Time to learn about swing trades. In a nutshell 🥜 a swing trade involves purchasing a stock for a short period of time. The goal is to make a profit when the sale is executed. Or as it is commonly referred to, buy low sell high.
The one day short depicts a perfect setup for swing trades.
Now imagine how much money you could have made by the end of the day if you had bought in a day or two prior. (The answer is 13.94% more. 😉)
Okay, same scenario but looking at the 5 year chart.
As you can see the price has gone up an outstanding 1,933.04%.
Below are screenshots of my current swing trade with Aurora Cannabis. Today the price of the stock shot up 13.94% by the closing Bell and continues to rise in after hours trading. (Stock market opens at 9:30am and closes at 4:00pm EST)
Before I had a chance to place a trade this morning the price was already up 8%. After some short research and giggling like a school girl I believed it would continue to rise so I bought in.
I was able to plate a limit order for $8.79 per share 💵 totaling $439.70 and 50 shares.
Sat my happy ass back and road the wave a bit higher to $9.07 by the closing bell. 🔔 Currently at 7:26pm the price had risen to $9.23. I mean sure, I could wake up tomorrow and hit sell immediately but I won’t. After some homework on the company I’m holding confidently for a nice spike. (100% gain or higher)
In a matter of hours I was up $21.80. The toughest part of any swing trade is learning when to exit! (Sell the shares) Personally, this stock still has room to run.
This isn’t an endorsement for the company or their stocks. Do your own research then decide if you’d like to invest. Past performance does not guarantee future growth and yadda yadda you know where I’m going with this.
Google the company and review the latest news. I believe you’ll see what has me excited about the trade. 🤑
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