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09:10
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Originally posted by Darkstone
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I have held PLS for many years, but mainly posted on GXY/AKE. PLS was a two trade every second day company where as GXY was heavy trading every day - so I posted heavily on the GXY/AKE forums. Gradually over time I realised I was making more money trading PLS than AKE and that the latter was a lot of work because I had to do many small trades over a wide spread to get the volume up, whereas PLS required only a couple of trades and I was making 10 to 20k every second day just setting trades at the edges of the channel. Gradually I was mainly trading PLS and doing small trades in AKE, but still doing commentary on the AKE forums (often about PLS - because they were tightly coupled and I would cover both at once in each post). I decided that that was kind of unfair. I was making most of my money on PLS but not sharing with the PLS HC community unless they were also AKE shareholders. So recently I switched to posting on PLS rather than AKE and reduced my AKE holding down to a small holding level and moved most of the trading cash across to PLS (and more recently a bit into NMT).
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So if you make $10k to $20k every second day that's around $40k a week which is around $2M a year.
(20min delay)