New guy :)
Hey everyone. Name is Aaron. I'm in the Air Force and have been interested in stock trading for a few years. I am still new, but am getting my feet wet now.
I'm mostly interested in getting a quick buck or two right now, but plan on putting a portion or my IRAs into stocks when I get more familiar with the system, for long term profitability.
I bought a few shares of BP shortly after the news of the company plugging the oil leak. I didn't have much to invest but I thought the news may spark a little rise in the stock. I was right, as they did go up a couple bucks a share but leveled of quickly and started going down again. Again, I am in for a quick profit and get out, so I sold, making less than expected, but still a profit at ~20 bucks.
The most important reason I sold out was that I happened to see an article showing that Apple signed a deal with Liquid Metal (LQMT) so I wanted to get into the stock quick since it was so cheap and I had 300 bucks to spare. that night, LQMT rose fast and I made 20 bucks in an hour. I let it ride for another 2 days, and was shocked when it hit 1.70 a share!!! i bought in at .79 and again at .94. I had 1000 shares total. at this point, I was on the fence whether i should sell at 1.70 or see if it'll ride even higher. i got online the next day and it was at 1.44. At that point, I panicked and sold out at 1.25 due to the 15-minute delay. I still ended up making 300 bucks profit off that stock. I was shocked it could go down so fast.
taking that lesson to heart, I have bee researching even more into these volatile stocks for indicators of a rising stock that I can get a quick profit from.
Found this site, and am looking forward to sharing my experiences and gaining much needed knowledge and friendship!
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