Replies to post #42249 on HPIL Holdings (HPIL)

[136]

I mean… not really.

The guy is saying he’s a swing trader, not a flipper. I’m understanding it as in his opinion, a flipper is someone who is in and out of the same stock every day.

I trade like him - so I understand.

[Madguppy]

He is a flipper. If you're disaplined and keep the emotions out of it, you can make some money. However, few are successful in the long run.

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.