So for a 1,600 investment, that equates to about 400 profit and you're out? Sounds about right? Okay, 400 less 35% tax nets you 260 bux. Well, not bad I guess, but certainly not that good, either.
Had you just taken your position when the stock was .0006 like a ton of us here, then who gives a dang about a spike up or spike down when the longterm is positive?
Heck, let's see, even after the last 3 days of pounding most people's 1,500 investment from those initial days is now worth about 35,000.
Okay, so for you to get the same return, you need to be 100% correct on 87 trades !! Come on, dude, do the math. You know it won't work out right for you all those times, so it's more likely that it'd take you close to 140 trades to make the same as those of us that just take our position and watch it grow. And heck, every .0001 up tick just means more money in the bank.
To each his own flavor...I just hope you have a deeply discounted broker fee and wrist support to avoid carpal tunnel placing all those trades
