The market is very over sold right now. Time for another swing trade :0) I know my other one is still ongoing and I’m losing some paper money on it but this time I’m certain I can make an easy $1,000 or more with a >80% certainty. This is the buying opportunity of the year. I don’t want to miss it. I haven’t bought any stocks in awhile so I had quite a bit of savings. Earlier today I decided to buy 2 great companies and plunked down $3,000. But to make it more interesting, I’ve also borrowed about $2,810 more from the bank to buy even more stocks. Go big or go home I say.
Initial Investment: $3,000.
Leveraged up to $$5,810.
Suncor Energy Inc. (SU.TO)
Bought: $29.02 x 100 shares = $2,902
Silver Wheaton Corp. (SLW.TO)
Bought: $29.08 x 100 shares = $2,908
I didn’t buy them at their lowest point today but we’ll see what happens. My strategy is simple. Sell both stocks once I make $1,000 total. Or BUY MORE if falling oil and silver prices drag down commodity stocks lower by 10% or more. I can lower my average cost of buying and make a profit later on.