So, to start my stock market journey I have decided that all the stocks that I will buy will be under 50 cents.
That way I can buy a mass quantity. I figure i have 100 dollars. So if I buy 3 stocks for $33 dollars and it goes up to $34 dollars I have successfully made $3 dollars. Holy Molly I'm on my way to being rich!
Not really...So what to do. I don't know.
My first approach is going to be buy about 200 or so for around 50 cents so when it moves around 3 cents I can sell and pull in about 6 bucks and take advantage of my 50 free trades within the next two months. That will give me 150 bucks. Bringing my total to $250!!!!!! Good plan right!. Not really...after I make my money and make it to 250 bucks I will be able to buy 500 hundred shares and if i sell at .03 cents then ill pull in 15 dollars. But Its gonna cost me 10 dollars a trade. Brining me back to 5 dollars profit per .03 cent trade. So if I do this I could rack in a hundred bucks in 1 month due to 20 trades a month...This is going to be a long and tedious process.
Month 2
So $350 would turn into $11 dollars a trade.
Month 3
$570 would turn into $34 dollars a trade.
And it just seems like it goes up each month!!!!
Or it could just drop and I just lose it all.
That way I can buy a mass quantity. I figure i have 100 dollars. So if I buy 3 stocks for $33 dollars and it goes up to $34 dollars I have successfully made $3 dollars. Holy Molly I'm on my way to being rich!
Not really...So what to do. I don't know.
My first approach is going to be buy about 200 or so for around 50 cents so when it moves around 3 cents I can sell and pull in about 6 bucks and take advantage of my 50 free trades within the next two months. That will give me 150 bucks. Bringing my total to $250!!!!!! Good plan right!. Not really...after I make my money and make it to 250 bucks I will be able to buy 500 hundred shares and if i sell at .03 cents then ill pull in 15 dollars. But Its gonna cost me 10 dollars a trade. Brining me back to 5 dollars profit per .03 cent trade. So if I do this I could rack in a hundred bucks in 1 month due to 20 trades a month...This is going to be a long and tedious process.
Month 2
So $350 would turn into $11 dollars a trade.
Month 3
$570 would turn into $34 dollars a trade.
And it just seems like it goes up each month!!!!
Or it could just drop and I just lose it all.
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