₦airaland Forum

Streetinvestor2:
You dey mind them.They stole the man business via back door. And karma is dealing with them and family in a serious ways Thr was no way access bank could have taken over intercontinental bank if things whr done in transparent way.It is remaining saraki and Sanusi to pay for thr sins.Saraki is now nobody political and Sanusi has not seen peace as emir

orriyomi33:
Good evening everyone.

I don't know what is wrong with my Meristem app. The order that I placed on Monday which was expired was executed on Tuesday at 2x the amount of units I ordered. Now I'm with a negative balance on my stock account which I'm planning on funding to get other stocks, I'm afraid I'll get debited.

Anyone experiencing similar issues with Meristem and possible solutions.

Mpeace:
106 properties in London alone. How many in New York, UAE, Canada and even other states of the UK. A mighty university in Nigeria and other real estate.
Yet they keep telling investors to be patient as diaspora expansion will pay in a few years. Chai.

awesomeJ:
Q1 2025, I started with a N2m portfolio, and then took loans at up to 156%, now i reject loan offers, I even reject money from friends at 0% cost

God is awesome!

PassiveInvestor:
When you’re ready sa ready to open “Awesomej School of Market Charm” or take on a protégé, abeg no forget me o. I don book my spot since 😄

Sha remember to teach me first when you’re ready o!

zendi:
Brent to the moon.

$114.27

awesomeJ:
Guys, I have some preliminary Q1 numbers for my trading, they're pretty compared to last quarter.

N1.65bn with 2.16% net margins traded compared to N669m at 1.32

the quarter still does have 2 more days sha, but i just finished vibe coding this income statement feature so I'm happy to share.

Full quarter volume will be above N1.7b with earnings likely to top N37m

I paid N1.3m for just stamp duties alone

awesomeJ:
Guys, I have some preliminary Q1 numbers for my trading, they're pretty compared to last quarter.

N1.65bn with 2.16% net margins traded compared to N669m at 1.32

the quarter still does have 2 more days sha, but i just finished vibe coding this income statement feature so I'm happy to share.

Full quarter volume will be above N1.7b with earnings likely to top N37m

I paid N1.3m for just stamp duties alone

awesomeJ:
Guys, I have some preliminary Q1 numbers for my trading, they're pretty compared to last quarter.

N1.65bn with 2.16% net margins traded compared to N669m at 1.32

the quarter still does have 2 more days sha, but i just finished vibe coding this income statement feature so I'm happy to share.

Full quarter volume will be above N1.7b with earnings likely to top N37m

I paid N1.3m for just stamp duties alone

SonofElElyonRet:
Na full end of year result be dis o. Even quoted companies will be jealous

awesomeJ:
Guys, I have some preliminary Q1 numbers for my trading, they're pretty compared to last quarter.

N1.65bn with 2.16% net margins traded compared to N669m at 1.32

the quarter still does have 2 more days sha, but i just finished vibe coding this income statement feature so I'm happy to share.

Full quarter volume will be above N1.7b with earnings likely to top N37m

I paid N1.3m for just stamp duties alone

HesInMe:
Kudos. This is a bit of an unconventional way to represent the top line of a proprietary trading business. If you could explain: What does "Gross Profit" here mean, and how did you estimate it?

awesomeJ:
Q1 2025, I started with a N2m portfolio, and then took loans at up to 156%, now i reject loan offers, I even reject money from friends at 0% cost

God is awesome!

ositadima1:
That edge will be quickly eroded once others catch on to what you’re doing (Have been eating from it too in the last few months). This strategy won’t last long if you keep exposing it, buying from impatient sellers and flipping for small profits. You should already be planning your next strategy, because at this rate, you’ll soon be sharing those returns with a wave of new entrants, some of whom may be even smarter and more resourceful than you. You dey make money, enjoy your money na, make the thing no cast.

awesomeJ:
You mean your own strategy will soon cast


You don't have any clue on what I do so why not speak just on the one you understand.


When you say a strategy will cast, it's only your own strategy that will experience that cos that's the only one you know.


This is an upgrade though from when you thought it was all false or that it could only work in a bull market.

You always try to explain something you're completely clueless about.

ositadima1:
Ok nah, kwantinue. You nah big genius.

Mpeace:
106 properties in London alone. How many in New York, UAE, Canada and even other states of the UK. A mighty university in Nigeria and other real estate.
Yet they keep telling investors to be patient as diaspora expansion will pay in a few years. Chai.

awesomeJ:
Great questions.

As for the top line, Total volume traded is more important than just sales in this business, maybe you do not agree.

As for the gross profit. I was already thinking it was too vague in the report while i went to my barber's this morning.

I'm back now, and i've updated the code to add more context.



Gross profit = Total sales - value of stocks held at start - value of stocks purchased + value of stocks held at end.

see:

HesInMe:
No offence, but the big changes in your starting and ending equity balances make this report a little suspicious o.

I'm not questioning your legitimacy. But the beginning and ending balances are usually the surest numbers: You get them from trading account statement balances; they're not calculated like trading volumes are.

Maybe check again?

awesomeJ:
I don't get what you mean?

Could you point out the figures you're not clear with?

I think your questions are asked in good faith, so we're good, and I'd be happy to clarify.

awesomeJ:
@HeisinMe, it looks like you edited your post to mention the specific figures you're not clear about.


11m is value of equity(stocks alone) held in January.

21m is the portfolio value( 11m stocks + 10m cash)

Usually 10-70% of my portfolio is held in cash. It has to be that way for every trader.


I hope this is clear now.

I also think the reports labels them distinctly??

awesomeJ:
Great questions.

As for the top line, Total volume traded is more important than just sales in this business, maybe you do not agree.

As for the gross profit. I was already thinking it was too vague in the report while i went to my barber's this morning.

I'm back now, and i've updated the code to add more context.



Gross profit = Total sales - value of stocks held at start - value of stocks purchased + value of stocks held at end.

see:

ositadima1:
That edge will be quickly eroded once others catch on to what you’re doing (Have been eating from it too in the last few months). This strategy won’t last long if you keep exposing it, buying from impatient sellers and flipping for small profits. You should already be planning your next strategy, because at this rate, you’ll soon be sharing those returns with a wave of new entrants, some of whom may be even smarter and more resourceful than you. You dey make money, enjoy your money na, make the thing no cast.

isaacosas01:
What strategy are you using please. Let learn from it.

awesomeJ:
It's proprietary, it's spiritual too.

The evidence that it works can be seen from my posts here like mentioning the thresholds the index will cross per time, saying japaual won't hit #5 when some people thought there was $21bn gold worth that would push it to #1000,and recently stating that PRESCO would close on full bid this past Monday. I said that the Friday before.


If you can be right about most of these projections, it's only natural for your results to reflect your accuracy.