1/5 - Purchased 2 at $14.73, with two limit sells placed at $16.20 and $17.82 respectively. This is one of those roller coaster stocks that I keep buying on dips and selling on increases. They have a solid business practice with lots of room for growth. These pricing points will most likely be hit in the next few months and most likely will hit possibly on or near the same day based on how this stock tends to pop.
1/20 Update: SOFI hit the $16.20 target today, selling with a 10% return in just 15 days. I expect the second price target to hit within the next 30-60 days. Once that price target hits, I suggest keeping an eye on the stock and buying more the next time it goes below $15 unless something huge changes in the company. As always, make sure your 30-day window has passed since the last sell before buying more.
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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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