What is meant by “flipping” stock?
I read where a college student earned his first million by purchasing chart breakouts on penny stock and “flipping them” within hours or days for a 5% to 30% return each position. Could you explain: flipping? Thank you!
Buying and then quickly selling. Depending on who is using the term it might be a day-trader who only holds a position for a few minutes or hours. Or it might be used to refer to a swing trader who holds a position for a few days.
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