HSX Forum

Playing & Trading Strategy

simple math....

Posted by: RazorHawk on Jul 25, 10:19 in response to mike255's post Razor u can still make decent money. You can take 5k...

you place an order for a 100,000 of a $0.01 stock  and get charged a $2,000 commission

the order causes chuckage and you actually buy at $0.03 a share.


you wait until the stock moves to $0.12 a share and sell to make a profit

the sell order causes chuckage and you actually sell at $0.09 a share with another $2,000 commission


$0.09 minus $0.03 = $0.06 profit per share

$0.06 profit times 100,000 shares  = $6,000 profit

$6,000 profit - $2,000 commission (to buy) - $2,000 commission (to sell) = $2,000 overall profit


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I buy 100,000 shares of a $5 stock ($5,000 commission) and it moves up $1 = $100,000 profit


$100,000 minus $5,000 commission (to buy) and $6,000 commission (to sell) = $89,000 overall profit

 

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Do you buy 1 cent stock per share. Sell the stock 12-15 cent per share mike255 Jul 25, 07:02

Yes, penny stocks can make you $$... Flash Jul 25, 07:24

pennystocks are no longer profitable and have not been since HSX changed the rules a while ago {nm} RazorHawk Jul 25, 09:21

Razor u can still make decent money. You can take 5k profit each stock mike255 Jul 25, 09:28

simple math.... RazorHawk Jul 25, 10:19

you can keep doing it all the time in penny stock all the time mike255 Jul 25, 10:28

it is obvious that you are not interested in learning how to play the game. RazorHawk Jul 25, 11:50

+1 on the explanation on why $0.01 does not actually cost $0.01 anymore....the noob thing....they're always right, just ask them alfpaulytd2012 Jul 25, 12:07

Chuckage does not always occur with penny stocks, many stay @ .01 (but I do it on the hopes 1 or 2 will break out and go to JDolphin Jul 26, 00:22

Of course your math is correct..my answer was geared more to a stock that may go up to $2, $3, etc.. Flash Jul 26, 07:32

The best way to play penny stocks is to buy and hold JohnTEQP Jul 25, 14:46

+1 {nm} PVL Admin Jul 25, 21:36

Agreed - I bought TINTN for $0.10 and held it until delist so it can work... but it is long term {nm} baronblacksheep Jul 26, 08:07

Penny add up fast. If you have a lot of plenty cash to spend anyway mike255 Jul 25, 16:36

For us small ports, I think a judicial choice of penny stocks could work. The big ports, scoff, because it pointless for them. elchan Jul 28, 20:31

i have made some damn good money on penny stocks. i have developed a strategy and they pay off one by one {nm} ndmaster Jul 30, 12:25





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