I scalped some shares last month, a process that can be a bit stressful. Scalping is when you sell your shares of your stock plus hope for the price to drop so you can buy back more shares at a lower cost. The problem with this is that if you hold out too long the price could go up, like mine did this afternoon before the market opened when it jumped 13% when the premarket trading opened. So if I kept holding out with my scalping I would have to buy back now plus lose 13% of my shares. My Heating, Ventilation and A/C worker buddy did the same thing last month but didn’t buy back like I did, plus now he is burdened not only with his heating corp work but with deciding if he will buy back at a higher price. If he doesn’t buy back now plus waits for a dip then he could be in a trap if the price continues to rise… Meaning he could lose 25% of his difficult received Heating, Ventilation and A/C money. I’ve done that before plus ended up losing about a second of my shares, but last month I bought back when it dropped a bit plus scalped about 165 shares. If the weather conditions controlled cars start selling then the price could hit $10 this year plus those shares would be worth $1650, something my heating expert particularly was wishing would happen with his shares too if he had bought back like when I did. You can’t get greedy with trading stocks but you also need to be patient, two things which I am learning about.
