(03-21-2021, 01:41 PM)JaG4LyFe Wrote:

(03-21-2021, 11:32 AM)HURRICANE!!! Wrote: The deal with the Reddit stocks is that they randomly pop by 25% to over 100% on any given day so holding or buying up until then is a good move in the current market.  I currently have a cashed in ROI of 63% on AMC, GME, KOSS, and EXPR.  Lately, I've been conservative and have been selling when it pops to ~ 25% to 30% if it's looking like that's the peak on any given day.

JIB said I could have moved my money into an ETF that pays 80 percent+ in 10 trade days. Patiently waiting for the name of said ETF on steroids...

I never said any such thing.

I also don't see how you come up with "80% gains" with the transactions that you described.  As SF pointed out, you are doing nothing more than "dollar cost averaging".

I'll try to outline it in simple terms using simple math.  If I'm reading what you wrote correctly your transactions were as follows.

Initial position of 20 shares @ 8.97 = $179.40
20 more shares at "8.50ish" is 8 x 8.50 = $170.00
40 more shares at "8 ish" is 40 x 8.00 = $320.00
You "did it again" when it went "sub 8" so I assume 160 shares at "sub 8" (we'll assume 7.90)  160 x $7.90 = $1264.00

So your total "investment" is $179.40 + $170.00 + $320.00 + $1264.00 = $1933.40

Then you sold 60 shares "somewhere around 10 a share".  60 x $10.00 = $600.00

How exactly have you made an "80% gain"?  Especially since this is before taxes and fees?

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