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RedDeerGuy1's avatar

Has anyone ever tried buying high and selling low, in the stock market?

Asked by RedDeerGuy1 (24944points) January 28th, 2022

Just to be generous?

Humor welcome.

Observing members: 0 Composing members: 0

3 Answers

gondwanalon's avatar

A billionaire might try a move like that. Perhaps as a tax loss write off or as a way to influence the stock market in some twisted way to get an advantage.

LostInParadise's avatar

Sure, though not with that intention when the stock was purchased. If a stock’s price is heading downward, it may be time to ditch it and get a tax write-off.

RocketGuy's avatar

That has been my individual stock strategy. Most of that $ gone now. That’s why I buy mutual funds instead.

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