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I don't really know anyone close who has become rich via buying and selling stocks. All I know is that the business is lucrative as value of stocks may keep increasing.I am posting this question just out of curiosity. Some friends who are into stocks are enjoying the trading not really for the profit but for the occupation. It is like they are betting that they monitor the stock prices every day. But for the profit, that is what I am interested in. Our stocks are sleeping for 3 years now and although the value has increased twofold we have no intention to sell for now.
I was in a seminar,where one of the anchor told us about how he sold his stock for a very huge amount of money,it was in millions of dollars and that was the turning point in his business.I know a couple friends who said they made money and profit from stocks but I'm not talking about getting rich here. Just a couple hundred or thousand dollars in profit. I know it's definitely possible to get rich from stocks but this has to be your entire lifetime job where you dedicate everything to it. Otherwise you can't just get rich since investing in stocks takes time, patience and knowledge
Do you have the figures of the stocks of Tesla? The stocks would rise dramatically when something unusual happens like a mining company had discovered a new mining site. With a business like electric cars it is expected to grow but not that much as to affect the market prices dynamically.well Tesla has always listed its stocks on the market for individuals to purchase so looking at how invest unfolded for Tesla the start of this year you would realize that it made so much money. So people who invested in it really smiled all the way to the bank. But a point to note is that investing in stock trading requires that you have well vested knowledge on the subject matter.
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