- Joined
- Aug 20, 2012
- Messages
- 658
Rep Bank
$1,205
$1,205
User Power: 74%
Forgive me for my ignorance but this is something I've wondered. I've asked big stock guys on Youtube this question and while they said it was legal, they did not support the concept at all.
So take day traders, especially ones with penny stocks.
I've noticed that (at least through my little "RobinHood App") that when the market opens, on the stocks I've been following, at around 9:50-10:00, there is a massive dip, and after that they simply skyrocket, peaking at around 11:00.
Now keep in mind, I've only been reading about this for a short while, but I've noticed that pattern.
Now take Berkshire Hathaway. It costs roughly 190K.
Using today as an example
Why couldn't I buy a share of that in the market low (12:25ish)at $190,020 and sell it at 2:25 for $191,733
Like I said, I know I am oversimplifying but my point is. Taking a HUGE stock, and feeding off of the small fluctuations of it, which are massive to me because it comes close to 1700 bucks.
Granted, I know it's not easy to just have 200K sitting around, but even if you did this a few times a month, that could seriously help you out financially.
Please, go easy on me, it's just something that struck me as fascinating, as I'm just getting into reading about stocks and the market and this is all so new!
Is something like this illegal ? Can you abuse the hell out of a stock like this, or is it fair game?
Thanks
So take day traders, especially ones with penny stocks.
I've noticed that (at least through my little "RobinHood App") that when the market opens, on the stocks I've been following, at around 9:50-10:00, there is a massive dip, and after that they simply skyrocket, peaking at around 11:00.
Now keep in mind, I've only been reading about this for a short while, but I've noticed that pattern.
Now take Berkshire Hathaway. It costs roughly 190K.
Using today as an example
Why couldn't I buy a share of that in the market low (12:25ish)at $190,020 and sell it at 2:25 for $191,733
Like I said, I know I am oversimplifying but my point is. Taking a HUGE stock, and feeding off of the small fluctuations of it, which are massive to me because it comes close to 1700 bucks.
Granted, I know it's not easy to just have 200K sitting around, but even if you did this a few times a month, that could seriously help you out financially.
Please, go easy on me, it's just something that struck me as fascinating, as I'm just getting into reading about stocks and the market and this is all so new!
Is something like this illegal ? Can you abuse the hell out of a stock like this, or is it fair game?
Thanks
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
