Trying my first flip Thursday!!!
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Trying my first flip Thursday!!!
by Sullysullinburg » Wed Jan 14, 2015 9:17 pm
Got an 1878 7TF from a friend for $25. Gonna try to flip it and my coin club auction Thursday. Think I can make some money?
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- Sullysullinburg
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Re: Trying my first flip Thursday!!!
by plus1hdcp » Wed Jan 14, 2015 11:43 pm
Good luck to you and I look forward to you reporting back with how it went. Again, good luck.
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Re: Trying my first flip Thursday!!!
by Sullysullinburg » Thu Jan 15, 2015 9:47 pm
Just got home. Sold for a grand total of $27. Giving me a net of $2.
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Re: Trying my first flip Thursday!!!
by Rodebaugh » Thu Jan 15, 2015 10:46 pm
Sullysullinburg wrote:Just got home. Sold for a grand total of $27. Giving me a net of $2.
Thats better than selling for $23. You have to start somewhere. I call it a win. Nice work.
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Re: Trying my first flip Thursday!!!
by aloneibreak » Thu Jan 15, 2015 11:37 pm
Rodebaugh wrote:Sullysullinburg wrote:Just got home. Sold for a grand total of $27. Giving me a net of $2.
Thats better than selling for $23. You have to start somewhere. I call it a win. Nice work.
exactly right
think in percentages - not just dollars
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Re: Trying my first flip Thursday!!!
by AdamsSamoa » Fri Jan 16, 2015 12:07 am
yep... cant get that at a bank...
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Re: Trying my first flip Thursday!!!
by Recyclersteve » Fri Jan 16, 2015 12:12 am
That's a very good start in my opinion.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: Trying my first flip Thursday!!!
by Thogey » Fri Jan 16, 2015 8:51 am
I've been coin'in and deal'n for a while and still take losses.
Savor the wins. When you first posted and saw your dollar, I though you were going to get hurt.
Not that it's a bad coin but that you paid just right.
Good job!
Savor the wins. When you first posted and saw your dollar, I though you were going to get hurt.
Not that it's a bad coin but that you paid just right.
Good job!
If I have the gift of prophesy, and know all mysteries and all knowledge, and if I have all faith, so as to move mountains but do not have love I am nothing. And if I give all my possessions to feed the poor, and if I surrender my body to be burned but do not have love it profits me nothing.
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Re: Trying my first flip Thursday!!!
by TheJonasCollegeFund » Fri Jan 16, 2015 11:42 am
No shipping costs? No ebay fees? No paypal fees? Cash?
You did great!
Fees will eat you up. I wish I was in a coin club with monthly auctions!
You did great!
Fees will eat you up. I wish I was in a coin club with monthly auctions!
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