Hi Few Pennies, your going to end up with only a few pennies with math like that.
Sell a $10,000.00 parcel and pay $30 brokerage you end up with $9970 not $9070. That will effect your entire example.
But here’s a reality example. On the 14th March I bought 450,000 shares at .028 for a total of $12600 plus $29.95 brokerage so total of $12629.95.
Now as Mattdamon and I were talking two days ago (posts above) I hesitated in selling into the volume at .o36 and as stated previously, boy do I regret it. Had I sold those 450,000 shares at .036 that would be $16,200 - $29.95 brokerage leaving a balance of $16170.05
Now $16170.05 taking away my outlay of $12629.95 leaves a profit of $3540.10. So, if I spent that $3500 on shares today at .032 then I would be freecarrying an extra 109375 shares.
Now when I’m only holding under 2 mill shares in total, I’ll do that every day of the week if I could. Nearly all of my holding is freecarry because of this practise although I clearly stuffed up this week. ( I’m blaming Matt).
Plus, I’m even happy to have the tax problem. I know, sick hey.
Now here’s the thing, I’m not even good at it! Imaging what the experienced guys are doing.
Anyway, each to their own. This is just another point of view but based on reality.
Cheers.
IMU
Price at posting:
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