Did you know?
When a stock “goes sideways” it means it hovers within a small variance for an extended period of time.
When you look at it on a chart it appears to zig zag in a straight, horizontal line.
Is this good or bad?
Well, neither. It tends to mean the supply and demand are fairly equal.
Can you make or lose money on a stock that has gone sideways?
It depends on how much you purchased it for and how much you are selling it for. Within the sideways period you can make or lose money. Your best bet is to use puts and options to ensure you buy for less than the average and sell for more than you paid.
Have you ever had a stock “go sideways”?