(03-21-2021, 04:07 PM)JaG4LyFe Wrote:

(03-21-2021, 03:47 PM)jagibelieve Wrote: 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?

My 100 shares are sitting at 13.56 with two 75.00 premiums collected from an initial 8.14 average. Plus the 1.86 x 60 shares. If I dump my 100 shares at market Monday I would be well above 80 percent on my trade. Where's that rocket ship ETF, I'd like a gander?

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(03-20-2021, 02:22 AM)Senor Fantastico Wrote: Seems like a weird name for dollar cost averaging.

Tomato/Tomatoe

So in other words, you have not made a gain.  You don't make money on a stock until you sell it.  Either way your math doesn't add up.  No big deal, just continue to gamble away on penny stocks.

Also, I never claimed that an ETF would make "80% gains in 10 days".  If there is one out there I surely don't know about it.  I said that if you had bought one and held it for a month you would make more money.

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