Well, that's all fine if that's your thing. I don't plan on filling a little cookie jar! There's an empty fifty five gallon drum in the backyard i'm gonna use for filling. GLTY
Thanks for the help Carp. Nice work done here. Can this be halted at some point weather the pps is .13 .14 .18 or whatever and the price adjusted to open on the Naz at some significant increase like one dollar.??
Really? Well using your strategy you would have missed the run from .01 to .28 because you would have got caught flipping and been left in the dust. I just love how traders always lecture others and act like they are always right. Too funny. They never tell us about their bad trades or when they missed a 2800% gain because they were too busy taking their little 10% profits. BTW thanks for the advice but I will hold the majority of my shares to at least $5.
I must be missing something. I can understand flipping a stock once in awhile but just don't underdstand how you can continuosly do it and make a profit.
Lets say I buy 10 shares of spng $1 and it goes up to $3. So I sell my 10 shares. Now I have $30 but I owe (I live in NYC ) 50% in taxes. So all I have is $15. So really all I made is $5. Now the PPS is $2 and all I can buy is 7 1/2 shares. The PPS goes up to $4 so I sell. Now I have $30 so I put away 50% for taxes which leaves me a $15 profit.
If I had held the original 10 shares and sold at $4 i would have $40 minus 50% for taxes = $20. I made $5 more than you did flipping it. Am I missing something? I'm new to all this so any advice is appreciated.If my math is wrong please tell me where my mistake is.
In the mean time I'm long and strong with SPNG and will pay less taxes after holding for a year.
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