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Buying and selling the same share multiple times per week

  • 01-02-2012 5:07pm
    #1
    Sykk
    Closed Accounts Posts: 3,327 ✭✭✭


    There's a company I've been monitoring that almost every single day goes up and down around €.30.

    Is there a possible downside to buying it at lets say €10. Selling it at €10.30 and repeating the process when it goes back down to 10. Making hundreds of euro per week unless it a) declined when you bought it at 10 or exceeded past 10.30 after you sold it?

    It seems too easy to do? I've been following this for quite a while it's the pattern for a full month now.

    PS: I'm sure there's a name for it if anyone would be so kind as to enlighten me :)


Comments

  • #2
    Grecco
    Closed Accounts Posts: 1,007 ✭✭✭Grecco


    Its called channel trading. Because you needed to ask then you don't need to know
    (A bit of free advice for you please don't take it the wrong way)


  • #3
    colsku
    Registered Users, Registered Users 2 Posts: 301 ✭✭colsku


    Bid / Ask spread I suspect!


  • #4
    Sykk
    Closed Accounts Posts: 3,327 ✭✭✭Sykk


    Grecco wrote: »
    Its called channel trading. Because you needed to ask then you don't need to know
    (A bit of free advice for you please don't take it the wrong way)
    I'm sick of that crap on this forum. If I ask a question, I clearly do want to know.

    I don't think this requires a masters in finance and investments. If it does then by all means try in lamens terms to explain it or don't respond.

    If I need to ask then I clearly need to know. Enough of the ****e.


  • #5
    neris
    Registered Users, Registered Users 2 Posts: 20,084 ✭✭✭✭neris


    Sykk wrote: »
    Is there a possible downside to buying it at lets say €10. Selling it at €10.30 and repeating the process when it goes back down to 10. Making hundreds of euro per week unless it a) declined when you bought it at 10 or exceeded past 10.30 after you sold it?

    Dont let emotions get in the way. If you have a target to make and make it and you get out dont let it get to you that you "could have made more"


  • #6
    Grecco
    Closed Accounts Posts: 1,007 ✭✭✭Grecco


    Everybody is so angry these days..........:rolleyes:


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