Beginner Stock Trader - Strategy + Help Request

Here is a thread that comes to mind...

https://www.elitetrader.com/et/threads/perpetual-lottery-tickets-drawer.22048/

 

Nice thread. "Stock market to the middle class is lottery to the underclass." LOL

 

FWIW, SGI got sold to HWP for $7.75/share.

There's actually a very good strategy in there. Smart guy. I'd claim all of his lottery tickets were cheap, and he didn't have to limit it to a 100% upside. Let it ride. Most of those companies he bought were probably ripe for takeovers.

 

I also like his reply to why selling commission wasn’t included: you know why. Hahaha