Update for Friday 21, 2013
The stock I am short SUNE is down again to $7.85 or 2.73%. Things are going exceedingly well, I am up nearly 48% or nearly half way to my goal of being up 100% in less than one year. One of the things that I am most happy with about this experience (besides the result) is that I have stuck to the plan and have not wavered. The result is that SUNE is only the third stock that I have traded since this endeavor began in April. I remember well the days that it would be nothing for me to trade that many stocks in less than an hour.
Another thing that has become apparent to me is the awesome power of compounding.
Part of the formula in my attempt to double the account is to re-invest whatever proceeds come from the previous trade. The results for the trades thus far have been:
trade 1-29% gain
trade 2-6% gain
trade 3-8% gain
If you add those gains up, it adds up to a gain of 43% but due to the compounding effect, the gain is actually closer to 48%.
One way or another, its been a great learning experience.
The three things that have been re-inforced to me from this experience is that:
1. it pays to not over trade
2. compounding is very powerful
3. and stick to the plan.
Hope you all have a nice weekend!
See the results below:
Update for Friday, June 21, 2013:
Current position-short 1622 shares of SUNE at $8.45
Closed Trades:
5/17-short 942 shares of RDN at $13.69
6/17-covered position on RDN at $12.92 (6% gain)
4/18-shorted 262 shares of UNXL at $38.10
5/17-covered at $29.44 (29% gain)
Start Date: 4/18/13
Starting Balance: $10k
Current Balance: $14,754.00
Return: 48%
Annualized Return: 265%
SEE ALSO:
STOCK MARKET VOLUME LEADERS JUNE 21, 2013
and
NEW 52 WEEK LOWS JUNE 21, 2013
The stock I am short SUNE is down again to $7.85 or 2.73%. Things are going exceedingly well, I am up nearly 48% or nearly half way to my goal of being up 100% in less than one year. One of the things that I am most happy with about this experience (besides the result) is that I have stuck to the plan and have not wavered. The result is that SUNE is only the third stock that I have traded since this endeavor began in April. I remember well the days that it would be nothing for me to trade that many stocks in less than an hour.
Another thing that has become apparent to me is the awesome power of compounding.
Part of the formula in my attempt to double the account is to re-invest whatever proceeds come from the previous trade. The results for the trades thus far have been:
trade 1-29% gain
trade 2-6% gain
trade 3-8% gain
If you add those gains up, it adds up to a gain of 43% but due to the compounding effect, the gain is actually closer to 48%.
One way or another, its been a great learning experience.
The three things that have been re-inforced to me from this experience is that:
1. it pays to not over trade
2. compounding is very powerful
3. and stick to the plan.
Hope you all have a nice weekend!
See the results below:
Update for Friday, June 21, 2013:
Current position-short 1622 shares of SUNE at $8.45
Closed Trades:
5/17-short 942 shares of RDN at $13.69
6/17-covered position on RDN at $12.92 (6% gain)
4/18-shorted 262 shares of UNXL at $38.10
5/17-covered at $29.44 (29% gain)
Start Date: 4/18/13
Starting Balance: $10k
Current Balance: $14,754.00
Return: 48%
Annualized Return: 265%
SEE ALSO:
STOCK MARKET VOLUME LEADERS JUNE 21, 2013
and
NEW 52 WEEK LOWS JUNE 21, 2013
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