| In January, 2009, we started an investing contest. A bunch of us began with $100K and posted our trades whenever we bought or sold. At the end of each month we reported our portfolio balances. On Jan 6, I bought 60,000 shares of GCE at $1.65, paid a $15 "trading fee" and was left with $985 cash. ** In March I decided I was tired of things financial ... and dropped out of the contest (tho' I still keep track of monthly balances). Today, I took a peek at what my portfolio would be: $248K Mamma mia! Why did I drop out #!@%&$?  **  I had originally said WTN But they is both Canadian coal companies, eh?  In fact, I alternate 'tween WTN and GCE in my personal portfolio. |
Thursday, August 13, 2009
Contest
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And if you had alternately long/short traded the $99,000 WTO.TO everyday,from open to close, you would now have $333,280 after subtracting $30 round trip transaction fees each day, lol.
ReplyDeleteFunny!
ReplyDeleteOr
... bought at the low each day, paid a $15 fee, then sold at the high (and paid the $15).
Mamma mia!
You'd be a billionnaire, eh?
Pietro
ReplyDeleteI found your site by chance. I know you are bored with financial stuff but you may still enjoy
www.mathestate.com
RJB