Did anyone profit from this years volatile stock market
#41
You'll still lose money on just the buy/sell transactions alone. I'm sorry, but what you're saying isn't making any sense.....
- You buy 1 share at $50 plus pay commissions on the buy transaction
- Stock drops to $45 on the open market, so you're under $5
- You sell the stock say at $44 since that is how much a potential buyer is willing to pay for it. Now you're under $6 plus transaction fees x2
- Then you're going to buy back in at $44 and pay another transaction fee?
You'd sell it if you think it would go much lower than $45 to cut your losses.
- You buy 1 share at $50 plus pay commissions on the buy transaction
- Stock drops to $45 on the open market, so you're under $5
- You sell the stock say at $44 since that is how much a potential buyer is willing to pay for it. Now you're under $6 plus transaction fees x2
- Then you're going to buy back in at $44 and pay another transaction fee?
You'd sell it if you think it would go much lower than $45 to cut your losses.
If you have faith in the stock itself, I would hold onto the existing stock and purchase more shares, as that will decrease your overall loses, and HOPEFULLY put you in the green in terms of overall gains.
Me, I transferred money to overseas where they have guaranteed 10% return in 12 months. Only downside is if the bank goes belly up, I'm SOL.
There's a risk in everything, walking, driving, flying, having sex, eating food, etc....
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TLDude876
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12-28-2016 03:18 PM