Monday, January 13, 2020

ANF Trade 01/13/2020

    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.


   Friday 01/10/2020 I bought 2 shares of ANF (Abercrombie & Fitch) for $17.10 each. I was hoping to make a quick $0.50 Monday.

     While ANH pays a dividend (not until March), I bought it for the rise in price, knowing I had the dividend to fall back on should it not work out.

     Today 01/13/2020, before the market opened, I entered an "EXT" (extended hours) sell order for $17.75 but after watching pre-market trading ( pre-market and after-hours trading are "EXT" trading, it became clear that it would easily hit $17.75 so I modified my order (any order can be modified anytime before it is filled) for $18.10.

    The order was filled @ 8:15 am.

     $36.20 sold 2 ANF @ $18.10 each
    -$34.20 buy 2 ANF @ $17.10
     $ 2.00 profit (5.84% ROI)

Disclaimer, I am not a professional.

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