HSX Forum

Playing & Trading Strategy

After reading your posts...

Posted by: Tarheels (a.k.a gallonc) on Jul 21, 20:33 in response to MitchC's post Buying And Selling Stock Of IPO Quickly?

you seem to have the idea..... Flipping stocks is really a personal decision.  Some play everyday and switch a stock everytime it turns.  Some like to sit on a stock and don't touch it.  When to sell a stock is really up to you and what your goals are.

 

If you are looking to grow a port fast than playing hot stocks swings is a quick way to do it.  Remember that you are charged commission everytime you do tho, so think if buying a stock 2 or 3 times in a day, plus commission, is it worth it?  A 2 or 3 point movement might not be worth it for a exspensive stock but would for a cheap stock.  But if you miss the turn of the stock you could lose $ and sitting and holding might be the way to go.

 

So think what you want to do wit your port and trade that way.  Swings are fun but I have been on the wrong end MANY times and when you have a smaller port it seems like the end is coming.  Openers and BIG name IPO's are usually active stocks and can payoff big when you're first starting.





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