First you need to have a degree in finance and an MBA in it too. That way you feel like "okay, I think I can do this."
Next, log in to Reddit one day and stumble upon a subreddit where people argue over stocks that are absolutely doomed to fail once one Redditor hits submit on it.
Then follow the advice of those comments and sell out of your broad, cheap ETFs that were actually making money and into the first garbage stock you see that day. Like this
Then, once you are up 30%, hop out of it for a nice profit. Don't get too happy yet, go ahead and use the initial principle to buy back that same stock you just sold out of at a higher price after market because you don't want to miss out on the potential big money. Double down on that turd.
Once the stock cools off a bit, go ahead and take the gains you made from the first round and invest those into the dog shit stock like so:
Wait until the next morning when your shares are worth 30-40% less, and that nice 30% profit you made earlier has not only vanished, but you are now losing money.
Then go back to that same subreddit where you got the great advice the first time, panic on your stock, and sell and invest it in another one mentioned. Be sure though that before you buy it, it's already had an 80% run up recently before you get in.
Feel good that it goes up a bit after you invest, then it posts really strong earnings with good guidance. You probably should be feeling like "okay the first stock sucked, but this one might be a winner and get some money back." Then realize, you are a moron.
Then go cruising that subreddit again to see what next dopey pick someone suggests, and because you too are a moron, buy that stock at an all time high and wait until you lose the remaining 60%.
Submitted June 30, 2017 at 04:20PM by Shauncore