OUCH.... What a horrible week of trading. Last week was apparently the worst opening week of any year in the DOWs history. With the Chinese market halting trades twice during the week, the political instability in the Middle East, and Oil commodities and stocks tanking like no tomorrow, it's no wonder why I was getting killed out there!
Despite a very strong Monday, I finished the week with a loss of $-611.72, AND an unrealized LOSS currently at $-8307 due to the 10,000 shares of SUNE stock that I am still holding on to. The rollercoaster of a stock SUNE, dropped a staggering 40% at one point on Thursday, and all I did was keep buying as the price edged lower and lower. I'm currently averaged in at $4.21/share, and am hoping to see it at least go back to $5/share soon. In fact at these prices I am also making that my stock pick of the week. Buy it tomorrow morning if possible between $3.00-$3.50/share and sell out at $5+
Go SUNE Go, and make my money back!
Sunday, January 10, 2016
Tuesday, January 05, 2016
Day 2 1/5/16 -$726.27 in Unrealized losses
Wow what a slow and flat trading day! After yesterday's excitement I was looking for some movers and shakers to make me some money today. What I got in return were stocks dying a slow death today. I ended up buying 3000 shares of Navistar (NAV) averaged at $8.81/share, 3000 shares of Avon (AVP) averaged at $3.81/share, and 1000 shares of Sunedison (SUNE) averaged at $5.75/share.
Everything sputtered around barely moving, or when they did move it was a downwards movement.... =/ I ended up holding everything and currently have an unrealized loss of -$726.27 for the day. I'm hoping they turn around and bring me back to green tomorrow as I plan to sell them either way to be 100% liquid by Thursday.
Everything sputtered around barely moving, or when they did move it was a downwards movement.... =/ I ended up holding everything and currently have an unrealized loss of -$726.27 for the day. I'm hoping they turn around and bring me back to green tomorrow as I plan to sell them either way to be 100% liquid by Thursday.
Day 1 Successful! +$2898.97
I woke up this morning to hear about negative politics between Saudi Arabia, and Iran, The Chinese market crashing 7% in 7 minutes, and all sorts of random bad news that was dragging the US market down in premarket this morning. Despite all that, the stock I had been waiting to make me money since last week finally squeezed out some of the shorts. Sunedison (SUNE) was up nearly 13.16% for the day and I sold my 7000 shares in increments as it climbed for a net profit of $1902.47!
I also bought into 3D systems (DDD) at $8.95/share and sold off stupidly at $9.21/share for a small but very quick $245.83 profit. I also bought and sold Navistar International (NAV) on 3 separate swings for small but very quick profits of $56.72, $95.74, and $105.76!
All in all my portfolio value swung from $33,319 to $36,217.97 on the first trading day of the year! I'm 100% liquid right now, and might stay that way for the next couple days if the market continues to sour or I don't see anything worth buying. We'll see!
I also bought into 3D systems (DDD) at $8.95/share and sold off stupidly at $9.21/share for a small but very quick $245.83 profit. I also bought and sold Navistar International (NAV) on 3 separate swings for small but very quick profits of $56.72, $95.74, and $105.76!
All in all my portfolio value swung from $33,319 to $36,217.97 on the first trading day of the year! I'm 100% liquid right now, and might stay that way for the next couple days if the market continues to sour or I don't see anything worth buying. We'll see!
Sunday, January 03, 2016
Stock Pick of the Week 1/4/16
In addition to my day trading/swing trading, I will be picking a stock on Sunday nights to buy at some point on Monday within my price limit. This week's pick is Amaya Inc (AYA). I'm hoping to pick some up between $12.50 - $13.00 /share tomorrow morning and my target sell price is $13.75-$14.50/share or in other words a 10% gain.
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| AYA closing price as of 12/31/15 |
2016 A New Beginning
2015 was an absolute financial nightmare for me! Between my wife and I, we had lost nearly $60,000 investing in energy/oil, and as a result I am now very against any long term holdings of commodities such as oil and gold. Oil lost over 35% of it's value in 2015 alone and it doesn't appear that it will be going back to it's highs anytime in the near future.
In fact the only way I plan to trade commodities in the future will be via intraday trading via leveraged stocks such as DWTI or UWTI. This blog will be used to track my daily profits / losses in my day/swing trading adventures. I go into the first trading day of 2016 holding 7000 shares of Sunedison Inc (SUNE) averaged at $5.16 /share, with my brokerage account currently worth $33,319. How long will it take me to day trade my way to make that 10 times the value it is today? Let's find out!
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| LinnCO LLC |
In fact the only way I plan to trade commodities in the future will be via intraday trading via leveraged stocks such as DWTI or UWTI. This blog will be used to track my daily profits / losses in my day/swing trading adventures. I go into the first trading day of 2016 holding 7000 shares of Sunedison Inc (SUNE) averaged at $5.16 /share, with my brokerage account currently worth $33,319. How long will it take me to day trade my way to make that 10 times the value it is today? Let's find out!
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| SUNE closing price from 12/31/15 |