Wednesday, February 05, 2020

BRY trade 02/05/2020

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.

     I start the month with $274.36 to invest and that will be my self-imposed trading limit for February.

             $274.36 x 2% =  $5.49 profit needed

  On January 27, I purchased 5 shares of BRY @ $7.05 because the market was down and oil was down. Berry Petroleum is in the gas and oil business and it appeared to be slightly under valued on the pull back.

    On February 5, I sold 5 shares BRY @ $7.45 for a nice $0.40 a share profit.

     $37.25 sold 5 BRY @ $7.45
    -$35.25 bought 5 BRY @ $7.05
      $2.00 profit ( 5.67% ROI)

     While a $0.40 a share profit my seem small, the 5.67% Return On Investment is nice indeed for a little over a week. Remember the 5.67% is the ROI for the $35.25 that I only had invested in BRY.

     This $2.00 profit plus the $0.62 Verizon (VZ) dividend I collected on February 3 equals $2.62 and means I am about 1/2 way to my 2% monthly February goal of $5.49.

     I hope this helps illustrate that one doesn't have to trade every day to achieve ones goals. 

Disclaimer, I am not a professional.
your comments are welcome and appreciated or 

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