Whatever guys, thread open. (1 Viewer)

[Ignoratio Elenchi]

If I didn't sell my portfolio, I would have not made as much money on the day, right?

If I didn't touch my HEMP, I would have 1,651 shares @ $0.08 per share.

Since I sold and rebought my HEMP, I now have 1,666 shares @ $0.08 per share.

It's a moderate gain but definitely a better move than 'doing nothing'. Transaction fees gouged me a bit but I like the position I'm in. I know what the % yields were and I want to see if I can consistently create them.

I haven't been paying close attention, but are you saying you paid $16 in transaction fees today to add 15 shares of a stock valued at $0.08?

 

[Mario Kart]

If I didn't sell my portfolio, I would have not made as much money on the day, right?

If I didn't touch my HEMP, I would have 1,651 shares @ $0.08 per share.

Since I sold and rebought my HEMP, I now have 1,666 shares @ $0.08 per share.

It's a moderate gain but definitely a better move than 'doing nothing'. Transaction fees gouged me a bit but I like the position I'm in. I know what the % yields were and I want to see if I can consistently create them.

I haven't been paying close attention, but are you saying you paid $16 in transaction fees today to add 15 shares of a stock valued at $0.08?

That's right. So he is up 39% on the day.

(made those numbers up because that appears to be the theme of the thread)

 

[Captain Quinoa]

If I didn't sell my portfolio, I would have not made as much money on the day, right?

If I didn't touch my HEMP, I would have 1,651 shares @ $0.08 per share.

Since I sold and rebought my HEMP, I now have 1,666 shares @ $0.08 per share.

It's a moderate gain but definitely a better move than 'doing nothing'. Transaction fees gouged me a bit but I like the position I'm in. I know what the % yields were and I want to see if I can consistently create them.

I haven't been paying close attention, but are you saying you paid $16 in transaction fees today to add 15 shares of a stock valued at $0.08?

IT'S WAY MORE COMPLICATED THAN THAT YOU SIMPLETON GET OUT OF THIS THREAD IF YOU CAN'T UNDERSTAND WHY THIS PROVES THAT LONG TERM HE WILL BE A BRAZILLIONAIRE

 

[Eminence]

Market is closed. Let's recap the day.

JANUARY 28TH, CLOSING

MARKET VALUE OF PORTFOLIO: $739.76

PRICE PAID: $681.3

CHANGE SINCE PURCHASE: $58.22 (8.55%)

-

TRANSACTIONS:

SOLD 1651 HEMP @ $0.083 PER SHARE

+$137.033

BOUGHT 1666 HEMP @ $0.0714 PER SHARE

+$118.95

NOTES:

I woke up to find my HEMP stock up 25%. I literally ran downstairs to sell this stock as quickly as possible. At one point it was valued at $0.087 per share. I jumped on that sale and ended up selling it for $0.083 per share.

I scooped up 1,666 shares @ $0.0714 per share.

The share closed at $0.08 per share.

 

[ShaHBucks]

A penny stock investment fund, brilliant.

You might have to kick me out next man.

 

[bushdocda]

Helluva day boys. Time for a highball.

 

[Eminence]

1651 @ .08 = 132.08

1666 @ .08 = 133.28

Difference of $1.20

MINUS ~$16 in transaction fees brings us to

-$14.80 on the day.

Conclusion... no, you are not better now than where you were this morning.

Are you being serious?

OPEN

1,651 shares of HEMP @ $.0709 per share.

Value: $117.055

END OF DAY

1,666 shares of HEMP @ $0.080 per share.

Value: $132.28

-

$117.055 < $132.28

-

I don't get what you could possibly have wanted me to do differently. My stock's value increased in and I also own more shares of it.

 

[tonydead]

I AM PRACTICING DAY-TRADING FOR WHEN I HAVE $500 OF WALGREENS STOCK AVAILABLE FOR TRADE @ A 10% DISCOUNT AT MY DISPOSAL EACH MONTH.

What Witz and Mario are trying to tell you is that you don't have to actually sell your stock to "practice" your day trading. Just pretend, write it down on paper and do the math. That way you wont loose money because you don't have $500 dollars a month yet.

 

[Premier]

If I didn't sell my portfolio, I would have not made as much money on the day, right?

If I didn't touch my HEMP, I would have 1,651 shares @ $0.08 per share.

Since I sold and rebought my HEMP, I now have 1,666 shares @ $0.08 per share.

It's a moderate gain but definitely a better move than 'doing nothing'. Transaction fees gouged me a bit but I like the position I'm in. I know what the % yields were and I want to see if I can consistently create them.

I haven't been paying close attention, but are you saying you paid $16 in transaction fees today to add 15 shares of a stock valued at $0.08?

Yea but still.

 

[TheAristocrat]

You're simple as hell if you can't follow what's going on.
I've flipped HEMP stock for a 84% and a 39% profit. I'm about to make another 12% profit. I'm registering LOW YIELDS because of transaction fees exclusively, if I was investing $500 a pop on these I would have seen profits of:

$420.

$195.

$60.

You keep mentioning your % gain but it means nothing because its so small.

It's not the size of the boat, it's the motion in the ocean.

JACKHAMMER

 

[Premier]

Helluva day boys. Time for a highball.

 

[Eminence]

OK, then guys. What should I have done with my stock today? Let it sit?

If I didn't TOUCH my stock. I would have:

1,651 shares worth $0.08 per share.

Since I did TOUCH my stock. It's currently worth:

1,666 shares worth $0.08 per share.

What exactly did I screw up?

 

[TheAristocrat]

Here's a thought:

Start a podcast. Pretty sure anyone can do these now. It's the equivalent to Public Access TV for this generation. You could be the next Jim Cramer. If your stock picks continue to do well, your followers will increase. Eventually you can turn it into a pay service.

Every smart business person knows that you don't get rich looking for the gold. You get rich selling the supplies that people need to go searching for that gold.

I couldn't like this post twice. Great suggestion, Shiek.

 

[Dr Oadi]

Oh, and he paid $23.85 in transaction fees to make $23.10

The rich get richer.

Why is that funny? This thread is about my fund. My % increase is through the roof, sorry I don't have seed money but if you're just going to mock me I'll just as soon have this thread deleted.

Maybe you guys are missing the point of this thread? You guys trying to make money or not?

Im in on the next one.

 

[Eminence]

Guys, you are really dumb if you don't realize what's going on.

 

[Premier]

OK, then guys. What should I have done with my stock today? Let it sit?

If I didn't TOUCH my stock. I would have:

1,651 shares worth $0.08 per share.

Since I did TOUCH my stock. It's currently worth:

1,666 shares worth $0.08 per share.

What exactly did I screw up?

How long will it take those extra 15 shares to make up the 14 dollars or whatever you spent today in fees?

You really don't get this?

 

[tonydead]

OK, then guys. What should I have done with my stock today? Let it sit?

If I didn't TOUCH my stock. I would have:

1,651 shares worth $0.08 per share.

Since I did TOUCH my stock. It's currently worth:

1,666 shares worth $0.08 per share.

What exactly did I screw up?

!!!!!

1651 @ .08 = 132.08

1666 @ .08 = 133.28

Difference of $1.20

MINUS ~$16 in transaction fees brings us to

-$14.80 on the day.

Conclusion... no, you are not better now than where you were this morning.

 

[Witz]

OK, then guys. What should I have done with my stock today? Let it sit?

If I didn't TOUCH my stock. I would have:

1,651 shares worth $0.08 per share.

Since I did TOUCH my stock. It's currently worth:

1,666 shares worth $0.08 per share.

What exactly did I screw up?

You're completely ignoring transaction fees for one thing. When a single transaction fee equates to 8% of your portfolio, that's a big difference.

If you did nothing today and retained your 1651 shares (at an average cost basis of .0545), you would have had 1651 * .08 for $132.08 AND $15.90 in uninvested cash for a total of $147.98

Based on what you did, you now have 1666 shares (at a cost basis of .0714), you have 1666 * .08 for $133.28 LESS $15.90 for the fees you paid for a total of $117.38

This is what folks are saying that if you did nothing today, you'd be sitting better than you are now. We're just talking about FOR TODAY. Who knows whether the stock will take off tomorrow or not.

Feelings, intentions, etc all aside, this is your balance sheet as of right now.

 

[TheAristocrat]

OK, then guys. What should I have done with my stock today? Let it sit?

If I didn't TOUCH my stock. I would have:

1,651 shares worth $0.08 per share.

Since I did TOUCH my stock. It's currently worth:

1,666 shares worth $0.08 per share.

What exactly did I screw up?

You're completely ignoring transaction fees for one thing. When a single transaction fee equates to 8% of your portfolio, that's a big difference.

If you did nothing today and retained your 1651 shares (at an average cost basis of .0545), you would have had 1651 * .08 for $132.08 AND $15.90 in uninvested cash for a total of $147.98

Based on what you did, you now have 1666 shares (at a cost basis of .0714), you have 1666 * .08 for $133.28 LESS $15.90 for the fees you paid for a total of $117.38

This is what folks are saying that if you did nothing today, you'd be sitting better than you are now. We're just talking about FOR TODAY. Who knows whether the stock will take off tomorrow or not.

Feelings, intentions, etc all aside, this is your balance sheet as of right now.

But what if he replies in all capital letters? Will that change the facts?

 

[Premier]

My wife just texted me that she spent 200 bucks on a new purse. Time to get in on some penny stocks.

PURCHASED: 450 shares of METH

 

[Cliff Clavin]

OK, then guys. What should I have done with my stock today? Let it sit?

If I didn't TOUCH my stock. I would have:

1,651 shares worth $0.08 per share.

Since I did TOUCH my stock. It's currently worth:

1,666 shares worth $0.08 per share.

What exactly did I screw up?

You're completely ignoring transaction fees for one thing. When a single transaction fee equates to 8% of your portfolio, that's a big difference.

If you did nothing today and retained your 1651 shares (at an average cost basis of .0545), you would have had 1651 * .08 for $132.08 AND $15.90 in uninvested cash for a total of $147.98

Based on what you did, you now have 1666 shares (at a cost basis of .0714), you have 1666 * .08 for $133.28 LESS $15.90 for the fees you paid for a total of $117.38

This is what folks are saying that if you did nothing today, you'd be sitting better than you are now. We're just talking about FOR TODAY. Who knows whether the stock will take off tomorrow or not.

Feelings, intentions, etc all aside, this is your balance sheet as of right now.

But what if he replies in all capital letters? Will that change the facts?

Or if he pretended to have eleventy forty dollars invested?

 

[Eminence]

OK, then guys. What should I have done with my stock today? Let it sit?

If I didn't TOUCH my stock. I would have:

1,651 shares worth $0.08 per share.

Since I did TOUCH my stock. It's currently worth:

1,666 shares worth $0.08 per share.

What exactly did I screw up?

If you did nothing today and retained your 1651 shares (at an average cost basis of .0545), you would have had 1651 * .08 for $132.08 AND $15.90 in uninvested cash for a total of $147.98

Hey genius, where do you think that "uninvested cash" came from?

(Everyone else, feel free to help him out with this one.)

 

[jon_mx]

OK, then guys. What should I have done with my stock today? Let it sit?

If I didn't TOUCH my stock. I would have:

1,651 shares worth $0.08 per share.

Since I did TOUCH my stock. It's currently worth:

1,666 shares worth $0.08 per share.

What exactly did I screw up?

How long will it take those extra 15 shares to make up the 14 dollars or whatever you spent today in fees?

You really don't get this?

I think he has already factored in the transition fees. He was able to add 15 extra shares including paying for the transaction fees. That slick move netted him a total of $1.20 worth of extra stock! You just don't make those kind of deals everyday....

 

[Witz]

OK, then guys. What should I have done with my stock today? Let it sit?

If I didn't TOUCH my stock. I would have:

1,651 shares worth $0.08 per share.

Since I did TOUCH my stock. It's currently worth:

1,666 shares worth $0.08 per share.

What exactly did I screw up?

If you did nothing today and retained your 1651 shares (at an average cost basis of .0545), you would have had 1651 * .08 for $132.08 AND $15.90 in uninvested cash for a total of $147.98

Hey genius, where do you think that "uninvested cash" came from?

It's understandable that you'd resort to name calling when you don't have a valid position to stand on.

When everyone is telling you that you are mistaken, there is probably a reason for that.

 

[Penguin]

Not everyone has several hundred k to invest at 22. Daniel Boone & Warren Beatty both started with less than Eminem and now they own the Oklahoma State Cowboys and a world famous buffet chain

 

[Aaron Rudnicki]

I don't get what you could possibly have wanted me to do differently. My stock's value increased in and I also own more shares of it.

now imagine if you didn't blow $15 on two transactions and just kept your original shares.

OPEN

1,651 shares of HEMP @ $.0709 per share.

Value: $117.055

END OF DAY

1,651 shares of HEMP @ $0.080 per share.

Value: $132.08

Gain: +15.025

 

[Card Trader]

The guys at Tradeking must have crapped themselves laughing when they saw a trade come in for 15 shares of an .08 stock.

 

[Eminence]

I don't get what you could possibly have wanted me to do differently. My stock's value increased in and I also own more shares of it.

now imagine if you didn't blow $15 on two transactions and just kept your original shares.

OPEN

1,651 shares of HEMP @ $.0709 per share.

Value: $117.055

END OF DAY

1,651 shares of HEMP @ $0.080 per share.

Value: $132.08

Gain: +15.025

Where do you think the money for those transaction fees came from?

 

[Leeroy Jenkins]

I don't get what you could possibly have wanted me to do differently. My stock's value increased in and I also own more shares of it.

now imagine if you didn't blow $15 on two transactions and just kept your original shares.

OPEN

1,651 shares of HEMP @ $.0709 per share.

Value: $117.055

END OF DAY

1,651 shares of HEMP @ $0.080 per share.

Value: $132.08

Gain: +15.025

Where do you think the money for those transaction fees came from?

What.

 

[tonydead]

I don't get what you could possibly have wanted me to do differently. My stock's value increased in and I also own more shares of it.

now imagine if you didn't blow $15 on two transactions and just kept your original shares.OPEN

1,651 shares of HEMP @ $.0709 per share.

Value: $117.055

END OF DAY

1,651 shares of HEMP @ $0.080 per share.

Value: $132.08

Gain: +15.025

Where do you think the money for those transaction fees came from?

Mommy?

 

[Eminence]

OK, then guys. What should I have done with my stock today? Let it sit?

If I didn't TOUCH my stock. I would have:

1,651 shares worth $0.08 per share.

Since I did TOUCH my stock. It's currently worth:

1,666 shares worth $0.08 per share.

What exactly did I screw up?

How long will it take those extra 15 shares to make up the 14 dollars or whatever you spent today in fees?

You really don't get this?

I think he has already factored in the transition fees. He was able to add 15 extra shares including paying for the transaction fees. That slick move netted him a total of $1.20 worth of extra stock! You just don't make those kind of deals everyday....

Smartest guy in the thread.

 

[Premier]

The guys at Tradeking must have crapped themselves laughing when they saw a trade come in for 15 shares of an .08 stock.

Lol.

I loved when he wrote "I put in an order to sell.." earlier today.

 

[Sarnoff]

Actual tears. And I really just banged my head on the desk.

 

[Aaron Rudnicki]

Guys, you are really dumb if you don't realize what's going on.

 

[Eminence]

I'll run through this niiiiice and slooow for you guys:

Here's what I did:

SOLD - $0.083 x 1641 = $136.20 - $7.95

VALUE - $128.25

BOUGHT - $0.071 x 1666 = $118.286 - $7.95

VALUE - $110.33

The stock then increased to $0.08 per share.

1,666 x $0.08 per share = $133.28

-

Here's what would have happened if I didn't touch my stock at all

OPEN: $0.0709 x 1651 = $117.05

CLOSE: $0.08 x 1651 = $132.08

-

VALUE OF SHARES @ OPENING: = $110.67

VALUE OF SHARES WHEN SOLD @ $0.083 PER SHARE = $129.563

VALUE OF SHARES CURRENTLY = $128.25

Does this make sense to you guys?

 

[StrikeS2k]

Guys, you are really dumb if you don't realize what's going on.

Whew. Thank God I know EXACTLY what is going on here.....

 

[TheAristocrat]

Can you declare bankruptcy if you live with your parents?

 

[TheIronSheik]

Helluva day boys. Time for a highball.

But just one. Can't afford anymore.

 

[Dr Oadi]

I'll run through this niiiiice and slooow for you guys:

Here's what I did:

SOLD - $0.083 x 1561 = $129.563 - $7.95

VALUE - $121.613

BOUGHT - $0.071 x 1666 = $118.286 - $7.95

VALUE - $110.33

The stock then increased to $0.08 per share.

1,666 x $0.08 per share = $133.28

-

Here's what would have happened if I didn't touch my stock at all

OPEN: $0.0709 x 1651 = $117.05

CLOSE: $0.08 x 1651 = $132.08

-

VALUE OF SHARES @ OPENING: = $110.67

VALUE OF SHARES WHEN SOLD @ $0.083 PER SHARE = $129.563

VALUE OF SHARES CURRENTLY = $133.28

Does this make sense to you guys?

You are making chump change.Your transaction fees are greater than your profits.

 

[TheIronSheik]

Em, don't listen to these fools. They are jealous of your uncanny ability to work the Stock Market. You have a skill. Don't let anyone tell you differently.

Will you be back on tomorrow to keep us updated of your progress?

 

[Eminence]

I'll run through this niiiiice and slooow for you guys:

Here's what I did:

SOLD - $0.083 x 1561 = $129.563 - $7.95

VALUE - $121.613

BOUGHT - $0.071 x 1666 = $118.286 - $7.95

VALUE - $110.33

The stock then increased to $0.08 per share.

1,666 x $0.08 per share = $133.28

-

Here's what would have happened if I didn't touch my stock at all

OPEN: $0.0709 x 1651 = $117.05

CLOSE: $0.08 x 1651 = $132.08

-

VALUE OF SHARES @ OPENING: = $110.67

VALUE OF SHARES WHEN SOLD @ $0.083 PER SHARE = $129.563

VALUE OF SHARES CURRENTLY = $133.28

Does this make sense to you guys?

You are making chump change.Your transaction fees are greater than your profits.

Well, duh, but that's not really the point. This is a thread trying to get people to invest money into my fund. And I have made gains of:

84%

39%

12%

In the past-week, that could be your money, sir.

 

[Eminence]

I'll run through this niiiiice and slooow for you guys:

Here's what I did:

SOLD - $0.083 x 1561 = $129.563 - $7.95

VALUE - $121.613

BOUGHT - $0.071 x 1666 = $118.286 - $7.95

VALUE - $110.33

The stock then increased to $0.08 per share.

1,666 x $0.08 per share = $133.28

-

Here's what would have happened if I didn't touch my stock at all

OPEN: $0.0709 x 1651 = $117.05

CLOSE: $0.08 x 1651 = $132.08

-

VALUE OF SHARES @ OPENING: = $110.67

VALUE OF SHARES WHEN SOLD @ $0.083 PER SHARE = $129.563

VALUE OF SHARES CURRENTLY = $133.28

Does this make sense to you guys?

You are making chump change.Your transaction fees are greater than your profits.

Well, duh, but that's not really the point. This is a thread trying to get people to invest money into my fund. And I have made gains of:

84%

39%

12%

In the past-week, that could be your money, sir.

If anyone would have matched my initial investment, we'd easily be in the GREEN right now. Transaction fees would become a decreasingly less of an issue with more people's money involved. Our % increase would remain the same, just the transaction fees would be nullfied.

The best part however, is that you'd be invested in the Eminence Fund™.

 

[tonydead]

He purposely led everyone to believe he didn't include the transaction fees. That's why this is a big

I AM PRACTICING DAY-TRADING FOR WHEN I HAVE $500 OF WALGREENS STOCK AVAILABLE FOR TRADE @ A 10% DISCOUNT AT MY DISPOSAL EACH MONTH.

I DON'T CARE ABOUT HOW MUCH I DID NOT NOT MAKE RIGHT NOW, I HAVE $500 COMING MY EACH MONTH STARTING IN MARCH.

Blah
Blah
Blah

TRANSACTION FEES WOULD BE INSIGNIFICANT AT THIS SCALE.

I DO NOT CARE THAT I AM AT A LOSS, BECAUSE I AM ONLY AT A LOSS BECAUSE OF MY SMALL INVESTMENT SIZE. MY STOCK PURCHASES AND SELLS HAVE BEEN PERFECT.

 

[Premier]

I'll run through this niiiiice and slooow for you guys:

Here's what I did:

SOLD - $0.083 x 1561 = $129.563 - $7.95

VALUE - $121.613

BOUGHT - $0.071 x 1666 = $118.286 - $7.95

VALUE - $110.33

The stock then increased to $0.08 per share.

1,666 x $0.08 per share = $133.28

-

Here's what would have happened if I didn't touch my stock at all

OPEN: $0.0709 x 1651 = $117.05

CLOSE: $0.08 x 1651 = $132.08

-

VALUE OF SHARES @ OPENING: = $110.67

VALUE OF SHARES WHEN SOLD @ $0.083 PER SHARE = $129.563

VALUE OF SHARES CURRENTLY = $133.28

Does this make sense to you guys?

You are making chump change.Your transaction fees are greater than your profits.

Well, duh, but that's not really the point. This is a thread trying to get people to invest money into my fund. And I have made gains of:

84%

39%

12%

In the past-week, that could be your money, sir.

Whoa. THAT is why you're doing this?

 

[Aaron Rudnicki]

For your information, I just made a cool $25 playing the market. Buy low, sell high, that’s my motto. I may just quit my job at the power plant and become a full-time stock… market guy.

 

[TheIronSheik]

I'll run through this niiiiice and slooow for you guys:

Here's what I did:

SOLD - $0.083 x 1561 = $129.563 - $7.95

VALUE - $121.613

BOUGHT - $0.071 x 1666 = $118.286 - $7.95

VALUE - $110.33

The stock then increased to $0.08 per share.

1,666 x $0.08 per share = $133.28

-

Here's what would have happened if I didn't touch my stock at all

OPEN: $0.0709 x 1651 = $117.05

CLOSE: $0.08 x 1651 = $132.08

-

VALUE OF SHARES @ OPENING: = $110.67

VALUE OF SHARES WHEN SOLD @ $0.083 PER SHARE = $129.563

VALUE OF SHARES CURRENTLY = $133.28

Does this make sense to you guys?

You are making chump change.Your transaction fees are greater than your profits.

Well, duh, but that's not really the point. This is a thread trying to get people to invest money into my fund. And I have made gains of:

84%

39%

12%

In the past-week, that could be your money, sir.

Whoa. THAT is why you're doing this?

Oh yeah. Just when you think this can't get any better... BAM!!!! This is why I love Em.

 

[Premier]

I'm tempted to kick him 20 bucks just for the laughs.

 

[Eminence]

I'll run through this niiiiice and slooow for you guys:

Here's what I did:

SOLD - $0.083 x 1561 = $129.563 - $7.95

VALUE - $121.613

BOUGHT - $0.071 x 1666 = $118.286 - $7.95

VALUE - $110.33

The stock then increased to $0.08 per share.

1,666 x $0.08 per share = $133.28

-

Here's what would have happened if I didn't touch my stock at all

OPEN: $0.0709 x 1651 = $117.05

CLOSE: $0.08 x 1651 = $132.08

-

VALUE OF SHARES @ OPENING: = $110.67

VALUE OF SHARES WHEN SOLD @ $0.083 PER SHARE = $129.563

VALUE OF SHARES CURRENTLY = $133.28

Does this make sense to you guys?

You are making chump change.Your transaction fees are greater than your profits.

Well, duh, but that's not really the point. This is a thread trying to get people to invest money into my fund. And I have made gains of:

84%

39%

12%

In the past-week, that could be your money, sir.

Whoa. THAT is why you're doing this?

Didn't you read the original post? This is the spinoff of the,

"Hey gays, who wants to make some money?" thread.

It was an eloquently written thread quoting such stock success stories as:

Best Buy

Twitter

 

[bagger]

Guys, you are really dumb if you don't realize what's going on.

gonna have to agree with emi here.

 

[Premier]

Oh man I never saw that twitter thread.

I HAVE SO MUCH TO READ