Yeah, the stock market is like that.
The stock I had mentioned the other day, IGCC, is available on Robinhood now. They went to the symbol IGC now. I bought a share. Then another. In all, I bought 5 shares. I was keeping track of it and I was trying to protect myself from losing money on it.
Stop Loss. You set a price lower than the current stock price. If the price of the stock drops below that, it turns into a sell order. So a dip in the price, the stock sold. Then it went back on its upward trend. I made just over $2 on those 5 shares.
I should have just been 😊, right? But the stock went back up after that quick dip. If it hadn't sold, later in the day I could have sold out and made just over $4. I could have bought the si
ock back that same day,
but there's a little rule about buying and selling stock in the same day.
Unless you have $25000 in your account, the powers that be don't want you doing that. Probably a plot made by rich people to keep poor people poor.
The next day I bought back into that game. This time I set a Stop Limit. I set a price below the current price that will trigger a sale. But you set a limit that if it drops below that, it stops the sell. And, it dropped. It dropped below the limit. And then it dropped some more. I wound up losing the $2 I had "made" and a little bit more.
That whole having all your eggs in one basket. Yeah. That wasn't so good. But you live and learn. I'm moving on. I'm over it.
I've been getting some emails about investing investing lately. Most of them start off with a pump about if your portfolio is 250000 you NEED this stock.
So I've only got 249975 to go.
Thanks for Reading!
Thanks for Praying!
Thank You for Your Support!
As always:
Thanks for Reading!
Thanks for Praying!
Thank You for Your Support!
Join Robinhood and we'll both get stock like Apple, Ford, or Sprint for free. Make sure you use my link. If you sign up, you get one share of stock, I get one share of stock. There's no guarantee of what the stock will be.
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