Thursday, April 02, 2020

MUR 04/02/2020 trade

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.

            $331.94 self-imposed April trading limit.
            2% of $381.94 = $7.64 April profit needed.

     Yesterday (04/01/2020) I bought 1 MUR @ $5.50 and today (0402-2020) I sold 1 Mur @$6.50.


      $6.50...…….sold 1 MUR @ $6.50
      $5.50.......bought 1 MUR @ $5.50
      $1.00 total profit

     $1.00 / $5.50 = 18.18% ROI

     MURPHY OIL (MUR) is a local company that I have played for years and I feel it will return to $20.00 but not in a straight line. I hope to trade in-and-out of MUR until it returns to $20.00.
     
     Oil is down for now BUT we all know it will not stay this low. Another option is to just buy MUR and hold it for a "double" or "triple".

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

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