Thursday, January 09, 2020

TNA trade 01/09/2020

     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.

  TNA was purchased on 01/02 for $70.25 and sold today for $72.75.

     $72.75 sold 1 TNA
    -$70.25 buy 1 TNA
      $ 2.50 profit ( 3.55% ROI )

     A profit of $2.50 a share is nice, remember it is just an average % gain. The fact I had $70.25 invested makes the dollar amount seem large.

     As the account (and my trades) become larger, the dollar amounts will increase. Dollar amount gains do not translate to a successful account, it is the percent gains that matter.

     A hundred shares ($7,025) of TNA would have made $250 on this trade. Don't have $7,025 to invest.    If you don't get started you NEVER will have that amount.

Disclaimer, I am not a professional.

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