Tuesday, December 10, 2019

Tuesday 12/10/2019

Monthly profit needed $3.14 has been exceeded.

      $156.94 self imposed December trading limit.
     -$  36.00 invested 2 IVZ @ $18.00
     -$  23.80 invested 2 ETRN @ $11.90
     -$   8.48 invested 2 WPG @ $4.24 ($0.50 payable 12/16)
      $ 88.66 balance to invest

7:15am (CST)
Entered "GTC-EXT" SELL orders
     2 IVZ @ $18.18
     2 ERTN @ $12.15
     2 WPG @  $4.40

     Tuesday, it is normal for me to miss the first half of the market day. The "futures" point to a lower open and hopefully a buying opportunity.
     I may place an order just before I walk out the door (about 15 minutes after the market opens) but might wait until I get back home. I always post my trades at the time I place my orders. Check back if interested.
     I just trade on my laptop and do not use the smartphone app.



Disclaimer, I am not a professional.

Monday, December 09, 2019

Monday 12/09/2019

Monthly profit needed $3.14 has been exceeded.

      $156.94 self imposed December trading limit.
     -$  36.00 invested 2 IVZ @ $18.00
     -$  23.80 invested 2 ETRN @ $11.90
     -$   8.48 invested 2 WPG @ $4.24 ($0.50 payable 12/16)
      $ 88.66 balance to invest

7:15am (CST)
Enter "GTC-EXT" SELL orders
     2 IVZ @ $18.18
     2 ERTN @ $12.15
     2 WPG @  $4.40

I entered "GTC-EXT" orders, meaning the are "Good Till Canceled" including "EXT" extended trading hours (pre and post hours).

7:50am (CST)
Enter "Limit-Ext-Day" BUY order
     2 ACRE @ $15.30

8:10am (CST)
Enter "Limit-Ext-Day" BUY order
     2 MUR @ $23.75


Disclaimer, I am not a professional.






   

Sunday, December 08, 2019

What the heck does that mean?

     Stock market terminology can sometimes sound like a foreign language and while one does not need to have a Ph.D in the lingo, knowing the basic terms will improve your trading results.

    Not all terms will even apply to your trading style but a little more education never hurts. If you hear something you do not understand (if you do not understand, how can you know if it is important to you?), bookmark this URL to get a simple explanation.

     Do you want financial independence? You can do this!!! This is not rocket science, just slowly build wealth until FI is achieved.

     If you are new here, start here to understand what we are trying to accomplish. Do you really want to look back in a few years and say, "Why didn't I do that!"

   

Disclaimer, I am not a professional. 

Saturday, December 07, 2019

A Portfolio Quandary

   When  managing a successful stock portfolio, one has to free money in ones portfolio by selling underperforming  stocks. The real question becomes, "Is the stock merely underperforming at this time or was it just a bad investment". At least with dividend paying stocks one gets paid to wait.

   Setting goals (I just want to make money IS NOT a goal) makes decisions easier. To stay on track one can sell a stock at a loss and charge that loss against current gains to maintain ones goals.

    On the other side of that equation is if one maintains ones goals without the need to sell losers then why sell them at all. All stock trades are not profitable ones. 

    If there is negative company news that will effect the stock price for several quarters then it may be time to cut your loses and move on. In the absence of such news, I choose to hold a stock at least until the next dividend cycle.

     Every time your portfolio grows (from profits and dividends) your underperforming stock purchases becomes a smaller percentage of your overall portfolio. If you are making contributions to your portfolio it grows even faster.

     We are not getting rich (or going broke) but building wealth over time. Maybe you can afford to lose your money trying to "get rich" but I can not. 
 
     I hope you had a profitable week. Your comments are always welcome.

Disclaimer, I am not a professional.

 

Friday, December 06, 2019

Friday 12/06/2019

Monthly profit needed $3.14 has been exceeded.

      $156.94 self imposed December trading limit.
     -$  36.00 invested 2 IVZ @ $18.00
     -$  23.80 invested 2 ETRN @ $11.90
     -$   8.48 invested 2 WPG @ $4.24 ($0.50 payable 12/16)
      $ 88.66 balance to invest

7:30am (CST)
     Enter "Limit-Ext-Day" SELL orders
     2 IVZ @ $18.18
     2 ERTN @ $12.15
     2 WPG @  $4.40

     The futures point to a higher opening (remember sometimes NO trade is the right thing to do), I do not like to chase a stock going higher than yesterdays high.

     Watch list
     MUR @ $23.50  (2 shares)
     BRY @ $8.00  (3 shares)  
     M @ $15.05   (2 shares)
     BGS @ $16.30  (2 shares)

     With $88.66 to invest, I do not want more than 50% invest in any one stock by buying multiple shares.

1:08pm (CST)
     Enter  "Limit-Day" BUY order
    2 M @ $15.05

Disclaimer, I am not a professional.

     

Thursday, December 05, 2019

Thursday 12/05/2019

Monthly profit needed $3.14 has been exceeded.

      $156.94 self imposed December trading limit.
     -$  36.00 invested 2 IVZ @ $18.00
     -$  23.80 invested 2 ETRN @ $11.90
     -$   8.48 invested 2 WPG @ $4.24 ($0.50 payable 12/16)
      $ 87.00 unsettled funds
      $  1.66 balance to invest

7:15am (CST)
     Enter "Limit-Ext-Day" SELL orders
     2 IVZ @ $18.18
     2 ETRN @ $12.15
     2 WPG @ $4.40

     Our "unsettled funds" will turn to "cash" tomorrow.




Disclaimer, I am not a professional.

Wednesday, December 04, 2019

Wednesday 12/04/2019

Monthly profit needed $3.14 - $0.71 (1 HP dividend) = $2.46 - $0.62 (2 IVZ dividend) = $1.84 still needed.

      $156.94 self imposed December trading limit.
     -$  36.00 invested 2 IVZ @ $18.00
     -$  23.80 invested 2 ETRN @ $11.90
     -$   8.48 invested 2 WPG @ $4.24 ($0.50 payable 12/16)
     -$  23.50 invested 1 MUR
     -$  63.50 invested 1 TNA
      $    1.66 balance to invest
  
7:45am (CST)
     Enter "Limit-Ext-day" SELL orders
     2 IVZ @ $18.18
     2 ETRN @ $15.15
     2 WPG @ $4.40
     1 MUR @ $24.50
     1 TNA @ $65.50

     You can always place a "GTC" (Good till Canceled) order and not have to entered the same order every day. ALL ORDERS CAN BE CHANGED AT ANY TIME!!

8:36am (CST)
    Sold    1 TNA @ $65.50
    paid                  $63.50
    Profit                $ 2.00

8:56am (CST)
    Sold  1 MUR @ $24.50
    paid                 $23.50
    Profit                $1.00

   I have exceeded my 2% profit for December.


Disclaimer, I am not a professional.
 

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