Referencing the point of paint jobs, there were th
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Posted On: 07/14/2018 8:08:46 AM
Referencing the point of paint jobs, there were three trades yesterday:
- 5,000,000 shares x $0.0001 = $500
- 70,000 shares x $0.0002 = $14
- 3,285 shares x $0.0001 = $0.3285 (round up to 33 cents)
First trade: $500 in dollar volume, and clearly not a paint job.
Second trade: on the border line but this trade breaks even including trading commissions at $0.0004 (value is then $28 so minus $14 cost + $12 commission = $2 net profit). However, why didn't the trader buy say $50 of shares (250,000 shares)? That wouldn't break the bank.
Third trade: Clear paint job since it has little chance of reaching break even, but for what purpose?
- 5,000,000 shares x $0.0001 = $500
- 70,000 shares x $0.0002 = $14
- 3,285 shares x $0.0001 = $0.3285 (round up to 33 cents)
First trade: $500 in dollar volume, and clearly not a paint job.
Second trade: on the border line but this trade breaks even including trading commissions at $0.0004 (value is then $28 so minus $14 cost + $12 commission = $2 net profit). However, why didn't the trader buy say $50 of shares (250,000 shares)? That wouldn't break the bank.
Third trade: Clear paint job since it has little chance of reaching break even, but for what purpose?
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