Is it possible using purely stock price trends or reversions over a year period?
Turning $3.258 to $1million?
- Thread starter thegreatshort
- Start date
I meant $3.258k
A) Pick a penny stock, any penny stock, and put all your money into it.
B) Hack into Elon Musk's twitter account and type that he just bought a 30% stake in said penny stock.
C) Sell your stock 2 days later. Instant millionaire you do be, no problemo.
Yes, give yourself a 10 year time frame. Start with the current trend and switch names every 3 years. For example, you could use relative value to buy stocks that are trading at a discount relative to the market leaders(small cap). My take is buy Bitcoincash(BCH) and sit on it for ten years. Why give oneself stress watching stock prices....
It is only possible when you would get extremely lucky. These types of success stories would only be possible in the movies and trading games. It is simple logic that how would you turn 3 dollars into 1 million dollars without magic.