Perpetual Lottery Tickets Drawer

Quote from random trader:



I am smarter than that. :D

I use IB, where the commision is $1 for 100 shares. N=14, X=$567, so the average purchase price is $567/14 = $40.5. Not as bad as you think, huh?

"If a stock costs a penny"? Where did you get the idea I am buying $0.01 stocks? Pay attention dude!
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pardon my noobishness, but what does IB stand for? I told someone at work of your "experiment" and he was wondering where you were buying at $1 per 100 shares
 
Quote from trudd:




pardon my noobishness, but what does IB stand for? I told someone at work of your "experiment" and he was wondering where you were buying at $1 per 100 shares
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Interactivebrokers
 
Quote from random trader:

11/26/03

Added two today.

N = 31
X = $1304
Sum(P) = $202

Stock market to the middle class is lottery to the underclass.
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So do I have this correct?
  • You have 31 lottery tickets (100 shares each)
  • They cost you $1,304.00 including commish to get in
  • Their value is $1,506.00 if you cashed them in at the time of the quoted post above including sell commish

Michael B.
 
Quote from ElectricSavant:




So do I have this correct?
  • You have 31 lottery tickets (100 shares each)
  • They cost you $1,304.00 including commish to get in
  • Their value is $1,506.00 if you cashed them in at the time of the quoted post above including sell commish

Michael B.
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Yes for #1 and #2. #3 is close. Their value of $1506 is based on the closing price. I may not be able to liquidate at the close price but the difference shouldn't be too large.
 
Quote from random trader:



Yes for #1 and #2. #3 is close. Their value of $1506 is based on the closing price. I may not be able to liquidate at the close price but the difference shouldn't be too large.
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Excuse me for taking up your time in this experimental journal...but perhaps to double our money we might consider adding 10% more profit in our goal to net double. Probably not a big deal but i see the drawer getting fuller.

I hope you continue posting and I hope this works....this just takes the air out of TA.

Michael B.
 
Quote from ElectricSavant:




Excuse me for taking up your time in this experimental journal...but perhaps to double our money we might consider adding 10% more profit in our goal to net double.
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Fair enough.
 
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