Double Up Free Stock Strategy: buy. When it doubles up I place a 10% Trailing Stop Order to recover invested money and still enjoy further growth opportunities
Some stocks attract my attention as a candidate for my $1500 monthly investment, but I don’t feel confident enough to risk so much on it. I just invest $100 on those. To make it worthwhile I need to wait for a double up to recover my money
1) I choose a few stocks I like every month, I discuss it with Blog readers, then I invest $ 100 on the stock;
2) I wait until stock’s value doubles up (100% up);
3) I place a “Trailing Stop” sell order to sell half of the stock to recover the total amount invested, including commissions;
4) Remaining shares of this stock are “Free Shares”. I keep them forever. They are mine, but I haven’t paid them :-).
Let’s use an example from last week
| Date | Quantity | Description | Symbol | Price | Amount |
| 04/28/2023 | +6 bought | RXSIGHT INC | RXST | 18.0963 | -108.58 |
| 12/13/2023 | -3 sold |
RXSIGHT INC | RXST | 38.9834 | +116.94 |
1) On April the 28th 2023 I bought 6 RXSIGHT shares at $18.09 each, spending $108.58 total
2) Eight months later, on December the 4th 2023, I sold 3 RXSIGHT shares at $18.09 each, getting back on my bank account $116.94
3) I still own 3 (RXST) shares that I got for free and are worth $116.4. I also made $8 cash
Of course this example is a very favourable one. Most stock that I buy do not go up 100% in 8 months! Some go up a little bit, some down and one, NEW Century Financial even filled for bankruptcy last week, burning all that I had put on it.
Let’s stop thinking about NEW Century’s sad story, and let’s look at the “great” advantages of my “Free Stock Strategy”:
1) Over a long time-span, by investing every month and by only selling on 100% gains, I end up buying most shares when markets are down and selling most of them when when they are up, which is obviously a good behaviour.
2) Over a long time-span most of my stocks will be free and I will get most of my invested cash back. Even in bad times, when markets collapse, I am still buying stocks at very low prices. As soon as markets bounce back, I get 100% gains on those stocks that I have bought close to minimum. This will reduce risks for me.
3) By choosing different stocks every month I end up owning a wide range of free stocks, some of which may skyrocket some day.
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