Quote from random trader:
Fortunately, commision is $1 and included in the calculation. Answered this many times before. Another lazy guy caught red-handed.
i must have missed this in your thread. If it only costs you one dollar each side and your profit is taking that cost into consideration, then it looks like you havve a winning strategy that may bite you in the ass in the future! haha With penny stocks, you never really know what's going to happen. suppose half of the stocks you are in went bankrupt on a partiuclar day? THis is quite possible! Good luck and I hope you have continued success. It would be nice if rather than just saying N=20, you could list the 20 stocks you bought or sold.
So where do you pay only $1 per side for penny stocks? where do you trade? Also, how many shares of each stock do you buy?
Is what you do called basket trading?
Thanks