GoFuckYourself.com - Adult Webmaster Forum - View Single Post - I'm buying FARE this morning.. Talk me out of it

MrMaxwell · 01-08-2013, 08:09 AM

I got out of fare.. ended up getting at .2671 and selling at .3085. I booked a small loss due to the trade being small and my broker being stupid. They charge $9.99 + $.007 surcharge.

Date Execution Time Shares Price Cost Commission Net Cost Reference Number Confirmation(s)
01/07/2013 9:32:24 AM ET 324 $0.2671 $86.54 $12.22 $98.76

Date Execution Time Shares Price Proceeds Commission Net Proceeds Reference Number Confirmation(s)
01/08/2013 9:32:20 AM ET 324 $0.3085 $99.95 $12.22 $87.73

When you're only making a $100 trade and you have to beat the spread and the broker, shit ain't easy. But as you can see it would have been a profitable trade if it was larger and executed through a better broker (this one is slow and expensive).

Also I am pretty confident that I could have sold several cents higer, but I jumped out of that trade fast in order to jump all over some other stock I'm buying for no apparent reason ...

I paid .0002 for this http://www.otcmarkets.com/stock/PCFG/chart (and NOW everyone probably has good reason for giving me hell)

01-08-2013, 08:09 AM
MrMaxwell Too lazy to set a custom title Industry Role: Join Date: Jul 2005 Posts: 10,057	I got out of fare.. ended up getting at .2671 and selling at .3085. I booked a small loss due to the trade being small and my broker being stupid. They charge $9.99 + $.007 surcharge. Date Execution Time Shares Price Cost Commission Net Cost Reference Number Confirmation(s) 01/07/2013 9:32:24 AM ET 324 $0.2671 $86.54 $12.22 $98.76 Date Execution Time Shares Price Proceeds Commission Net Proceeds Reference Number Confirmation(s) 01/08/2013 9:32:20 AM ET 324 $0.3085 $99.95 $12.22 $87.73 When you're only making a $100 trade and you have to beat the spread and the broker, shit ain't easy. But as you can see it would have been a profitable trade if it was larger and executed through a better broker (this one is slow and expensive). Also I am pretty confident that I could have sold several cents higer, but I jumped out of that trade fast in order to jump all over some other stock I'm buying for no apparent reason ... I paid .0002 for this http://www.otcmarkets.com/stock/PCFG/chart (and NOW everyone probably has good reason for giving me hell)