Wednesday, February 12, 2020

Wednesday 02/11/2020

     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.

   $274.36 self-imposed February trading limit.
  -$   8.48 invested 2 WPG @ $4.24 (projected 03/02)
  -$ 61.60 invested 1 VZ @ $61.60  ($0.61 paid 02/03
  -$ 35.10 invested 2 CXW @ $17.55  ($0.44 x 2 paid 1/15)
  -$ 45.75 invested 1 HP @ $45.75 ($0.71 payable 03/02)
  -$ 22.80 invested 2 ETRN @ $11.40($0.45x2 payable 02/21)
  -$ 30.15 invested 10 WPG @ $3.015 (projected 03/02)
  -$ 70.25 unsettled funds
   $     .23 balance to invest 
   (about as close to 100% invested as feasible) 

7:00am (CST)
Enter "GTC-EXT-Limit" SELL orders
     12 WPG @ $3.40 ( 2+10=12 ) ???
     1 VZ @ $61.70 
     2 CXW @ $17.90 
     1 HP @ $46.75
     2 ETRN @ $11.90

    My "unsettled funds" will settle tomorrow and give me "cash" buying power. You can use "unsettled funds" to buy with BUT you can not SELL that purchase until it is fully paid for (settlement date of new purchase NOT settlement date of prior stock sale), if you SELL the new purchase before it settles, the IRS will restrict (can only use cash = settled funds) your account for 90 days. I prefer to use ONLY settled funds because I want complete control over my selling.

Disclaimer, I am not a professional.
your comments are welcome and appreciated or 
e-mail...…..   1948modelblog@gmail.com


    

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