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Hey I'm new to stock trading investments. Is there some reason I can't buy if a stock goes up a penny and sell if it drops a penny and just keep doing this until I'm a millionaire. Stocks tend to rise and drop by more than a few penny whenever they move.
If you are only invested when it's rising and no other time you can't feasibly lose any money. A simple computer program could easily do that for you.
Why is this idea BS?
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>>1289005
Fees & You need people willing to buy what you got
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I was wondering how that ruse in OP's pic worked,
Then I realized -
'LOL, nobody reads the Terms & Conditions!
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>>1289880
>people willing to buy
but isn't that what a stock price indicates? what people are willing to pay for it?
also: don't brokers do this for you?
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>>1289005
i think that's what daytrading is
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>>1289005
>buy if a stock goes up a penny and sell if it drops a penny
You'll end up broke pretty quick with this strategy.
>If you are only invested when it's rising and no other time
How will you ensure this?
Because lots of us would love to know.
Thread posts: 6
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Thread images: 1