$2,185 Profit
ADVTLong Stock
papajohn
papajohnJan 27, 18 12:11 AM

This was a great OTC multi day breakout play. Had to use my smaller E Trade account in order to buy this many shares without killing myself with per share commissions. Otherwise this position would have been 3 times bigger. Still had a very decent profit and my E Trade account is getting closer to being able to handle full size positions.

3
30
Newsletters:TimChallengeMillionaire Masters Program
Broker:ETrade
Join Now
DatePrice
Entry1/24/20180.035
Exit1/26/20180.0462
  • Total Views941
  • Position Size200,000
  • Percentage32%
Proof
Copy and paste the following into your page or blog. If using WordPress, you must paste this in the HTML tab only:
Nodrog
NodrogJan 28, 18 3:20 PM

Great trade! You wouldn't have paid too much with IB. Within their fixed pricing scheme, they charge per share OR 0.5% of the trade value (to keep commissions reasonable when trading penny stocks. So, for 200K shares at $0,035, you would have paid $35 commissions to enter and again to exit. ;-) From IB website: 1,000 Shares @ USD 25 Share Price = USD 5.00 1,000 Shares @ USD 0.25 Share Price = USD 1.25

papajohn
papajohnJan 28, 18 6:23 PM

@Nodrog I need to look into opening an account with them directly. My account is through Venom and they use the IB platform but I guess the commission structure is different.

StevieW
StevieWJan 29, 18 1:58 PM

@papajohn You would've paid the same commission. I have IB and Venom. I pay nearly the exact same commission at both. Unless theres some commission structure that I am not signed up for at IB... Lol

Join now or log in to leave a comment