Quote:
Originally Posted by Hog's Gone Fishin
Question: How long would it take to make 201 trades that avg a 3.5% return ?
There's tons of stocks that are volatile enough for a 3.5% return during the coarse of a week if not a day.
For example TSLA just today opened at $897 .If you set a buy order at a 1% discount you could have picked it up at $888 and then set yourself up a standing sell order with a 3.5% swing at $919 and accomplished your goal.
As of right now the TSLA high /Low today is $881-$932 Thats actually a 5.7% swing today.
So my thinking is if you can make 201 trades and AVERAGE 3.5% assuming some will be less and some will be more , it will turn $1000 in to $1,000,000.
This sounds too easy. What am I missing other than stocks don't always go up. LOL
Could this be done in 3 years ?
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I have a buddy that has done this with Tesla for a few years. He has made a ton of money doing it, Im sure he isnt the only one.
Its an expensive stock and risky if you ask me. He will spend about 40 thousand each time, then sell when it inevitably goes back up. So far, it always does.
My problem is thats its way over valued and my luck, everyone figures that out as soon as I buy it.