Was thinking today for those exp traders, does anyone actually buy say $300k worth of 1 share and sell once up by a little % rather then hold onto it? OR Do majority of traders divide that amount into smaller lots? I think if you stick to a blue chip share and get the timing right you could make a decent profit, that's if no crash happens.
Take for example CBA sometime in Dec it was trading at around $73 and hit a high of $79.
Say you purchased 4000 shares of cba @ $73.00 and sold them at $79.00.
That's a profit of $24,000 minus brokerage and tax. Not a bad return for 5-6week work.