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Day Trader’s Weekend Aftermarket Lounge 26-28 June 2020, page-176

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sydneyelvis

862 Posts.

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28/06/20

20:20

Post #: 45501016
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Originally posted by FlipFlipFlip: ↑

Ok here is a pie in the sky idea, lets say I take around $10k and chuck it in something like CML or REE maybe AUC. A company that has a good chart and some momentum behind them. I hold for a 10% increase then sell my initial investment and hold the $1k worth of shares to be free carried. I do this enough times and I have suddenly got myself a nice little portfolio of shares that cost me nothing. Is there a name for this style of trading? How accurate do you have to be with your hit and misses to make this profitable?

Or the share price crashes and I am stuck bagholding stock. However If the company I invest in is one with good fundamentals shouldnt the price increase eventually?

Is there a specific name for this type of trading?

Hope everyone had a good weekend. I don't hold much hope for a green Monday.

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its what i regularly do especially with blue chips

I thinks its called SMART
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