Originally Posted by chassis
Got it. You entered a trade and it didn't work. Why did you enter the trade? Making a profit is assumed. What are the list of reasons you entered the trade? What were your criteria for exiting the trade?
I don't think you did your due diligence well enough. What do you think?
I think you have a vivid imagination...
I bought BX in 2016 when it was around $25/share and held it until Jan, 2020 when it reached $62/share. I was aware of the ongoing Covid situation in China and believed the US market would be adversely impacted.
I bought it on the Covid fall when it dipped to $40/share and sold it when it reached $60 again. It was obviously worth more to the market than my value but I sold when I had enough.
I have kept BX in my watch list and decided to buy a few shares after it fell sharply from ~135 down to 120. It dropped further to ~110 and I bought a lot more shares. Sold it at 116. I never intended to hold BX more than 1 or 2 days but it took me nearly 2 weeks to get on the profit side of the trade.
In the past 18 months I have flipped AAPL, NCLH, TSLA, OXY & APA (oil stock flips have been very profitable), SGMO, to name a few.
Oil has gotten out of my price range and I am no longer interested in TSLA stock.
I use Yahoo finance, TDA and Fidelity. I have a few close friends and family that make a lot of profit on short term trades. We share information.