posted
Hi guys, noob here, still paper trading, heres my ??
lets say I buy 20,000 at .002= $40 +12.99 commision= $52.99 now the shares drop down to .0016 and I buy more lets say 80,000 =$128 +12.99 (commision) =$140.99
I now have invested a total of 193.98, so now I have 100,000 shares
now the stock goes up to .0019, so I decide to sell all 100,000, does this sell go in as 2 separate orders since I made 2 buys, or does it go in as 1 order at .0019 and I pay a commision of 12.99
and if my math is right I would need this paper stock to reach .0025 at 100,000= $250 to make a profit
I hope Im making since here, I keep hearing you guys talk about flipping and covering your losses thanks
chuck9
posted
If I read your post correctly, you actually traded twice, which were buys plus a commission for each trade.
Now, you want to sell all the 100,000 shares. This can be done in one trade plus commission. So in reality, you actually have traded three times. Two buys one sale with commission on each trade. I trade Ameritrade, and this is how it is done there. chuck.
T e x
posted
yep...number of buys not related to number of sells...no more so than if you bought five bushels of widgets, in say, five separate buys: If someone wants all five bushels? sell 'em, right?
However, let's say you put in a "good for today" sell for the whole lot. What can happen is only x-amount get sold, in the first fill. Later, some more get, sold; then right before close, some more get sold: those three sells are covered by one commish (ie, with my accounts--check with your broker). But then the last lot needs to queued up again, the next day or whenever...that will entail another commission charge.
biker0962
posted
thanks guys
Machiavelli
posted
If you have to ask this question then you do not know what you are doing. My recommendation is read books before you get your feet wet. 3 Books I recommend are below. Anymore books, let me know (they can be bought cheaply used).
1. A Beginner's Guide to Short Term Trading by Toni Turner www.toniturner.com or amazon.com
2. How I made $2,000,000 in the Stock Market by Nicolas Darvas - amazon.com
3. Reminisces of a Stock Operator by Edwin Lefevre - amazon.com
biker0962
posted
thanks Machiavelli, went and found A beginners guide to day trading online 2nd edition by toni turner, will go online and find those others
and yes your right I dont know what Im doing fully, but I am learning and trying ( im a slow old dog-LOL), so I will be posting more questions, some may sound really dumb like the above ??, I just want to make sure I dont make any really dumb mistakes, I want to be one of the good traders and I know alot of you folks will be able to guide me in the right direction, so I thank you all and I will try to absorb this info
T e x
posted
Ask away--don't worry about "dumb" questions...AT ALL, especially in this forum...
which, by the way, you can "search"
However, during session, remember that trading threads are for peeps who are trading... You can read some threads and see what kinds of questions come up during trading.
Our deal is--the more good traders, the better...
Good Luck! Hope you stick with it...
tex
chuck9
posted
Tex, That is exactly right, there is no such thing as a dumb question. The only dumb question is the one that you don't ask. Feel free to ask anything- I'll try and answer all.
posted ![[Wink]](wink.gif)