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written by reader My One-Stock Strategy

By pjbettermn, November 11, 2019

I have been following a certain stock for many years now. The stock is AT&T, and it gives out dividends between at around 5 and 7 percent.

I know this strategy won’t work for everybody and I know it’s not the best strategy in the world, but I have been managing to profit off it–not much, because I work full-time job, but it does tend to do the same thing every time.

This is a 5-to-7% dividend stock and it rises and falls all the time. I looked into some of the people talking about the stock, and I think like 80% or so of the stock is owned by people in the company. They trade back and forth to manipulate it up and down and then they buy when it’s down. I usually buy when it’s falling like a knife. (If you guys knew my buy schedule you could short the stock and make probably $2 difference on the shares). I end up waiting as it goes down usually a month or two and then it comes back up I sell for usually a couple hundred dollars profit. Sometimes it’s a little bit more, $600 or $700, or if it doesn’t go up I get the dividend. I think I made about $6,000 this year off this strategy, trading for 2 or 3 minutes, sometimes, a day while I’m at work on my breaks. It’s not ideal cuz the money is tied up for a while and you really can’t do anything with it until it moves. But in $30,000 worth of trading, I am about 6 grand up, which is about 20% for the year–not great but not bad; it does seem to work. I need to start a service so you guys can short when I buy because I’ve been doing this all year and there hasn’t been a single time when I bought it went up for like 2 weeks.

Please enter me in the contest I’m still trying to learn more so I can trade more than just one stock.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.



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