Friday, December 27, 2019

Friday 12/27/2019

  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. 

2% Monthly profit needed to stay track for 24% yearly has been exceeded.

      $156.94 self imposed December trading limit.
     -$   8.48 invested 2 WPG @ $4.24 
     -$ 61.60 invest VZ @ $61.60 (ex-date 1/9 $0.615)
     -$ 35.80 unsettled fund
      $ 51.06 balance to invest

      
7:15am (CST)
Entered "GTC-EXT" SELL orders
     2 WPG @  $ 4.40
     1 VZ @ $62.15

     RAD is still going higher but as always, do I want to risk buying it at these levels. I will not buy pre-market but will see how it acts after the market opens. 
     
     From my experience, a stock is "over-bought" (the price goes higher, meaning more buyers than sellers) after good news but sooner or later buyers will decide the price is getting too high and the number of sellers will out number the buyer (driving the price down).

     Remember the stock market is an AUCTION.  The price someone is willing to pay determines stock prices. 

9:20am (CST)
Enter "Limit-Day" BUY order
2 CXW @ $17.55 (11:02 FILLED)

Disclaimer, I am not a professional.

     

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