Friday, July 16, 2021 5:05:42 PM
New traders see this and try to copy and end up being the one that lose.
Here is an example of why is is not a good idea on a stock like this.
Let's say you bought 2 mil at 0.002. Your cost $2,000. Then sold at 0.009, you get $18,000. Now you buy back in a 0.0043, your cost $8,600.
So your gain on the sale was $16,000. Take out taxes, you have$12,000. Subtract the two purchases (2000+8,600).
Your total gain was $1,400.
Now if you just held until 0.05 you would have $100,000. A dime $200,000. A quarter $500,000.
All it takes is a decent run up after the first sell and you maybe out of the huge momey.......for $1,400.
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