How to work out buy back price and remain in profit?
If I buy a player for x and sell for a profit
Does anyone know a simple formula to work out, if the player then drops at what price can buy back and still be in profit
For instance I buy player for £1 and sell for £2 making £1 - commission - he then drops to £1.50 so i want to buy back for next rise - how would I work out at what price I can buy back and still be in profit including commission etc
I want to note the share price i can buy back at in my spreadsheet
Hope that makes sense
9stevo last edited by
Surely it is only dependent on the new buy price and the new sell price?!! You could buy a player at £1 sell for £2 and make a pound. He could then go up to £3 you could "buy back" and sell him for £5 on the back of another rise and make profit both times... Or have I totally misunderstood what you're asking?
Coriolanus last edited by
not worth the effort, every time you buy a share, whether you have previously owned or currently own... the only decision you should be making - if I buy this share today, do I think I can sell it for a profit in the future? All the other figures about avg cost price or previous profit are irrelevant.
I run through my port every day, look at the current price - without caring about what I paid for the share - and make a decision is this share going to make me money?
@NewUser274226 on that basis it would be £1.95....as you'd still be 1p in profit