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Re: w8ting post# 46268

Friday, 09/18/2009 12:48:19 PM

Friday, September 18, 2009 12:48:19 PM

Post# of 111729
well just buying 100K shares at .0405 today could net you, without fees, $350 if you sold it now. Assuming fees of $10 per transaction, that's $330. Take 65% of that for a net gain of $214.50 on a $4,050 investment.

That gives you a net ROI of 5.3%. Now, you won't have to pay the taxes for a while, so you still have the gross amount to play with.

flipping can be very lucrative, especially if you have enough funds to begin with. You need at least $25K in your account in order to be a day trader, but with the volatility of day trading, I would guess that you'd be better off sitting with at least $50K instead.