Friday, October 18, 2019

Friday 10/18/2019

     This post is a continuation of the $50 a month stock challenge I started October 14, 2019.  Click on, "No Commission Stock Trades", on the right side of the page to read from the start. 

8:30am (CDT)
     With only $7.90 cash to invest I may or may not make a trade today. My "unsettled funds" will turn to cash Monday.
      As always, I will update when I make a trade.

9:00 am (CDT)
     I entered a "limit order" (meaning I will only pay that amount or less) for 2 shares of WPG @ $3.95, it is currently trading for $4.03.
    I can place a "limit order" and walk away from the market. I do not have to babysit on order.

2:45pm (CDT)
     Well WPG moved away from my "limit order". Monday when my unsettled funds turn to cash I will have $52.00 to invest. I will not invest my profits, I will only have $50 invested at any one time. When I sell an investment, those proceeds are no longer invested and I can now invest all of the remaining money from the $52 as I know "unsettled funds" are the same as cash (in two days).

     I had a very solid 4% profit for the week on my $50 account.
   

Disclaimer, I am not a professional.

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