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Re: dealerschool2006 post# 39445

Thursday, 05/25/2017 2:58:05 AM

Thursday, May 25, 2017 2:58:05 AM

Post# of 58072
Or how about this analogy. You buy 1000 DRYS shares at $3 per share as a long-term investment. You check the price every quarter and see the price hasn't changed much so you go about your daily business.

A year later, you check the quote and it's at $6 a share!!!, a double bagger (pun intended), so you quickly logged into your account, and without looking, you hit Close Position. Immediately after, you realized it was a negative transaction because what was left wasn't enough to cover commission.

Not-so-fun-FACT - You would have experienced the above if you bought any amount on May 10, 2016 and sold it May 11, 2017.

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