Newest Scottrade millionaire

October 9, 2007 – 12:19 pm

Scottrade millionaireI do some stock trading and have a couple accounts in different places.  One place that I have an account is Scottrade, and if they were to follow through with what their website reads, I would open up more accounts there.  The problem appears to be a mathematical one, which I would love to cash in on.

In one of my accounts I just play with penny stock, which is a must have.  If you don’t yet have a penny stock account, you must get one.  It’s like playing the lotto but you have a better chance of making money.  So, with my little gamble I thought that one day I might turn a penny into two pennies or maybe three.. never, ever, did I expect to see a gain in my account of such a monumental amount though.

I’ve traded small stocks that have doubled, but when you are working with a penny stock (or fractions of a penny) it doesn’t seem to make a big difference in the overall scheme of life.  Once in a while a stock will double, but it’s usually a quick and violent move that has an equal reaction.

Some of the stocks I trade in my penny account are actually around a dollar, while some are $.0001 per share.  That’s one of the stocks that seems to have a mathematical error in the value computation.  The stock of which I own 9,000,000 shares should have a value of around $900.00, not nearly the almost $3 million dollars that it is.

Should I call Scottrade and try to cash out?

Scottrade millionaire

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