Replies to post #43692 on The Friendly Money Making Board

[sam the sound guy]

That's for all your advice it's really helpful, I forgot about the 3 day wait to be able to use the same capital again, I'm thinking, If I had a starting capital of 8 grand, to be able to trade 2 grand worth of stock a day consistently, aiming for a 105$ net profit.

my theory for getting that 105 is basically, if you have a quote like this:

bid/ask: 0.50 x 0.54

Then I step in, becoming the highest bidder at 0.51 for 4000 shares (2000$ worth) via limit order

bid/ask: 0.51 x 0.54

Someone hits my bid with a market order (if all goes smooth). The quote goes back down to 0.50 for best bid, I place my limit order to become the best deal seller at 0.53 for 4000 shares.

bid/ask: 0.50 x 0.53

someone buys 4000 shares at market and I make 120$ minus roughly 15$ commission and I get 105 profit.

With 8 grand I could do this trade once everyday and always have 2 grand to freed up by each morning.

The I keep as much of my profits as I can (need to spend my profits on cost of living too) to save up another 8 grand, and increase my formula by double for 210$ profits and so forth.

is this possible?