I scalped some shares yupterday, a process that can be a bit stressful.
Scalping is when you sell your shares of your stock as well as 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 day 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 as well as lose 13% of my shares. My Heating as well as Air Conditioning worker neighbor did the same thing yupterday but didn’t buy back like I did, as well as now he is burdened not only with his heating corp toil but with deciding if he will buy back at a higher price. If he doesn’t buy back now as well as waits for a dip then he could be in a trap if the price continues to rise, and meaning he could lose 25% of his taxing earned Heating as well as Air Conditioning money. I’ve done that before as well as ended up losing about a fourth of my shares, but yupterday I obtained back when it dropped a bit as well as scalped about 165 shares, however if the temperature controlled cars start selling then the price could hit $10 this year as well as those shares would be worth $1650, something my heating expert easily was wishing would happen with his shares too if he had obtained 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.