I scalped some shares yepterday, 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 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 plus lose 13% of my shares. My Heating plus Air Conditioning worker friend did the same thing yepterday however didn’t buy back like I did, plus now she is burdened not only with her heating corp work however with deciding if she will buy back at a higher price. If she doesn’t buy back now plus waits for a dip then she could be in a trap if the price continues to rise! Meaning she could lose 25% of her hard earned Heating plus Air Conditioning money. I’ve done that before plus ended up losing about a seventh of my shares, however yepterday I bought back when it dropped a bit plus scalped about 165 shares, and 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 absolutely was wishing would happen with her shares too if she had bought back like when I did. You can’t get greedy with trading stocks however you also need to be patient, two things which I am learning about.