Saturday, February 01, 2020

January 2020 update

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 $214.98 to invest and that will be my self-imposed trading limit for the whole month. 

     $214.98 x 2% = $4.30 profit needed.

 2.
 3.

 6.
 7.
 8.   $214.98 + $1.00  WDR profit = $215.98
 9.   $215.98 + $2.50  TNA profit = $218.48
10.

13. $218.48 + $2.00 ANF profit = $220.48
14.
15.  $220.48 + $0.88 CXW dividend = $221.36
16   $221.36 + $1.00 HP profit = $222.36
17.

21.
22.
23. $222.36 + $2.00 BRY profit = $224.36
24.

27.
28.
29.
20.
31.

Ending Balance  $224.36
Starting Balance $214.98
Monthly Profit    $   9.38

$9.38 profit on $214.38 = 4.36% gain



Comparing my gain to the market for January.

     DOW -2.01%
     S&P   -1.00%
    MINE   +4.36%

     I made $9.38 profit, while needing only $4.30 profit for my 2% monthly gain. That means I had $5.08 that could have been used to sell under-performing stocks at a "net loss" while still maintain goal.

     January ending balance $224.36
     February contribution   $  50.00
     Feb. trading limit           $274.36

     $274.36 x 2% = $5.49 profit needed

     

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

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