I have $2,500 saved up, any advice on how to flip?
Buying stock running at its 52 week low, and expecting short and or long returns, is a myth in stock trading. However, it has been working for me.
Most recently I bought VOCS at its 52 week low (8.48 or close), and sold at 10.50 a couple weeks later. Made over 2k.
The thing with trading stock is, it takes money to make money. I had to invest over 10k in that stock to make that amount. I been investing everything into 1 stock at a time. Easier to keep up with it. Right now im all in on WLT (Coal company at $10.08). Big risk, but you have to be willing to take those risk's. It would be no different for me investing 10k, or 100k.. I'd still play it the same way.
I started my IRA with around 1k or a little more. I flipped by buying stocks running at or around their 52 week low. Sometimes they had dropped due to an earnings miss, or a customer loss. Nothing really devastating for the company. Check (VOCS and VVUS) for examples. Look at the last 3 months or so. Look for the dramatic dips and then they bounce back. Maybe not all the way, but anytime you can flip a stock and sell it $1.00 more than you bought it for, that's great.
My advice is take your 2.5k and try one thing at a time. Just buy in using the whole thing and plug the stock abbreviation in your phone. Check it daily. Sell when you get that itch. You'll flip it!!
Here are some possibilities to look at: (BBRY)- dropped over $4 a share due to an earnings miss. Running at 10 a share, 52 week high is 18, low is 6. (TAHO) running at 14.. high is 22 low is 11. On its way back to at least 16 you'd have to think.
Here's a link All I do is pick one by reading up on the company, and make a decision. Look for sharp drop-offs, not slow declines over months. This is all I have done. My IRA is at 48K right now. I started about where you are now. I haven't contributed a dime of my own money to it since I started trading. I have taken some out only.