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1/7 - Purchased 3 shares at 9.25 bringing my holdings in this company to 10. I have placed sell limits respectively at $14, $16 & $18. This is a stock that has done a roller coaster a few times and I had previously purchased at below $10 and sold off all my shares at increments up to $30. This is an expanding company in the marijuana industry with good upside potential.
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Long Term TradesLong Term Trades are trades that are made in a Traditional IRA which are meant for long term growth. I use a different approach which gears to almost only dividend paying stocks and hold assets until they double, in which time I take half back into the cash account so the remaining balance is house money. As with short term, make sure that your IRA is in an account without fees. I recommend the Chase Account as they will also give you an opening bonus. Short Term TradesShort Term Trades are what the majority of my regular trading consists of. Short Term Trades I generally expect a 10% uptick in the stock price in the next 6 moths or less. It is important that you use a brokerage account without fees, to maximize your profits. I personally use Chase as they have no fees and it is easy to use and navigate. They also offer a bonus to sign up with them.
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