Are you losing 5% every time you're doing that?
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- Thread starter Dave
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Yes, but if it goes up from 2.08 to 2.30, I still make a profit.
So wait, you buy at 2.08, wait for it to go to 2.30, sell and then re-buy at 2.30?
Dave
Staff member
Yeah, he's trying to game the system by buying, waiting until the live climbs and if the live dips he sells, hoping to make the change before it updates in our system. You can certainly do it, but man is it time consuming!
no, I wait for it to dip again, THEN I BUY IT AGAIN.
Silly Adam.[DOUBLEPOST=1357165339][/DOUBLEPOST]
Actually, I haven't been relying on the delay. I've been watching this stock bounce back and forth between 2.08 and 2.44 for the last two weeks now. It's a good one to invest, sell, and invest again. Sadly right now it is down, so I'll have to wait until tomorrow and hope for a jump at opening (which has been typical)
But but...you're cutting your net by huge numbers when you do that.
Rule of Acquisition #2: The best deal is the one that brings the most profit.
Rules of Acquisition #202: The justification for profit is profit.
Dave
Staff member
You forget I tried to do the same thing to test the waters right after I started this. It can be done but unless you are working in huge volumes, it's just too time consuming and not worth it. Gaming the system isn't dirty cheating, it's exploiting loopholes in the code. You are...the 1%.
Any of you guys actually invested in the real stock market?
Me, but I have a lady down at the bank who makes all my banking (and, by extension, stocks) related decisions for me. I give her a pile of money, she comes back after six months and gives me a slightly bigger pile of money, hopefully.
In retrospect, this does seem like a rather risky operation. I wonder how I was talked into this. Probably had something to do with the fact that she's very hot, and her bank uniform is very form-fitting.
figmentPez
Staff member
Didn't Shegokigo used to work in a bank?
I think so, but as far as I'm aware it couldn't have been her, given how I'm still alive and have all my limbs intact.
Holy crap, I hadn't even noticed Abbott taking a hit like that. I had a nice chunk of cash invested in them too.
Stupid Abbott Laboratories.
GasBandit
Staff member
Yes, but not in a manner that I watch stocks day to day. My IRAs are in mutual funds.
Congress (and their friends) has been doing it for years. Thank goodness they put a stop to it (officially).
--Patrick
GasBandit
Staff member
For too long has General Specific unjustly denied me my spot atop the portfolio rankings. 
Pfft, the portfolio rankings should be listed by percentage growth, not dollar growth. You shouldn't even be in the top 10.For too long has General Specific unjustly denied me my spot atop the portfolio rankings.
GasBandit
Staff member
Heh, yeah, it probably should. But it ain't.
And really, it won't be a proper listing unless it takes into account things you've sold off, which it currently doesn't. Bad stock? Sell it and it no longer counts against you. Good stock? If you sell it, all that +% goes away.
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