Question

When buying and selling stocks, common wisdom says "buy low, sell high." What is meant by this? Is it really possible to do it? Why or why not?

Answer 1

It means that you should try and bargain with the seller and convince them to lower the price as much as they possibly can and once they do you can go ahead and sell it for a higher price than they did. Yes it's possible to do it because you can do this with any gullible sellers or easy targets.

Answer 2

Common wisdom says buy low, sell high because when market is down, the price of the stocks also comes down, so it becomes good opportunity to buy the stocks and when market is high the investor gets the more value of the stock, so its good time to sell them.

What is stock?

The stock is a security from any firm or company that shows that ownership of the fraction of stocks. Units of stocks are denoted as shares.

To entitle of the stock can be exchange by selling or purchasing of the stocks to anyone in the share market.

Thus, when market is down, the price of the stocks also comes down, so it becomes good opportunity.

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