Comment on What's the easiest way to make a living?parentComments−simpleton16yInteresting - although I've heard tell that sometimes stock can actually go down, instead of up.−mikeegg16yVery true, but consider that a stock can only move three directions: up, down, or sideways. This takes money. If you have the money to buy 5,000 shares of a $5.00 stock ($25,000), how long does it take that stock to move $0.10?−froo16y"how long does it take that stock to move $0.10?"I guess that really depends which direction you're talking about.If you're not careful, having it move down 10 cents is fairly easy to accomplish and then all you're doing is working to lose money.I would not go the investing route if I was the OP.
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Interesting - although I've heard tell that sometimes stock can actually go down, instead of up.
Very true, but consider that a stock can only move three directions: up, down, or sideways. This takes money. If you have the money to buy 5,000 shares of a $5.00 stock ($25,000), how long does it take that stock to move $0.10?
"how long does it take that stock to move $0.10?"
I guess that really depends which direction you're talking about.
If you're not careful, having it move down 10 cents is fairly easy to accomplish and then all you're doing is working to lose money.
I would not go the investing route if I was the OP.