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Monday, June 28, 2010 4:03:10 PM
Let's say as a best case scenario, you KNEW that SREH was about to go up 1000% if you held for 30 trading days. I mean cmon that's not very realistic at all; there might be a 10% chance of that happening; but now let's say it will.
Now take me, a flipper. Let's say everyday I flip one stock either during the day or by holding overnight. Let's say I watched for rapid panic sells over -30%, I bought, and quickly scalped for a 10% profit. Unlike your 1000%, this is actually very realistic. I could probably be making 20% on these bounces and doing it more than once a day, but let's say I wanted to take it very safe and slow, and I only made 10% once a day.
Now, pretending that my 10% everyday will happen and your 1000% will happen, let's compare them mathematically. In 30 days, you make 1000%. In 30 days, I make 10% compounding 30 times. 1.10^30 = 17.45. That would be 1645% profit!
I have a very realistic chance of making 1645% if I follow my disciplined flipping strategy, and you have a very small risky chance of maybe making 1000% if you hold...
This is why I can't understand people belittling flippers. It makes no sense mathematically.
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