Hey /biz/
I have $360 in my Robinhood Instant account and I was thinking of the following strategy:
On Monday through Thursday:
Make a day trade of HV stocks on each day. All in on one stock, waiting for a dip, buy low sell high etc.
On Friday, buy a blue chip that I can sell on Monday and be able to use the funds immediately to repeat.
>>1344929
heh I was gonna do the same thing, just Yolo on the dip for 3 of the 5 days and then blue chip stocks for Thursday and Friday. I don't know about holding a stock over the weekend though it's too risky.
First I need to get instant though
>>1344929
I was thinking the same thing dude. I have 1400 capital. Diversifying when we have such little capital is pointless. I'm about to adopt this yolo instant strategy. Just say fuck it and see what happens. The problem with everyone in the general is that they want 100% in a day moon rides. Those are rare, but picking a stock that goes up 3-5% a day isn't that hard. Have you ever heard of random walk theory? This is along the same lines of this. Fuck it. I'm joining your yolo club OP.
>>1344929
God euro girls can get ugly.
as ugly as your plan. Do you have robinhood instant?
You're also subject to pattern daytrade rules when you have less than 25k in the account. law limits you to 5 per week.
>>1345102
But in in swhc or array
OP here, sorry for the late reply.
>>1344967
I figured keeping blue chips over the weekend would be pretty safe, maybe make some money on Monday, if not, just sell them back.
>>1345102
The money I have is just a start (planning to add more as I go) and I can lose it without doing anything to my daily life.
I agree. Going up 1% or 2% a day is not a bad start. There might be the occasional moon mission (see: TVIX and AMCO) but I'm not expecting them at all.
I noticed that as long as I stay away from the volatility of early market, buy something low and watch it increase later on in the day isn't that hard.
Example: Today CJES went up 20% at market's open. I bought it when it went back down to around 8-9% and sold it back at 14% later in the day.
>>1345377
Yes, I have robinhood instant, and I have PDT protection on, so I'm limited to 3 day trades per week.