Offgrid Investing in Hawaii - Day Trading Ford (F)

in #diy3 years ago

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Ford has quickly become my favorite stock to day trade.

You may think we are crazy, as do many of our friends, as it barely swings $0.25 per day.

The trick is trading lots of shares. Remember we are not trying to make hundreds of dollars a day(yet). We are trying to make enough money per week to pay our cost of living bills with minimal risk.

Ford has been our ticket. For example, we spend roughly $20 a week on gas and about $40 week on food. So assume we need $100 a week (just in case) that is only $20 per day. Two successful trades a day on Ford with 400 shares which is a $4844.00 trade at the current price will get us there.

We are still working on our timing but so far so good.