Something I noticed in review of this thread is that most have utilized a quick churn strategy, selling almost immediately after buying.
Though this certainly works for those just trying to reach bonuses in a very short period of time, it obviously does greatly increase the risk of losing
money in the process.
I am wondering if others have considered a slow churn cycle in which you buy in lesser amounts, more frequently, and then sell say a few weeks
or month later once they stock is significantly above your buy price, to decrease any chance of a loss. This is still an attempt to "time the market"
which we all know is not a great idea, but as long as you are not buying more than you can afford to pay off/ are not using too much of your cc limit,
you could essentially not sell until you are well in the green. I may test this strategy for a month on more stable picks such as BRK-B, KO, MCD, and Disney. These are stocks I would purchase anyways so the main benefit of doing so on this platform is the 1% cash back, zero trade fees, and ability to dollar cost average as a result of no fees + fractional share purchase. I may even find that I want to hang onto some of these shares if they are performing well.