PrisonStruggle Stock Market for Dummies

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PrisonStruggle Stock Market for Dummies

Post  SaintDL on Fri Jan 16, 2009 1:02 pm

i'm guessing everyone here is smart enough to know what is a loss and what is a profit.
but to those who don't, here's the basic. i will start with a mistake of mine.
first i invested in applet stocks which cost $10 each.
it quickly made its way to $14 and i got out with a quick profit.

then i got greedy and invested in a stock which i observed managed to hit $130ish -$200ish before. which happens to fall to $74 each.

i bought 2000 shares which is $154000 + $15400commission
the share actually risen a whoopin $10 to $84 each.
but i am actually stuck and had to wait on. for i will suffer a loss if i were to withdraw now.
see, if i were to withdraw now, $10 X 2000 shares = $20000 profit
yet i have to pay a commission of 10% X $168000 = $16800.
$16800 + $15400 = $32200.
$20000 - $32200 = loss of $12200.

therefore if you do not have a huge stash of emergency fund, better calculate properly before you invest your money!

So my hopes of getting a $250k cell at lvl 1 is dashed. some noobs has whacked me n lvlled me to vl 3 now...

SaintDL

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Join date: 2009-01-16

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