@Ddr Right now he is at £6.80 with a £6.43 instant sell per share, just used the £6.42 as it was the IS at the time of writing. The 1612.9 is at £6.20 a share which was what he was at yesterday
@NewUser152089 fair enough, but if you were intending to flip quick then you would've sold last night during the game rather than this morning so the figures I worked out are more likely what you could look to achieve......and that's only if you instant sold. If youd managed to market sell then youd have had another 547 quid less commission, so would've worked out close to a 9% return
LittleFish last edited by
Did I not see through my celebratory haze that Market Sales broke yesterday? In which case greater risk if you planned on a market sale rather than IS. There is also the case that yesterday's action on Bruno was not a common event on FI.
@LittleFish I am not sure about the market break so cannot comment, essentially I raised this thread to ask whether anyone uses the quick flip strategy (at a large scale preferably) and there experiences.
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Chickenman last edited by
@NewUser152089 I think it's more worth while at the lower end of the market, you get higher margins with less money tied up. The problem can be selling to market. It's not really worth instant selling most of the time. But trying to market sell thousands of shares in one player doesn't always work. Essentially you would never be able to get out at peak price, you'd have to foresee it and exit early.
@NewUser152089 That's the right punishment to use IS.
IS is ruining all our ports
Why are you making it hard if you buy a share at 6.21 your break even is going to be 6.21/98 *100 which is 6.3367 so 6.34 a share.
If IS goes to 6.35+ you are in profit no matter if you have 1 share or 1000000 shares... obviously keeping this simple by ignoring price movement on selling hundreds of shares..
Whether it is worth it is dependant on how much you want. When I started with 50 quid I was happy with an overall gain of 25p on any player and was doing quite a few of these aiming for 2% (£1) a week. This would equate to just over 100% return after 1 year and obviously for me this was a good trial run before I deposited money..
So I think my own experience is flipping can definitely give you quick yield returns but you have to get it right with timing etc. If it is worth it is entirely down to that persons own goals and style.. if you flip 100's of players a week for small gains that will be as good or better then flipping 1 player in this case Bruno with 10k worth of shares.
johnboywalker last edited by
Sounds like something my missus would say ... if she was from Yorkshire and dissatisfied with my efforts in the bedroom.
'Eee Johnboy, that were flipping quick' 👸
@NewUser152089 I mean even if you get on them early, as you're buying that many shares it will push their price up whilst you're a buying along with X amount of people