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by boot 4593 days ago
This is probably, like, a horrible way to do things. But I try to find a company (1-10 billion market cap) that I personally believe in, but saw-tooths a lot. I usually check-in once a day and watch it go up and down. I then guess if I think it is sort of on a crest up or down, then buy or sell accordingly. And never accept a loss on a trade. Instead just sit on the shares until they are in the black. And example would be CAVM. I figure it's sort of like gambling. I don't really know what I'm doing, but it works (so far).
1 comments

I did that before too! Honestly, it did feel like gambling a bit. It worked until the company one day went bankrupt.

After that I started looking at newsletter service like Motley Fool, but curious to see if there are other services that people recommend. I have looked at Personal Capital (iPhone app), but haven't booked a session with them yet.

Personally, I have been a turned off by financial advisors.

Bankrupt, ouch.

Yeah, most people don't seem to think very much of this strategy (I'm even down-voted?), and no one talks about it. But I'm not sure why. I hear about the crappy 5% a year or whatever returns people get, which just never seems very good to me. But, idk, maybe I'll lose all my money one day. That's a real possibility as I spurn most advice I get.

Anyway, Good luck!