I have been invested in a telecom stock for the past year.
I buy the stock at ~$5.00 and sell the stock at ~$5.15. I'm roughly on a bi-weekly rotation - sometimes shorter depending on how the settlement period pans out - but that's my general strategy. Because the dollar amount invested is relatively high the 3% gain is not unsubstantial.
This has been made marginally more profitable because I'm now using an app touting no fee trades. While I would theoretically be accruing approximately 10-12% gains per month my actual realized gains are closer to the 3-5% range.
Which makes me wonder - should I stop the frequent trades and just ride it out long term? I have to wonder if there is any inherent risk or downside to this strategy?