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Anonymous
total stock noob
2016-05-23 20:38:29 Post No. 1264205
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total stock noob
Anonymous
2016-05-23 20:38:29
Post No. 1264205
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DISCLAIMER: I'm a fucking dunce when it comes to these things so don't expect me to know what I'm talking about at all.
So I have robinhood, and I check yahoo finance, but I'm just a student with very little extra money to invest in stock (most would say not enough to even bother) and I'm honestly very ignorant to the market itself. Anyway, I was checking my watchlist this morning before the market opened and saw that SCON was trading for .190 this morning and thought about throwing like $100 into it just for shigs, and I see now that it got up to .270. So I have 2 things I want to ask you, /biz/
1. that's a 40% increase, so if I had bought $100 at .190 and sold at .270 using robinhood would I now have $140? (As I said, I'm a noob. I've never traded, and still not so sure about how RH works)
2. Did I fuck up by not buying this this morning? (I know I know, $40 isn't much to some, but hey it's gas money and food for me) It seems to me that maybe it bottomed out and is on the up and up, but I know that the higher it gets the less I could profit with only a few hundred bucks worth.. I mean a 40% increase from .270 is much less likely than a 40% increase from .190 right?
