fraud which dropped the share price drastically and I covered it immediately.
Sunday, 20 September 2015
So far, I have made a lot of trades, good and bad, that taught me new things. At first i was experimenting with random stocks that were cheap. I made little to no gain on these stocks because they didn't move around a lot. I tried investing in some mainstream companies like Adidas and Google but the rewards didn't get me anywhere or they even lost me money. I started doing some research on stocks that were cheap/high risk to make quick money. I started investing in a shares company, gold company, and a casino company. At first I didn't really know when to buy and sell these stocks but as i watched how they moved throughout the day I began to pick up their patterns.
Occasionally Ill find some new stocks and invest in them too but I like to stick to whats working right now as they make me the most money right now. I usually buy at the beginning of the day when they are the cheapest and sell in the afternoon around 11am-12pm as they all reach their daily high. Just recently I learned about short selling a stock and then covering it. When I know my stock is at its peak Ill short sell it and cover it when I see a big drop. It's nail biting sometimes but I'm enjoying the game. I try to remember that patience is key. Obviously investing in high risk stocks can be tricky but as I've learned so far, high risk equals high rewards.
Occasionally Ill find some new stocks and invest in them too but I like to stick to whats working right now as they make me the most money right now. I usually buy at the beginning of the day when they are the cheapest and sell in the afternoon around 11am-12pm as they all reach their daily high. Just recently I learned about short selling a stock and then covering it. When I know my stock is at its peak Ill short sell it and cover it when I see a big drop. It's nail biting sometimes but I'm enjoying the game. I try to remember that patience is key. Obviously investing in high risk stocks can be tricky but as I've learned so far, high risk equals high rewards.
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