SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tim Luke who wrote (7950)1/16/1999 1:56:00 PM
From: Junkyardawg  Read Replies (1) of 90042
 
Tim
Discussion:
I was reading your article in the WSJ.09/08/98.
I did some basic math on the stock you were "daytrading"
at time. (just for fun)
You bought and sold 7th Level Inc.. 3 different times with
a profit of $3,063 in one day. This would be 6 commission charges
of an average of $25.00 a commission. Total profit tax not included
were $2913.00.
Now if you had bought that same stock and sold it only one time
instead of daytrading you would have had only 2 commission charges
of a total of $50.00. If you bought at the same original price
discussed in the article and closed at the same closing price of
your last trade in the article your total profits would have
been $4321.00. A total gain over and above the daytrading way of
trading is $1408.00.
If hindsight is a good teacher then I am a star pupil.
dawg
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News