Decided to change my purchase price to $1.49. So I am hoping for a dip and hope it will get down to where I can purchase at that price. Last time the dip went to $1.3 or thereabouts. My guess is it will still go to over $2 by the end of the year but I cannot see people not cashing out on big short term gains that will drop the stock. Heck if you bought a month ago at $1.30 and it went to $1.60, that is a huge gain in a short time. Some people are going to sell and drive the price down.
If that doesn't' happen, well I still own 5,000 shares and made huge profit on what I have already sold.
Yesterday I sold 11,085 shares, if I am able to purchase back at $1.49 I will have 11,890 a gain of 805 shares at $1.49 would be profit of $1199.45.
Either way I am a winner.
Yesterday I sold 11,085 at $1.6 = $17736 -$16= $17720 and I still own 5,000 at market price of $1.60 =$8,000. So 8k + 17,720=$28,365.
December 27, 2023 at this threads inception I had 15,713 shares at market price of $1.06 =$16,656.
$28,365 - $16,656 = $11,709 profit in less than 7 months on a $16,656 investment. That equates to over a 70% return.
This was not hindsight, Monday morning quarterbacking, or some type of illegal insider trading. It was simply a rare opportunity that I noted and have been documenting. I have and always do put my money where my mouth is.
December 27, 2023
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July 16, 2024
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One would have to follow the thread and see that this stock was purchased and sold and repurchased several times in order to achieve the return.
A note worth mentioning is that there are rules and I am not too up to date with them or the terminology that would prohibit purchasing and selling the same stock over and over again in a short period of time. If I am not mistaken, if you have shares in a brokerage account that has margin and are classified as a trader, you can do it or if your funds are in Retirement accounts you can do it. So a normal person that just dumps $20,000 into a taxable brokerage account and is not a trader cannot purchase and sell the same stock like I am doing here. I am not a trader but these funds are in a Retirement account.
Do not ask me about these rules or laws because I don't remember them and don't care to look them up. If you care about that, look them up for yourself and feel free to post them here.
I simply wanted to point out that you need to do things correctly and know what you are doing.
I think maybe the term is round trip:
In finance and investing, a "round trip" in the context of stocks typically refers to buying and then subsequently selling the same stock. Here’s how it works:
1. **Buying**: When an investor buys shares of a stock, they initiate the first leg of what could potentially become a round trip.
2. **Selling**: If the investor later decides to sell those shares, they complete the round trip. The profit or loss from this transaction is calculated based on the difference between the buying price and the selling price, adjusted for any transaction fees or commissions.
3. **Purpose**: Investors may conduct round trips for various reasons, such as capitalizing on short-term price movements (day trading), executing a planned trade strategy, or realizing gains (or losses) on an investment.
4. **Regulation**: In regulated financial markets, certain rules may apply to round trips, particularly regarding short-term trading practices and their impact on market stability.
Overall, a round trip in stock trading simply refers to the process of buying and then selling shares of a stock, typically within a defined period. It represents one complete cycle of trading activity for that particular stock.
